Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities research analysts at SunTrust Banks reduced their Q1 2018 earnings estimates for shares of Chipotle Mexican Grill in a research report issued on Thursday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will earn $2.62 per share for the quarter, down from their prior forecast of $2.68. SunTrust Banks currently has a “Buy” rating and a $390.00 price objective on the stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s Q2 2018 earnings at $3.40 EPS.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $0.87 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 17.1% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: This story was first posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/23/q1-2018-eps-estimates-for-chipotle-mexican-grill-inc-reduced-by-suntrust-banks-cmg.html.

Several other equities research analysts also recently weighed in on the company. UBS AG decreased their target price on Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating for the company in a research report on Tuesday, June 27th. BTIG Research reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 21st. Bank of America Corporation reaffirmed a “neutral” rating and issued a $390.00 target price (down previously from $425.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Wells Fargo & Company downgraded Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and decreased their target price 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 reaffirmed 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 given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chipotle Mexican Grill currently has an average rating of “Hold” and a consensus target price of $375.66.

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

Several large investors have recently made changes to their positions in the stock. Ahrens Investment Partners LLC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth $234,000. Douglas Lane & Associates LLC raised its holdings in shares of Chipotle Mexican Grill by 66.0% during the third quarter. Douglas Lane & Associates LLC now owns 2,762 shares of the restaurant operator’s stock worth $850,000 after acquiring an additional 1,098 shares in the last quarter. LS Investment Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 17.9% during the third quarter. LS Investment Advisors LLC now owns 1,180 shares of the restaurant operator’s stock worth $363,000 after acquiring an additional 179 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Chipotle Mexican Grill by 90.7% during the third quarter. Assenagon Asset Management S.A. now owns 13,623 shares of the restaurant operator’s stock worth $4,194,000 after acquiring an additional 6,478 shares in the last quarter. Finally, Shell Asset Management Co. raised its holdings in shares of Chipotle Mexican Grill by 218.3% during the third quarter. Shell Asset Management Co. now owns 7,258 shares of the restaurant operator’s stock worth $4,838,000 after acquiring an additional 4,978 shares in the last quarter. Institutional investors and hedge funds own 90.06% of the company’s stock.

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.

Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

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