Chipotle Mexican Grill, Inc. (NYSE:CMG) Forecasted to Earn FY2017 Earnings of $8.55 Per Share
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.
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.
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