Chipotle Mexican Grill, Inc. (NYSE:CMG) – Research analysts at Oppenheimer Holdings lowered their FY2017 EPS estimates for Chipotle Mexican Grill in a report released on Thursday. Oppenheimer Holdings analyst B. Bittner now expects that the restaurant operator will post earnings of $7.47 per share for the year, down from their previous estimate of $7.69. Oppenheimer Holdings has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Chipotle Mexican Grill’s FY2018 earnings at $10.33 EPS and FY2019 earnings at $13.13 EPS.

A number of other research analysts have also weighed in on the stock. Standpoint Research initiated coverage on shares of Chipotle Mexican Grill in a report on Wednesday, April 19th. They issued a “sell” rating and a $420.00 target price for the company. Wedbush lowered shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and cut their target price for the company from $470.00 to $370.00 in a report on Friday, July 21st. Vetr raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 target price for the company in a report on Tuesday, May 30th. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their target price for the company from $447.88 to $550.00 in a report on Thursday, May 25th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $505.00 target price (up from $460.00) on shares of Chipotle Mexican Grill in a report on Wednesday, April 19th. Seven investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $405.15.

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Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 EPS.

Large investors have recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. raised its stake in shares of Chipotle Mexican Grill by 2.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 25,144 shares of the restaurant operator’s stock worth $11,202,000 after buying an additional 521 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $221,000. Gulf International Bank UK Ltd raised its stake in shares of Chipotle Mexican Grill by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 9,197 shares of the restaurant operator’s stock worth $4,097,000 after buying an additional 75 shares during the last quarter. National Pension Service raised its stake in shares of Chipotle Mexican Grill by 9.3% in the first quarter. National Pension Service now owns 28,572 shares of the restaurant operator’s stock worth $12,684,000 after buying an additional 2,422 shares during the last quarter. Finally, Pennsylvania Trust Co acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $267,000. Institutional investors and hedge funds own 97.27% 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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