Chipotle Mexican Grill, Inc. (NYSE:CMG) - Investment analysts at Jefferies Group dropped their Q3 2017 earnings estimates for Chipotle Mexican Grill in a report released on Wednesday. Jefferies Group analyst A. Barish now forecasts that the restaurant operator will post earnings of $2.23 per share for the quarter, down from their prior forecast of $2.31. Jefferies Group currently has a “Hold” rating and a $350.00 target price on the stock. Jefferies Group also issued estimates for Chipotle Mexican Grill’s FY2017 earnings at $8.12 EPS.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, topping the consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business posted $0.87 EPS. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year.
Several other research firms have also recently issued reports on CMG. SunTrust Banks, Inc. raised their target price on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Mizuho reissued a “buy” rating and issued a $533.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 21st. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, July 12th. Standpoint Research initiated coverage on shares of Chipotle Mexican Grill in a research report on Wednesday, April 19th. They issued a “sell” rating and a $420.00 target price on the stock. Finally, Maxim Group reissued a “hold” rating and issued a $440.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Eight investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $405.15.
Chipotle Mexican Grill (NYSE:CMG) opened at 350.50 on Thursday. The stock has a 50 day moving average of $405.60 and a 200 day moving average of $432.38. Chipotle Mexican Grill has a one year low of $336.52 and a one year high of $499.00. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 108.41 and a beta of 0.64.
A number of large investors have recently made changes to their positions in CMG. Covenant Asset Management LLC boosted its stake in shares of Chipotle Mexican Grill by 0.5% in the second quarter. Covenant Asset Management LLC now owns 2,187 shares of the restaurant operator’s stock worth $910,000 after buying an additional 10 shares during the last quarter. Tufton Capital Management boosted its stake in shares of Chipotle Mexican Grill by 1.3% in the second quarter. Tufton Capital Management now owns 804 shares of the restaurant operator’s stock worth $335,000 after buying an additional 10 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.6% in the first quarter. Eqis Capital Management Inc. now owns 1,730 shares of the restaurant operator’s stock worth $771,000 after buying an additional 11 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Chipotle Mexican Grill by 2.4% in the first quarter. Pacer Advisors Inc. now owns 469 shares of the restaurant operator’s stock worth $209,000 after buying an additional 11 shares during the last quarter. Finally, Capital Analysts LLC boosted its stake in shares of Chipotle Mexican Grill by 2.9% in the first quarter. Capital Analysts LLC now owns 427 shares of the restaurant operator’s stock worth $190,000 after buying an additional 12 shares during the last quarter. 95.71% of the stock is owned by hedge funds and other institutional investors.
Chipotle Mexican Grill Company Profile
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.
Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
