Chipotle Mexican Grill, Inc. (NYSE:CMG) – Investment analysts at Wedbush upped their FY2017 earnings per share estimates for shares of Chipotle Mexican Grill in a research note issued on Wednesday. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $8.55 for the year, up from their previous estimate of $8.37. Wedbush has a “Neutral” rating and a $390.00 price objective on the stock. Wedbush also issued estimates for Chipotle Mexican Grill’s Q4 2017 earnings at $2.35 EPS.

CMG has been the topic of a number of other research reports. Goldman Sachs Group, Inc. (The) cut their price target on shares of Chipotle Mexican Grill from $440.00 to $375.00 and set a “neutral” rating on the stock in a research note on Tuesday. Maxim Group reaffirmed a “buy” rating and set a $435.00 price target (down previously from $470.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. Cowen and Company reaffirmed a “market perform” rating and set a $440.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Vetr raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $460.94 price target on the stock in a research note on Monday, May 1st. Finally, Barclays PLC increased their price target on shares of Chipotle Mexican Grill from $395.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 26th. Eight equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill presently has an average rating of “Hold” and a consensus price target of $407.27.

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Shares of Chipotle Mexican Grill (CMG) traded up 0.20% during midday trading on Thursday, reaching $341.28. The company’s stock had a trading volume of 278,381 shares. The company has a 50 day moving average of $411.93 and a 200-day moving average of $433.30. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 105.56 and a beta of 0.64. Chipotle Mexican Grill has a 52 week low of $336.52 and a 52 week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.71% and a net margin of 3.17%. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS.

A number of hedge funds have recently modified their holdings of CMG. FNY Managed Accounts LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $107,000. Harbour Capital Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $121,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 169 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 25 shares in the last quarter. Finally, Sphera Funds Management LTD. purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $178,000. Hedge funds and other institutional investors own 95.71% of the company’s stock.

About Chipotle Mexican Grill

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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