Chipotle Mexican Grill Inc. to Post Q3 2016 Earnings of $1.37 Per Share, SunTrust Banks Forecasts (CMG)
Chipotle Mexican Grill Inc. (NYSE:CMG) – Equities researchers at SunTrust Banks reduced their Q3 2016 EPS estimates for shares of Chipotle Mexican Grill in a research report issued on Wednesday. SunTrust Banks analyst J. Bartlett now anticipates that the brokerage will post earnings per share of $1.37 for the quarter, down from their prior forecast of $1.69. SunTrust Banks currently has a “Buy” rating and a $550.00 price objective on the stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s FY2016 earnings at $3.04 EPS.
A number of other equities research analysts have also recently commented on CMG. Credit Suisse Group AG reaffirmed a “buy” rating and set a $500.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, June 21st. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $490.00 price objective (down from $500.00) on shares of Chipotle Mexican Grill in a research note on Thursday, June 23rd. Vetr cut Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $452.14 price objective for the company. in a research note on Thursday, June 23rd. Zacks Investment Research cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, June 29th. Seven research analysts have rated the stock with a sell rating, twenty have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $480.65.
Chipotle Mexican Grill (NYSE:CMG) opened at 404.14 on Monday. The stock’s 50 day moving average price is $418.85 and its 200-day moving average price is $423.85. Chipotle Mexican Grill has a one year low of $384.77 and a one year high of $725.17. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 58.23 and a beta of 0.60.
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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 the Zacks’ consensus estimate of $0.93 by $0.06. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. The firm had revenue of $998.40 million for the quarter, compared to analysts’ expectations of $1.06 billion.
A number of hedge funds and other institutional investors have recently made changes to their positions in CMG. ING Groep NV raised its position in shares of Chipotle Mexican Grill by 18.1% in the first quarter. ING Groep NV now owns 2,207 shares of the company’s stock valued at $1,040,000 after buying an additional 338 shares in the last quarter. Aviva PLC increased its stake in shares of Chipotle Mexican Grill by 0.4% in the first quarter. Aviva PLC now owns 15,699 shares of the company’s stock worth $7,394,000 after buying an additional 69 shares during the last quarter. BB&T Securities LLC increased its stake in shares of Chipotle Mexican Grill by 16.0% in the first quarter. BB&T Securities LLC now owns 1,052 shares of the company’s stock worth $495,000 after buying an additional 145 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Chipotle Mexican Grill by 859.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,228 shares of the company’s stock worth $17,063,000 after buying an additional 32,451 shares during the last quarter. Finally, Miles Capital Inc. acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $426,000. 96.66% of the stock is owned by institutional investors and hedge funds.
Chipotle Mexican Grill Company Profile
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.
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