Chipotle Mexican Grill, Inc. (NYSE:CMG) – Stock analysts at Oppenheimer dropped their FY2017 earnings per share (EPS) estimates for Chipotle Mexican Grill in a note issued to investors on Thursday. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings of $6.48 per share for the year, down from their prior forecast of $6.70. Oppenheimer also issued estimates for Chipotle Mexican Grill’s Q4 2017 earnings at $1.22 EPS.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.91). Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $0.56 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis.
Shares of Chipotle Mexican Grill (NYSE CMG) opened at $307.11 on Friday. Chipotle Mexican Grill has a one year low of $263.00 and a one year high of $499.00. The company has a market cap of $8,670.00, a P/E ratio of 59.52, a P/E/G ratio of 1.93 and a beta of 0.50.
A number of institutional investors have recently modified their holdings of CMG. AXA raised its stake in shares of Chipotle Mexican Grill by 15.7% in the 3rd quarter. AXA now owns 103,284 shares of the restaurant operator’s stock valued at $31,794,000 after buying an additional 14,000 shares in the last quarter. IFM Investors Pty Ltd acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $263,000. Griffin Asset Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $524,000. Marshfield Associates raised its stake in shares of Chipotle Mexican Grill by 75.7% in the 3rd quarter. Marshfield Associates now owns 197,591 shares of the restaurant operator’s stock valued at $60,824,000 after buying an additional 85,101 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Chipotle Mexican Grill by 15.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,550 shares of the restaurant operator’s stock valued at $3,862,000 after buying an additional 1,701 shares in the last quarter. 88.43% of the stock is owned by hedge funds and other institutional investors.
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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.
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