Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities research analysts at SunTrust Banks reduced their Q1 2018 EPS estimates for Chipotle Mexican Grill in a research note issued to investors on Tuesday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $1.55 per share for the quarter, down from their prior estimate of $2.44. SunTrust Banks has a “Buy” rating and a $340.00 price target on the stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s Q2 2018 earnings at $3.31 EPS, Q3 2018 earnings at $2.40 EPS, Q4 2018 earnings at $2.13 EPS, Q1 2019 earnings at $2.36 EPS, Q2 2019 earnings at $4.44 EPS, Q3 2019 earnings at $3.70 EPS and Q4 2019 earnings at $3.10 EPS.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year.
Chipotle Mexican Grill (NYSE:CMG) opened at $255.46 on Friday. Chipotle Mexican Grill has a one year low of $247.51 and a one year high of $499.00. The stock has a market cap of $6,930.00, a P/E ratio of 41.47, a PEG ratio of 1.67 and a beta of 0.59.
Large investors have recently bought and sold shares of the company. First Interstate Bank lifted its stake in shares of Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after buying an additional 250 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Chipotle Mexican Grill by 75.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock worth $165,000 after buying an additional 246 shares during the period. Mercer Capital Advisers Inc. acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth $183,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $197,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Chipotle Mexican Grill by 43.2% during the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock worth $219,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 88.01% of the company’s stock.
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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.
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