Chipotle Mexican Grill, Inc. (NYSE:CMG) – Investment analysts at SunTrust Banks reduced their Q4 2017 earnings per share estimates for shares of Chipotle Mexican Grill in a note issued to investors on Wednesday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings of $1.87 per share for the quarter, down from their prior estimate of $1.88. SunTrust Banks has a “Buy” rating and a $550.00 price objective on the stock.
Other equities research analysts have also issued reports about the company. UBS AG reaffirmed a “neutral” rating and set a $410.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, March 29th. Barclays PLC lifted their target price on Chipotle Mexican Grill from $395.00 to $415.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 26th. Cowen and Company lifted their target price on Chipotle Mexican Grill from $375.00 to $440.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. J P Morgan Chase & Co lifted their target price on Chipotle Mexican Grill from $365.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, April 26th. Finally, Vetr raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 target price for the company in a research report on Monday, May 15th. Nine equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $423.38.
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Shares of Chipotle Mexican Grill (CMG) traded up 2.416% during midday trading on Monday, reaching $348.195. The company had a trading volume of 1,533,422 shares. The firm’s 50 day moving average price is $419.18 and its 200-day moving average price is $434.34. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 107.700 and a beta of 0.64. Chipotle Mexican Grill has a 1-year low of $336.52 and a 1-year high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.32. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.88) earnings per share.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after buying an additional 2,353,372 shares during the last quarter. APG Asset Management N.V. boosted its position in Chipotle Mexican Grill by 255.5% in the second quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after buying an additional 199,170 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in Chipotle Mexican Grill during the first quarter worth $84,334,000. Wellington Management Group LLP boosted its position in 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 worth $137,530,000 after buying an additional 97,750 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Chipotle Mexican Grill by 99.0% in the first quarter. Renaissance Technologies LLC now owns 165,800 shares of the restaurant operator’s stock worth $73,867,000 after buying an additional 82,500 shares during the last quarter. 95.71% of the stock is owned by institutional investors.
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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