Chipotle Mexican Grill, Inc. to Post FY2017 Earnings of $6.48 Per Share, Oppenheimer Forecasts (CMG)

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.

Several other analysts have also commented on CMG. ValuEngine lowered shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. BMO Capital Markets reissued a “market perform” rating and set a $275.00 target price (down from $330.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 25th. Robert W. Baird set a $300.00 price target on shares of Chipotle Mexican Grill and gave the company a “hold” rating in a report on Wednesday, October 25th. Canaccord Genuity cut their price target on shares of Chipotle Mexican Grill from $400.00 to $325.00 and set a “hold” rating on the stock in a report on Wednesday, October 25th. Finally, SunTrust Banks set a $355.00 price target on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a report on Wednesday, October 25th. Six analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill presently has an average rating of “Hold” and an average price target of $357.00.

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.

WARNING: This piece was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/01/05/chipotle-mexican-grill-inc-to-post-fy2017-earnings-of-6-48-per-share-oppenheimer-forecasts-cmg.html.

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)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply