Q3 2017 EPS Estimates for Chipotle Mexican Grill, Inc. (CMG) Reduced by Analyst
Chipotle Mexican Grill, Inc. (NYSE:CMG) – Analysts at Oppenheimer Holdings dropped their Q3 2017 EPS estimates for shares of Chipotle Mexican Grill in a report issued on Tuesday. Oppenheimer Holdings analyst B. Bittner now anticipates that the restaurant operator will post earnings of $1.51 per share for the quarter, down from their previous estimate of $1.72. Oppenheimer Holdings has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Chipotle Mexican Grill’s FY2017 earnings at $7.07 EPS.
CMG has been the subject of several other reports. Goldman Sachs Group, Inc. (The) reduced their price target on Chipotle Mexican Grill from $440.00 to $375.00 and set a “neutral” rating for the company in a report on Tuesday, July 25th. Maxim Group reissued a “buy” rating and issued a $435.00 price target (down from $470.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. Cowen and Company reissued a “market perform” rating and issued a $440.00 price target on shares of Chipotle Mexican Grill in a report on Friday, July 21st. Vetr raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $460.94 price target for the company in a report on Monday, May 1st. Finally, Barclays PLC raised their price target on Chipotle Mexican Grill from $395.00 to $415.00 and gave the company an “equal weight” rating in a report on Wednesday, April 26th. Seven equities research 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 given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $403.18.
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Shares of Chipotle Mexican Grill (CMG) opened at 305.51 on Wednesday. The company has a 50-day moving average of $357.61 and a 200 day moving average of $422.83. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 65.67 and a beta of 0.62. Chipotle Mexican Grill has a 12-month low of $304.10 and a 12-month high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The company 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 firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS.
Several hedge funds and other institutional investors have recently modified their holdings of CMG. FNY Managed Accounts LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter worth approximately $107,000. Korea Investment CORP boosted its position in Chipotle Mexican Grill by 140.2% in the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after buying an additional 157 shares during the period. Harbour Capital Advisors LLC acquired a new position in Chipotle Mexican Grill during the first quarter valued at approximately $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Chipotle Mexican Grill by 15.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock valued at $140,000 after buying an additional 55 shares during the period. Finally, 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. Institutional investors own 98.37% 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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