Q1 2018 EPS Estimates for Chipotle Mexican Grill, Inc. Lowered by Analyst (CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Analysts at Jefferies Group reduced their Q1 2018 EPS estimates for Chipotle Mexican Grill in a note issued to investors on Tuesday. Jefferies Group analyst A. Barish now anticipates that the restaurant operator will post earnings of $1.48 per share for the quarter, down from their previous estimate of $1.97. Jefferies Group currently has a “Positive” rating and a $300.00 target price on the stock. Jefferies Group also issued estimates for Chipotle Mexican Grill’s Q3 2018 earnings at $1.51 EPS, Q4 2018 earnings at $1.33 EPS and FY2018 earnings at $6.63 EPS.

Several other analysts have also recently commented on CMG. Credit Suisse Group restated a “neutral” rating and issued a $275.00 target price (down previously from $330.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. Mizuho cut shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating and set a $533.00 target price for the company. in a research note on Wednesday. Robert W. Baird reduced their target price on shares of Chipotle Mexican Grill from $310.00 to $295.00 and set a “neutral” rating for the company in a research note on Wednesday. Goldman Sachs Group restated a “neutral” rating and issued a $285.00 target price (down previously from $330.00) on shares of Chipotle Mexican Grill in a research note on Thursday. Finally, Maxim Group restated a “buy” rating and issued a $410.00 target price (down previously from $425.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. Ten analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $350.28.

Shares of Chipotle Mexican Grill (CMG) opened at $255.46 on Friday. Chipotle Mexican Grill has a 52 week low of $247.51 and a 52 week high of $499.00. The company has a market cap of $6,930.00, a price-to-earnings ratio of 41.47, a PEG ratio of 1.67 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business earned $0.55 EPS. The business’s revenue was up 7.3% on a year-over-year basis.

Large investors have recently bought and sold shares of the business. First Interstate Bank increased its holdings in Chipotle Mexican Grill by 111.1% during the 3rd quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after acquiring an additional 250 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in Chipotle Mexican Grill by 75.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after acquiring an additional 246 shares in the last quarter. Mercer Capital Advisers Inc. purchased a new position in Chipotle Mexican Grill during the 3rd quarter valued at about $183,000. SeaCrest Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $197,000. Finally, Pacer Advisors Inc. increased its holdings in Chipotle Mexican Grill by 43.2% during the 3rd quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock valued at $219,000 after acquiring an additional 215 shares in the last quarter. 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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