Chipotle Mexican Grill Inc. (NYSE:CMG) – Research analysts at SunTrust Banks decreased their Q4 2016 EPS estimates for Chipotle Mexican Grill in a research note issued on Wednesday. SunTrust Banks analyst J. Bartlett now anticipates that the brokerage will post earnings per share of $1.72 for the quarter, down from their previous estimate of $1.83. SunTrust Banks currently has a “Buy” rating and a $550.00 price objective on the stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s FY2017 earnings at $11.34 EPS and FY2018 earnings at $15.33 EPS.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.87 earnings per share 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 net margin of 5.24% and a return on equity of 11.22%.
A number of other research analysts have also recently weighed in on CMG. BTIG Research reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, June 29th. Jefferies Group reissued an “underperform” rating and set a $330.00 target price (down previously from $350.00) on shares of Chipotle Mexican Grill in a research note on Monday, July 25th. Vetr downgraded Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $448.48 target price on the stock. in a research note on Wednesday, June 29th. Cowen and Company reissued a “hold” rating on shares of Chipotle Mexican Grill in a research note on Monday, July 18th. Finally, Robert W. Baird reissued a “neutral” rating and set a $435.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, July 25th. Seven analysts have rated the stock with a sell rating, twenty have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $480.65.
Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 404.14 on Friday. The stock’s 50 day moving average price is $418.85 and its 200-day moving average price is $423.85. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 58.23 and a beta of 0.60. Chipotle Mexican Grill has a 1-year low of $384.77 and a 1-year high of $725.17.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. WFG Advisors LP increased its stake in shares of Chipotle Mexican Grill by 7.2% in the second quarter. WFG Advisors LP now owns 298 shares of the company’s stock worth $120,000 after buying an additional 20 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Chipotle Mexican Grill by 21.4% in the second quarter. Van ECK Associates Corp now owns 301 shares of the company’s stock worth $121,000 after buying an additional 53 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Chipotle Mexican Grill by 473.7% in the second quarter. Global X Management Co. LLC now owns 327 shares of the company’s stock worth $132,000 after buying an additional 270 shares in the last quarter. Cribstone Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth about $145,000. Finally, Carnick & Kubik LLC acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth about $160,000. 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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