Chipotle Mexican Grill, Inc. (CMG) Expected to Earn Q1 2019 Earnings of $2.45 Per Share
Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities researchers at Wedbush issued their Q1 2019 earnings per share estimates for Chipotle Mexican Grill in a note issued to investors on Wednesday. Wedbush analyst N. Setyan expects that the restaurant operator will post earnings per share of $2.45 for the quarter. Wedbush has a “Neutral” rating and a $290.00 price objective on the stock. Wedbush also issued estimates for Chipotle Mexican Grill’s Q2 2019 earnings at $3.10 EPS and Q3 2019 earnings at $2.37 EPS.
Other analysts have also issued research reports about the company. UBS AG decreased their price objective on Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating for the company in a report on Tuesday, June 27th. BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a report on Friday, July 21st. Bank of America Corporation reiterated a “neutral” rating and set a $390.00 price objective (down previously from $425.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. BidaskClub lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, Wells Fargo & Company lowered Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $470.00 to $375.00 in a report on Wednesday, July 19th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $392.13.
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Chipotle Mexican Grill (NYSE:CMG) traded up 0.77% during mid-day trading on Thursday, hitting $313.90. The company’s stock had a trading volume of 553,573 shares. The company has a market cap of $8.95 billion, a P/E ratio of 67.48 and a beta of 0.60. The firm’s 50-day moving average is $310.12 and its 200-day moving average is $396.20. Chipotle Mexican Grill has a 12-month low of $295.11 and a 12-month high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.16. The business had revenue of $1.17 billion during 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 company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in CMG. FNY Managed Accounts LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $107,000. Korea Investment CORP increased its stake in shares of Chipotle Mexican Grill by 140.2% during the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after acquiring an additional 157 shares during the period. Harbour Capital Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth about $121,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Chipotle Mexican Grill by 84.5% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after acquiring an additional 169 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Chipotle Mexican Grill by 6.7% during the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock worth $177,000 after acquiring an additional 25 shares during the period. 90.04% of the stock is owned by hedge funds and other institutional investors.
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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