Chipotle Mexican Grill, Inc. (NYSE:CMG) - Investment analysts at SunTrust Banks decreased their Q3 2017 earnings per share estimates for Chipotle Mexican Grill in a report issued on Wednesday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will earn $2.43 per share for the quarter, down from their previous estimate of $2.63. SunTrust Banks currently has a “Buy” rating and a $550.00 target price on the stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s FY2017 earnings at $8.00 EPS and FY2018 earnings at $13.00 EPS.
A number of other equities analysts also recently commented on CMG. Wedbush reaffirmed a “neutral” rating and issued a $400.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, March 27th. Vetr downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating and set a $436.84 price objective for the company. in a report on Tuesday, March 28th. UBS AG reaffirmed a “neutral” rating and issued a $410.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, March 29th. Credit Suisse Group reaffirmed a “hold” rating and issued a $375.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, April 7th. Finally, Jefferies Group LLC reaffirmed a “sell” rating and issued a $300.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, April 12th. Nine research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $436.81.
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Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 356.05 on Friday. Chipotle Mexican Grill has a 52 week low of $352.96 and a 52 week high of $499.00. The company’s 50-day moving average is $427.08 and its 200-day moving average is $434.55. The firm has a market cap of $10.21 billion, a PE ratio of 110.13 and a beta of 0.64. Chipotle Mexican Grill also was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 25,703 put options on the company. This is an increase of approximately 307% compared to the typical volume of 6,322 put options.
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 Zacks’ consensus estimate of $1.28 by $0.32. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Chipotle Mexican Grill had a net margin of 2.31% and a return on equity of 7.72%. Chipotle Mexican Grill’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.88) EPS.
Institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of 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 valued at $1,080,155,000 after buying an additional 2,353,372 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at approximately $84,334,000. Wellington Management Group LLP boosted 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 last quarter. Renaissance Technologies LLC boosted its stake in shares of Chipotle Mexican Grill by 99.0% in the first quarter. Renaissance Technologies LLC now owns 165,800 shares of the restaurant operator’s stock valued at $73,867,000 after buying an additional 82,500 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Chipotle Mexican Grill by 26.5% in the first quarter. American Century Companies Inc. now owns 352,826 shares of the restaurant operator’s stock valued at $157,191,000 after buying an additional 73,914 shares during the last quarter. Institutional investors own 95.62% 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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