Chipotle Mexican Grill, Inc. (NYSE:CMG) – William Blair upped their FY2018 earnings per share (EPS) estimates for shares of Chipotle Mexican Grill in a report released on Monday. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $9.43 for the year, up from their previous forecast of $9.30. William Blair has a “Hold” rating on the stock. William Blair also issued estimates for Chipotle Mexican Grill’s Q4 2018 earnings at $1.99 EPS and FY2020 earnings at $14.96 EPS.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year.
Chipotle Mexican Grill (NYSE CMG) traded down $13.87 during midday trading on Tuesday, hitting $330.00. The company had a trading volume of 1,438,600 shares, compared to its average volume of 1,050,171. Chipotle Mexican Grill has a one year low of $263.00 and a one year high of $499.00. The company has a market capitalization of $9,270.00, a price-to-earnings ratio of 63.95, a PEG ratio of 2.06 and a beta of 0.50.
Hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in Chipotle Mexican Grill by 4.7% during the second quarter. Ameriprise Financial Inc. now owns 16,197 shares of the restaurant operator’s stock valued at $6,754,000 after acquiring an additional 727 shares during the last quarter. Profund Advisors LLC increased its position in Chipotle Mexican Grill by 22.2% during the second quarter. Profund Advisors LLC now owns 1,151 shares of the restaurant operator’s stock valued at $479,000 after acquiring an additional 209 shares during the last quarter. Thrivent Financial For Lutherans increased its position in Chipotle Mexican Grill by 5.0% during the second quarter. Thrivent Financial For Lutherans now owns 12,600 shares of the restaurant operator’s stock valued at $5,243,000 after acquiring an additional 600 shares during the last quarter. Rafferty Asset Management LLC purchased a new stake in Chipotle Mexican Grill during the second quarter valued at $725,000. Finally, UBS Asset Management Americas Inc. increased its position in Chipotle Mexican Grill by 0.7% during the second quarter. UBS Asset Management Americas Inc. now owns 78,432 shares of the restaurant operator’s stock valued at $32,636,000 after acquiring an additional 514 shares during the last quarter. Hedge funds and other institutional investors own 88.71% 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.
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