Chipotle Mexican Grill, Inc. (NYSE:CMG) – Investment analysts at Wedbush dropped their Q3 2017 earnings per share (EPS) estimates for shares of Chipotle Mexican Grill in a research note issued to investors on Wednesday. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $1.47 for the quarter, down from their prior estimate of $2.30. Wedbush currently has a “Neutral” rating and a $290.00 price target on the stock. Wedbush also issued estimates for Chipotle Mexican Grill’s Q4 2017 earnings at $1.85 EPS, FY2017 earnings at $7.24 EPS, Q1 2018 earnings at $1.87 EPS, Q2 2018 earnings at $2.54 EPS, Q3 2018 earnings at $1.94 EPS, Q4 2018 earnings at $2.51 EPS, FY2018 earnings at $8.86 EPS and FY2019 earnings at $10.90 EPS.
CMG has been the topic of a number of other research reports. Piper Jaffray Companies set a $510.00 price objective on Chipotle Mexican Grill and gave the stock a “buy” rating in a report on Wednesday. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Chipotle Mexican Grill in a report on Tuesday, June 20th. Deutsche Bank AG reaffirmed a “sell” rating and set a $350.00 price objective (up previously from $300.00) on shares of Chipotle Mexican Grill in a report on Monday, July 10th. Robert W. Baird reaffirmed a “hold” rating and set a $385.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, September 1st. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $470.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, July 14th. Seven analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average target price of $392.13.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company earned $0.87 EPS. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year.
Large investors have recently modified their holdings of the company. Carmignac Gestion lifted its position in Chipotle Mexican Grill by 162.5% during the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after buying an additional 319,875 shares during the period. Renaissance Technologies LLC lifted its position in Chipotle Mexican Grill by 169.1% during the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after buying an additional 280,300 shares during the period. American Century Companies Inc. lifted its position in Chipotle Mexican Grill by 59.8% during the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after buying an additional 210,872 shares during the period. APG Asset Management N.V. lifted its position in Chipotle Mexican Grill by 255.5% during 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 period. Finally, Numeric Investors LLC lifted its position in Chipotle Mexican Grill by 8,366.4% during the second quarter. Numeric Investors LLC now owns 110,910 shares of the restaurant operator’s stock worth $46,150,000 after buying an additional 109,600 shares during the period. Institutional investors and hedge funds own 90.04% of the company’s stock.
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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