Brokers Offer Predictions for Chipotle Mexican Grill, Inc.’s Q3 2017 Earnings (CMG)
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.
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.
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