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.
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.
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