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.

Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

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