Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities researchers at Oppenheimer boosted their Q2 2019 earnings estimates for shares of Chipotle Mexican Grill in a research report issued on Wednesday, April 24th. Oppenheimer analyst B. Bittner now expects that the restaurant operator will earn $3.65 per share for the quarter, up from their prior estimate of $3.01. Oppenheimer has a “Underperform” rating and a $525.00 price target on the stock. Oppenheimer also issued estimates for Chipotle Mexican Grill’s FY2019 earnings at $12.89 EPS and FY2020 earnings at $15.94 EPS.
A number of other equities research analysts also recently issued reports on CMG. Robert W. Baird reiterated a “buy” rating and issued a $525.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, January 3rd. Zacks Investment Research downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. KeyCorp restated an “overweight” rating and set a $525.00 price target (up previously from $500.00) on shares of Chipotle Mexican Grill in a report on Tuesday, January 8th. Royal Bank of Canada raised their price target on shares of Chipotle Mexican Grill from $510.00 to $550.00 and gave the company an “outperform” rating in a report on Thursday, January 10th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $500.00 price target (up previously from $465.00) on shares of Chipotle Mexican Grill in a report on Friday, January 11th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $626.29.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.39. Chipotle Mexican Grill had a net margin of 4.08% and a return on equity of 19.78%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The company’s revenue was up 13.9% compared to the same quarter last year.
In other Chipotle Mexican Grill news, CFO Jack Hartung sold 1,470 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $680.00, for a total value of $999,600.00. Following the sale, the chief financial officer now directly owns 38,002 shares in the company, valued at approximately $25,841,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pershing Square Capital Manage sold 11,980 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $602.45, for a total transaction of $7,217,351.00. The disclosure for this sale can be found here. Insiders sold a total of 51,788 shares of company stock worth $31,629,459 over the last quarter. 2.21% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Horan Capital Advisors LLC. acquired a new stake in Chipotle Mexican Grill in the 1st quarter worth $36,000. CWM LLC acquired a new stake in Chipotle Mexican Grill in the 1st quarter worth $36,000. Bruderman Asset Management LLC acquired a new stake in Chipotle Mexican Grill in the 4th quarter worth $39,000. Captrust Financial Advisors grew its position in Chipotle Mexican Grill by 44.0% in the 4th quarter. Captrust Financial Advisors now owns 167 shares of the restaurant operator’s stock worth $72,000 after purchasing an additional 51 shares during the last quarter. Finally, Huntington National Bank grew its position in Chipotle Mexican Grill by 19.9% in the 4th quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock worth $73,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 93.07% of the company’s stock.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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