Chipotle Mexican Grill, Inc. (NYSE:CMG) - Analysts at Wedbush decreased their Q3 2017 earnings per share (EPS) estimates for Chipotle Mexican Grill in a research report issued on Wednesday. Wedbush analyst N. Setyan now forecasts that the restaurant operator will earn $2.30 per share for the quarter, down from their previous estimate of $2.49. Wedbush has a “Neutral” rating and a $390.00 price target on the stock. Wedbush also issued estimates for Chipotle Mexican Grill’s Q1 2018 earnings at $2.62 EPS, Q2 2018 earnings at $3.05 EPS, Q3 2018 earnings at $2.84 EPS, Q4 2018 earnings at $3.06 EPS and FY2018 earnings at $11.56 EPS.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.16. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The company’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 EPS.
A number of other research analysts also recently weighed in on the company. Cowen and Company reissued a “hold” rating and issued a $370.00 price target on shares of Chipotle Mexican Grill in a research note on Friday. Maxim Group reissued a “buy” rating and issued a $435.00 price target (down previously from $470.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. UBS AG set a $380.00 price target on Chipotle Mexican Grill and gave the company a “neutral” rating in a research note on Wednesday. Morgan Stanley reissued an “equal weight” rating and issued a $380.00 price target (down previously from $445.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. Finally, Barclays PLC reissued an “equal weight” rating and issued a $370.00 price target (down previously from $400.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. Eight equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $405.15.
Chipotle Mexican Grill (NYSE CMG) opened at 350.50 on Friday. The firm has a market capitalization of $10.05 billion, a PE ratio of 108.41 and a beta of 0.64. The company has a 50 day moving average price of $405.60 and a 200-day moving average price of $432.38. Chipotle Mexican Grill has a one year low of $336.52 and a one year high of $499.00.
A number of large investors have recently modified their holdings of the company. Nationwide Fund Advisors increased its stake in shares of Chipotle Mexican Grill by 1.4% in the first quarter. Nationwide Fund Advisors now owns 8,077 shares of the restaurant operator’s stock valued at $3,598,000 after buying an additional 112 shares during the period. Scout Investments Inc. bought a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $12,331,000. TIAA CREF Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 3.1% in the first quarter. TIAA CREF Investment Management LLC now owns 322,802 shares of the restaurant operator’s stock valued at $143,815,000 after buying an additional 9,751 shares during the period. Wellington Management Group LLP increased its stake in shares of Chipotle Mexican Grill by 46.3% in the first quarter. Wellington Management Group LLP now owns 308,697 shares of the restaurant operator’s stock valued at $137,530,000 after buying an additional 97,750 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Chipotle Mexican Grill by 0.5% in the first quarter. Sei Investments Co. now owns 3,765 shares of the restaurant operator’s stock valued at $1,678,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 95.71% of the company’s stock.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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