Chipotle Mexican Grill, Inc. (NYSE:CMG) – Investment analysts at Wedbush dropped their Q3 2017 earnings per share (EPS) estimates for shares of Chipotle Mexican Grill in a research note issued to investors on Wednesday. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $1.47 for the quarter, down from their prior estimate of $2.30. Wedbush currently has a “Neutral” rating and a $290.00 price target on the stock. Wedbush also issued estimates for Chipotle Mexican Grill’s Q4 2017 earnings at $1.85 EPS, FY2017 earnings at $7.24 EPS, Q1 2018 earnings at $1.87 EPS, Q2 2018 earnings at $2.54 EPS, Q3 2018 earnings at $1.94 EPS, Q4 2018 earnings at $2.51 EPS, FY2018 earnings at $8.86 EPS and FY2019 earnings at $10.90 EPS.

CMG has been the topic of a number of other research reports. Piper Jaffray Companies set a $510.00 price objective on Chipotle Mexican Grill and gave the stock a “buy” rating in a report on Wednesday. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Chipotle Mexican Grill in a report on Tuesday, June 20th. Deutsche Bank AG reaffirmed a “sell” rating and set a $350.00 price objective (up previously from $300.00) on shares of Chipotle Mexican Grill in a report on Monday, July 10th. Robert W. Baird reaffirmed a “hold” rating and set a $385.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, September 1st. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $470.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, July 14th. Seven analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average target price of $392.13.

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Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company earned $0.87 EPS. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year.

Large investors have recently modified their holdings of the company. Carmignac Gestion lifted its position in Chipotle Mexican Grill by 162.5% during the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after buying an additional 319,875 shares during the period. Renaissance Technologies LLC lifted its position in Chipotle Mexican Grill by 169.1% during the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after buying an additional 280,300 shares during the period. American Century Companies Inc. lifted its position in Chipotle Mexican Grill by 59.8% during the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after buying an additional 210,872 shares during the period. APG Asset Management N.V. lifted its position in Chipotle Mexican Grill by 255.5% during the second quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after buying an additional 199,170 shares during the period. Finally, Numeric Investors LLC lifted its position in Chipotle Mexican Grill by 8,366.4% during the second quarter. Numeric Investors LLC now owns 110,910 shares of the restaurant operator’s stock worth $46,150,000 after buying an additional 109,600 shares during the period. Institutional investors and hedge funds own 90.04% 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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