Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities research analysts at Oppenheimer Holdings cut their Q4 2017 earnings per share estimates for shares of Chipotle Mexican Grill in a report released on Wednesday, according to Zacks Investment Research. Oppenheimer Holdings analyst B. Bittner now anticipates that the restaurant operator will earn $1.44 per share for the quarter, down from their prior forecast of $1.64. Oppenheimer Holdings also issued estimates for Chipotle Mexican Grill’s FY2018 earnings at $8.97 EPS.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($0.91). The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 EPS.
A number of other research analysts also recently weighed in on the stock. BTIG Research restated a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 21st. Bank of America Corporation restated a “neutral” rating and set a $390.00 price objective (down previously from $425.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Wells Fargo & Company downgraded shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $470.00 to $375.00 in a research report on Wednesday, July 19th. They noted that the move was a valuation call. Tigress Financial restated a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Saturday, July 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $400.00 price target (down from $500.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Eight investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $356.06.
Chipotle Mexican Grill (CMG) opened at $279.45 on Thursday. The stock has a market cap of $7,889.69, a P/E ratio of 48.18, a PEG ratio of 2.42 and a beta of 0.44. Chipotle Mexican Grill has a 52 week low of $264.90 and a 52 week high of $499.00.
Institutional investors have recently modified their holdings of the company. Korea Investment CORP grew its position in Chipotle Mexican Grill by 140.2% during the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after purchasing an additional 157 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Chipotle Mexican Grill by 84.5% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 169 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Chipotle Mexican Grill by 15.7% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after purchasing an additional 55 shares during the last quarter. Parsons Capital Management Inc. RI purchased a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $203,000. Finally, First Interstate Bank grew its position in Chipotle Mexican Grill by 111.1% during the 3rd quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after purchasing an additional 250 shares during the last quarter. 90.72% of the stock is currently owned by hedge funds and other 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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