Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities researchers at William Blair lowered their Q3 2017 earnings per share (EPS) estimates for shares of Chipotle Mexican Grill in a report issued on Tuesday. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings per share of $1.54 for the quarter, down from their previous forecast of $1.70. William Blair has a “Buy” rating on the stock. William Blair also issued estimates for Chipotle Mexican Grill’s FY2017 earnings at $6.89 EPS, Q1 2018 earnings at $2.04 EPS, Q2 2018 earnings at $2.96 EPS, Q3 2018 earnings at $2.37 EPS and Q4 2018 earnings at $2.48 EPS.

Several other brokerages also recently weighed in on CMG. ValuEngine upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their price target for the stock from $447.88 to $550.00 in a report on Thursday, May 25th. Vetr downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating and set a $498.87 price target on the stock. in a report on Monday, June 5th. Wedbush reiterated a “neutral” rating and issued a $450.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, June 7th. Finally, Mizuho assumed coverage on Chipotle Mexican Grill in a report on Thursday, June 8th. They issued a “buy” rating and a $533.00 price target on the stock. Six analysts have rated the stock with a sell rating, twenty-three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $398.97.

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Chipotle Mexican Grill (NYSE:CMG) last issued 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 for the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS.

Several institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $10,887,000. Toronto Dominion Bank raised its position in shares of Chipotle Mexican Grill by 24.7% during the 2nd quarter. Toronto Dominion Bank now owns 9,676 shares of the restaurant operator’s stock valued at $4,025,000 after buying an additional 1,914 shares during the period. Cetera Investment Advisers raised its position in shares of Chipotle Mexican Grill by 7.8% during the 2nd quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 56 shares during the period. Advisory Services Network LLC raised its position in shares of Chipotle Mexican Grill by 945.1% during the 2nd quarter. Advisory Services Network LLC now owns 951 shares of the restaurant operator’s stock valued at $396,000 after buying an additional 860 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at approximately $313,000. Institutional investors and hedge funds own 90.08% 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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