Chipotle Mexican Grill, Inc. (NYSE:CMG) – SunTrust Banks increased their FY2017 earnings per share (EPS) estimates for Chipotle Mexican Grill in a report released on Tuesday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings of $8.11 per share for the year, up from their previous forecast of $8.00. SunTrust Banks currently has a “Buy” rating and a $505.00 price target on the stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s Q4 2017 earnings at $2.02 EPS, Q1 2018 earnings at $2.68 EPS, Q2 2018 earnings at $3.67 EPS and Q4 2018 earnings at $2.69 EPS.

A number of other analysts also recently weighed in on CMG. Vetr downgraded Chipotle Mexican Grill from a “hold” rating to a “sell” rating and set a $436.84 price target on the stock. in a research note on Monday, April 3rd. Credit Suisse Group restated a “hold” rating and issued a $375.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, April 7th. Jefferies Group LLC restated a “sell” rating and issued a $300.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, April 12th. Maxim Group lifted their price target on Chipotle Mexican Grill from $390.00 to $430.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Finally, OTR Global upgraded Chipotle Mexican Grill to a “positive” rating in a research note on Wednesday, April 19th. Eight investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $405.15.

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Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 349.84 on Friday. Chipotle Mexican Grill has a 52-week low of $336.52 and a 52-week high of $499.00. The stock’s 50 day moving average price is $408.72 and its 200 day moving average price is $432.70. The company has a market capitalization of $10.03 billion, a P/E ratio of 108.21 and a beta of 0.64.

Chipotle Mexican Grill (NYSE:CMG) last released its 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. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company earned $0.87 earnings per share. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMG. FNY Managed Accounts LLC acquired a new position in Chipotle Mexican Grill during the first quarter valued at approximately $107,000. Harbour Capital Advisors LLC acquired a new position in Chipotle Mexican Grill during the first quarter valued at approximately $121,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in 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 during the period. Van ECK Associates Corp boosted its position in 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 during the period. Finally, Sphera Funds Management LTD. acquired a new position in Chipotle Mexican Grill during the first quarter valued at approximately $178,000. Institutional investors and hedge funds own 95.71% of the company’s stock.

Chipotle Mexican Grill Company Profile

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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