Chipotle Mexican Grill Inc. (NYSE:CMG) – Equities research analysts at Credit Agricole SA dropped their FY2017 earnings estimates for Chipotle Mexican Grill in a report issued on Wednesday. Credit Agricole SA analyst J. Scott now anticipates that the firm will earn $12.10 per share for the year, down from their prior estimate of $12.27. Credit Agricole SA has a “Outperform” rating and a $460.00 price objective on the stock. Credit Agricole SA also issued estimates for Chipotle Mexican Grill’s FY2018 earnings at $17.28 EPS.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $998.40 million for the quarter, compared to analysts’ expectations of $1.06 billion. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%.
Several other research analysts have also weighed in on the company. Vetr lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating and set a $416.52 target price on the stock. in a research report on Monday. Goldman Sachs Group Inc. dropped their target price on Chipotle Mexican Grill from $445.00 to $395.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 21st. Zacks Investment Research lowered Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 20th. Buckingham Research reaffirmed a “buy” rating and issued a $547.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, September 16th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, September 13th. Seven equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $479.94.
Chipotle Mexican Grill (NYSE:CMG) traded up 1.19% during mid-day trading on Friday, reaching $425.73. The company had a trading volume of 719,764 shares. Chipotle Mexican Grill has a 12 month low of $384.77 and a 12 month high of $757.00. The stock’s 50-day moving average is $411.11 and its 200 day moving average is $427.91. The firm has a market capitalization of $12.40 billion, a P/E ratio of 61.34 and a beta of 0.59.
Several hedge funds have recently added to or reduced their stakes in the stock. Carnick & Kubik Group LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth $308,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth $475,000. Kentucky Retirement Systems acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth $1,000,000. Nomura Holdings Inc. increased its position in shares of Chipotle Mexican Grill by 56.6% in the second quarter. Nomura Holdings Inc. now owns 2,518 shares of the company’s stock worth $1,013,000 after buying an additional 910 shares during the period. Finally, Mason Street Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth $1,584,000. 96.66% of the stock is currently owned by institutional investors and hedge funds.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.
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