Wedbush Weighs in on Chipotle Mexican Grill, Inc.’s Q1 2019 Earnings (CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Investment analysts at Wedbush issued their Q1 2019 earnings estimates for Chipotle Mexican Grill in a research report issued to clients and investors on Wednesday. Wedbush analyst N. Setyan expects that the restaurant operator will earn $2.45 per share for the quarter. Wedbush currently has a “Neutral” rating and a $290.00 price objective on the stock. Wedbush also issued estimates for Chipotle Mexican Grill’s Q2 2019 earnings at $3.10 EPS and Q3 2019 earnings at $2.37 EPS.

Several other brokerages have also recently commented on CMG. BidaskClub cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Instinet reissued a “neutral” rating and issued a $480.00 price target (down from $510.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Nomura reduced their price target on shares of Chipotle Mexican Grill from $510.00 to $480.00 in a research report on Tuesday, June 20th. Credit Suisse Group reissued a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Finally, BTIG Research reissued a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Seven analysts have rated the stock with a sell rating, twenty-three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill presently has an average rating of “Hold” and an average target price of $392.13.

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Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of the company. Eqis Capital Management Inc. raised its position in shares of Chipotle Mexican Grill by 159.1% during the third quarter. Eqis Capital Management Inc. now owns 3,801 shares of the restaurant operator’s stock worth $1,170,000 after acquiring an additional 2,334 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Chipotle Mexican Grill during the second quarter worth about $10,887,000. Toronto Dominion Bank raised its position in shares of Chipotle Mexican Grill by 24.7% during the second quarter. Toronto Dominion Bank now owns 9,676 shares of the restaurant operator’s stock worth $4,025,000 after acquiring an additional 1,914 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Chipotle Mexican Grill by 7.8% during the second quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 56 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Chipotle Mexican Grill by 945.1% during the second quarter. Advisory Services Network LLC now owns 951 shares of the restaurant operator’s stock worth $396,000 after acquiring an additional 860 shares during the last quarter. Institutional investors 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.

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

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