FY2018 EPS Estimates for Chipotle Mexican Grill, Inc. Decreased by Oppenheimer (CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Analysts at Oppenheimer decreased their FY2018 EPS estimates for Chipotle Mexican Grill in a research note issued on Wednesday, January 9th. Oppenheimer analyst B. Bittner now expects that the restaurant operator will post earnings of $8.26 per share for the year, down from their previous estimate of $8.30. Oppenheimer has a “Underperform” rating and a $400.00 price target on the stock. Oppenheimer also issued estimates for Chipotle Mexican Grill’s Q1 2019 earnings at $2.45 EPS, Q2 2019 earnings at $3.26 EPS, Q3 2019 earnings at $3.05 EPS and Q4 2019 earnings at $2.29 EPS.

Several other analysts also recently weighed in on the company. Canaccord Genuity reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, November 14th. Bank of America set a $340.00 target price on Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Friday, October 26th. Barclays lifted their target price on Chipotle Mexican Grill from $360.00 to $400.00 and gave the company an “equal weight” rating in a research note on Friday, October 26th. TheStreet downgraded Chipotle Mexican Grill from a “b-” rating to a “c” rating in a research note on Thursday, October 25th. Finally, Loop Capital assumed coverage on Chipotle Mexican Grill in a research note on Wednesday, October 24th. They issued a “buy” rating and a $500.00 price objective on the stock. Ten analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $435.91.

Shares of Chipotle Mexican Grill stock opened at $506.95 on Friday. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 76.81, a price-to-earnings-growth ratio of 2.34 and a beta of 0.33. Chipotle Mexican Grill has a 1-year low of $247.51 and a 1-year high of $530.68.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.16. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%.

In other news, Director Pershing Square Capital Manage sold 118,307 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $472.05, for a total transaction of $55,846,819.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.19% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Korea Investment CORP grew its holdings in shares of Chipotle Mexican Grill by 45.4% during the third quarter. Korea Investment CORP now owns 391 shares of the restaurant operator’s stock valued at $178,000 after buying an additional 122 shares in the last quarter. First Hawaiian Bank purchased a new position in shares of Chipotle Mexican Grill during the third quarter valued at $202,000. Magellan Asset Management Ltd grew its holdings in shares of Chipotle Mexican Grill by 710.5% during the third quarter. Magellan Asset Management Ltd now owns 462 shares of the restaurant operator’s stock valued at $210,000 after buying an additional 405 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 348.1% during the third quarter. Global Retirement Partners LLC now owns 484 shares of the restaurant operator’s stock valued at $220,000 after buying an additional 376 shares in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of Chipotle Mexican Grill during the third quarter valued at $227,000. Institutional investors and hedge funds own 91.25% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Featured Story: Book Value Per Share in Stock Trading

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

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply