Chipotle Mexican Grill, Inc. Forecasted to Earn Q1 2018 Earnings of $1.56 Per Share (CMG)

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.

A number of other research firms also recently issued reports on CMG. Credit Suisse Group cut their price objective on shares of Chipotle Mexican Grill from $320.00 to $275.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. Nomura lifted their price objective on shares of Chipotle Mexican Grill from $291.00 to $315.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Wedbush downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating and set a $280.00 price objective on the stock. in a report on Wednesday. Deutsche Bank reaffirmed a “sell” rating and set a $290.00 price objective (up from $240.00) on shares of Chipotle Mexican Grill in a report on Wednesday, January 31st. Finally, Royal Bank of Canada cut their price target on shares of Chipotle Mexican Grill from $440.00 to $330.00 and set a “sector perform” rating on the stock in a report on Friday, October 20th. Ten analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill has a consensus rating of “Hold” and an average target price of $350.28.

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.

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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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