Chipotle Mexican Grill, Inc. (NYSE:CMG) – Investment analysts at William Blair lifted their Q1 2018 earnings estimates for Chipotle Mexican Grill in a research report issued to clients and investors on Thursday. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings per share of $2.05 for the quarter, up from their prior estimate of $2.04. William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Chipotle Mexican Grill’s Q2 2018 earnings at $2.97 EPS, Q3 2018 earnings at $2.31 EPS, Q4 2018 earnings at $2.42 EPS, FY2018 earnings at $9.75 EPS, FY2019 earnings at $13.57 EPS and FY2020 earnings at $17.82 EPS.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results 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. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm posted $0.87 earnings per share. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. WARNING: “Q1 2018 EPS Estimates for Chipotle Mexican Grill, Inc. Increased by William Blair (CMG)” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/23/q1-2018-eps-estimates-for-chipotle-mexican-grill-inc-increased-by-william-blair-cmg.html.

Other research analysts have also issued research reports about the stock. UBS AG decreased their target price on shares of Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 27th. BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 21st. Bank of America Corporation reiterated a “neutral” rating and set a $390.00 price target (down previously from $425.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Wells Fargo & Company lowered shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $470.00 to $375.00 in a research report on Wednesday, July 19th. They noted that the move was a valuation call. Finally, Tigress Financial reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Saturday, July 22nd. Eight equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $375.66.

Chipotle Mexican Grill (CMG) opened at 324.76 on Monday. Chipotle Mexican Grill has a 12-month low of $295.11 and a 12-month high of $499.00. The firm has a market capitalization of $9.26 billion, a PE ratio of 69.81 and a beta of 0.60. The stock has a 50 day moving average price of $312.87 and a 200-day moving average price of $390.81.

A number of institutional investors have recently added to or reduced their stakes in CMG. Carmignac Gestion boosted its holdings 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 purchasing an additional 319,875 shares during the last quarter. Renaissance Technologies LLC boosted its holdings 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 purchasing an additional 280,300 shares during the last quarter. American Century Companies Inc. boosted its holdings 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 purchasing an additional 210,872 shares during the last quarter. APG Asset Management N.V. boosted its holdings 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 purchasing an additional 199,170 shares during the last quarter. Finally, Numeric Investors LLC boosted its holdings 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 purchasing an additional 109,600 shares during the last quarter. Institutional investors and hedge funds own 90.06% 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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