Q3 2016 EPS Estimates for Chipotle Mexican Grill Inc. Decreased by Analyst (CMG)
Chipotle Mexican Grill Inc. (NYSE:CMG) – Equities research analysts at William Blair lowered their Q3 2016 earnings estimates for shares of Chipotle Mexican Grill in a report issued on Thursday. William Blair analyst S. Zackfia now anticipates that the firm will post earnings per share of $1.67 for the quarter, down from their prior estimate of $1.74. William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Chipotle Mexican Grill’s FY2018 earnings at $15.18 EPS.
A number of other brokerages have also recently commented on CMG. BTIG Research reissued a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, June 29th. Vetr raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $463.15 price objective for the company in a research note on Monday, June 13th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $590.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, July 26th. Barclays PLC reissued an “equal weight” rating and issued a $395.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, September 8th. Finally, Zacks Investment Research cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Seven research analysts have rated the stock with a sell rating, twenty have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $479.94.
Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 429.91 on Monday. Chipotle Mexican Grill has a 1-year low of $384.77 and a 1-year high of $757.00. The company has a 50-day moving average price of $416.14 and a 200-day moving average price of $425.45. The company has a market cap of $12.52 billion, a PE ratio of 61.94 and a beta of 0.60.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/10/q3-2016-eps-estimates-for-chipotle-mexican-grill-inc-decreased-by-analyst-cmg.html
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by $0.06. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%. The business earned $998.40 million during the quarter, compared to the consensus estimate of $1.06 billion.
Large investors have recently added to or reduced their stakes in the stock. WFG Advisors LP raised its stake in Chipotle Mexican Grill by 7.2% in the second quarter. WFG Advisors LP now owns 298 shares of the company’s stock valued at $120,000 after buying an additional 20 shares in the last quarter. Van ECK Associates Corp raised its stake in Chipotle Mexican Grill by 21.4% in the second quarter. Van ECK Associates Corp now owns 301 shares of the company’s stock valued at $121,000 after buying an additional 53 shares in the last quarter. Global X Management Co. LLC raised its stake in Chipotle Mexican Grill by 473.7% in the second quarter. Global X Management Co. LLC now owns 327 shares of the company’s stock valued at $132,000 after buying an additional 270 shares in the last quarter. Cribstone Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the second quarter valued at $145,000. Finally, Carnick & Kubik LLC purchased a new stake in Chipotle Mexican Grill during the first quarter valued at $160,000. Institutional investors own 96.66% of the company’s stock.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.
Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.