Q1 2018 EPS Estimates for Chipotle Mexican Grill, Inc. Reduced by Analyst (CMG)

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.

CMG has been the topic of a number of other reports. Goldman Sachs Group reiterated a “neutral” rating and set a $285.00 price objective (down from $330.00) on shares of Chipotle Mexican Grill in a research note on Thursday. ValuEngine downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Wedbush increased their price objective on shares of Chipotle Mexican Grill from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. They noted that the move was a valuation call. Bank of America lowered their target price on shares of Chipotle Mexican Grill from $285.00 to $270.00 and set an “underperform” rating for the company in a research note on Wednesday. Finally, Deutsche Bank set a $240.00 target price on shares of Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Wednesday, October 25th. Ten equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $350.28.

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.

Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

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