Chipotle Mexican Grill, Inc. (NYSE:CMG) – Analysts at Jefferies Group decreased their FY2017 earnings per share estimates for Chipotle Mexican Grill in a research report issued on Tuesday. Jefferies Group analyst A. Barish now expects that the restaurant operator will earn $6.68 per share for the year, down from their prior forecast of $8.12. Jefferies Group has a “Positive” rating and a $300.00 price objective on the stock. Jefferies Group also issued estimates for Chipotle Mexican Grill’s Q4 2017 earnings at $1.43 EPS and FY2018 earnings at $8.54 EPS.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. Chipotle Mexican Grill had a net margin of 1.74% and a return on equity of 5.54%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS.

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CMG has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) reduced their target price on Chipotle Mexican Grill from $440.00 to $375.00 and set a “neutral” rating for the company in a report on Tuesday, July 25th. Maxim Group reaffirmed a “buy” rating and set a $435.00 target price (down previously from $470.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. Cowen and Company reaffirmed a “market perform” rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a report on Friday, July 21st. Credit Suisse Group reaffirmed a “neutral” rating and set a $320.00 target price (down previously from $335.00) on shares of Chipotle Mexican Grill in a report on Friday, August 25th. Finally, Zacks Investment Research lowered Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 26th. Eight equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $356.06.

Shares of Chipotle Mexican Grill (NYSE CMG) opened at 281.52 on Friday. The company has a market cap of $8.03 billion, a PE ratio of 60.52 and a beta of 0.60. The stock has a 50 day moving average of $312.34 and a 200-day moving average of $387.30. Chipotle Mexican Grill has a 12 month low of $270.00 and a 12 month high of $499.00.

A number of hedge funds have recently modified their holdings of the stock. Covenant Asset Management LLC grew its stake in Chipotle Mexican Grill by 0.5% in the second quarter. Covenant Asset Management LLC now owns 2,187 shares of the restaurant operator’s stock worth $910,000 after purchasing an additional 10 shares during the period. Tufton Capital Management grew its stake in Chipotle Mexican Grill by 1.3% in the second quarter. Tufton Capital Management now owns 804 shares of the restaurant operator’s stock worth $335,000 after purchasing an additional 10 shares during the period. Cutter & CO Brokerage Inc. grew its stake in Chipotle Mexican Grill by 1.3% in the second quarter. Cutter & CO Brokerage Inc. now owns 763 shares of the restaurant operator’s stock worth $317,000 after purchasing an additional 10 shares during the period. Simmons Bank grew its stake in Chipotle Mexican Grill by 1.1% in the second quarter. Simmons Bank now owns 1,257 shares of the restaurant operator’s stock worth $523,000 after purchasing an additional 14 shares during the period. Finally, Highland Capital Management LLC grew its stake in Chipotle Mexican Grill by 0.6% in the second quarter. Highland Capital Management LLC now owns 2,961 shares of the restaurant operator’s stock worth $1,232,000 after purchasing an additional 18 shares during the period. 90.01% of the stock is currently owned by 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.

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

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