Chipotle Mexican Grill, Inc. (NYSE:CMG) – Oppenheimer lowered their Q1 2018 earnings per share estimates for Chipotle Mexican Grill in a research note issued on Wednesday. Oppenheimer analyst B. Bittner now expects that the restaurant operator will earn $1.56 per share for the quarter, down from their previous estimate of $2.22. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Chipotle Mexican Grill’s Q2 2018 earnings at $2.84 EPS, Q4 2018 earnings at $1.94 EPS, FY2018 earnings at $8.23 EPS and FY2019 earnings at $10.27 EPS.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS.
Chipotle Mexican Grill (NYSE:CMG) opened at $266.01 on Friday. The stock has a market cap of $7,685.28, a price-to-earnings ratio of 43.18, a price-to-earnings-growth ratio of 1.57 and a beta of 0.59. Chipotle Mexican Grill has a fifty-two week low of $263.00 and a fifty-two week high of $499.00.
Several institutional investors and hedge funds have recently made changes to their positions in CMG. First Interstate Bank increased its position in shares of Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after buying an additional 250 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of Chipotle Mexican Grill by 75.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after buying an additional 246 shares during the period. Mercer Capital Advisers Inc. bought a new stake in shares of Chipotle Mexican Grill during the third quarter valued at about $183,000. SeaCrest Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $197,000. Finally, Pacer Advisors Inc. increased its position in shares of Chipotle Mexican Grill by 43.2% during the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock valued at $219,000 after buying an additional 215 shares during the period. Hedge funds and other institutional investors own 88.01% 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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