SunTrust Banks Brokers Raise Earnings Estimates for Chipotle Mexican Grill, Inc. (NYSE:CMG)
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.
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