Chipotle Mexican Grill, Inc. Forecasted to Post Q1 2018 Earnings of $1.48 Per Share (CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Jefferies Group lowered their Q1 2018 EPS estimates for Chipotle Mexican Grill in a report issued on Tuesday. Jefferies Group analyst A. Barish now expects that the restaurant operator will post earnings per share of $1.48 for the quarter, down from their prior estimate of $1.97. Jefferies Group has a “Positive” rating and a $300.00 price target on the stock. Jefferies Group also issued estimates for Chipotle Mexican Grill’s Q3 2018 earnings at $1.51 EPS, Q4 2018 earnings at $1.33 EPS and FY2018 earnings at $6.63 EPS.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $0.55 EPS. Chipotle Mexican Grill’s revenue was up 7.3% on a year-over-year basis.

Other research analysts have also issued research reports about the company. SunTrust Banks set a $390.00 price target on Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Thursday, October 19th. Maxim Group reduced their price target on Chipotle Mexican Grill from $435.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 19th. Barclays reduced their price target on Chipotle Mexican Grill from $370.00 to $325.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 18th. Finally, Morgan Stanley dropped their price objective on Chipotle Mexican Grill from $350.00 to $310.00 and set an “equal weight” rating for the company in a report on Wednesday, October 25th. They noted that the move was a valuation call. Ten analysts have rated the stock with a sell rating, twenty-two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $350.28.

Chipotle Mexican Grill (NYSE CMG) opened at $266.01 on Friday. Chipotle Mexican Grill has a 52 week low of $263.00 and a 52 week high of $499.00. The firm has a market capitalization of $7,685.28, a price-to-earnings ratio of 43.18, a price-to-earnings-growth ratio of 1.57 and a beta of 0.59.

Several hedge funds have recently modified their holdings of CMG. First Interstate Bank lifted its position in shares of Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after purchasing an additional 250 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Chipotle Mexican Grill by 75.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock worth $165,000 after purchasing an additional 246 shares during the last quarter. Mercer Capital Advisers Inc. bought a new position in Chipotle Mexican Grill in the third quarter worth about $183,000. SeaCrest Wealth Management LLC bought a new position in Chipotle Mexican Grill in the fourth quarter worth about $197,000. Finally, Pacer Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 43.2% in the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock worth $219,000 after acquiring an additional 215 shares during the last quarter. 88.01% of the stock is currently owned by institutional investors and hedge funds.

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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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