Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities researchers at CLSA upped their FY2017 earnings estimates for Chipotle Mexican Grill in a research report issued on Tuesday. CLSA analyst J. Scott now expects that the firm will post earnings per share of $10.33 for the year, up from their prior estimate of $9.84. CLSA also issued estimates for Chipotle Mexican Grill’s FY2018 earnings at $15.36 EPS.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 25th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by $1.32. Chipotle Mexican Grill had a net margin of 1.94% and a return on equity of 5.46%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $13.71 million. During the same quarter last year, the firm posted $4.59 EPS. The firm’s quarterly revenue was down 14.8% compared to the same quarter last year.

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Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

A number of other analysts have also weighed in on CMG. Vetr upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $431.18 price objective on the stock in a research note on Thursday, September 15th. Buckingham Research reiterated a “buy” rating and issued a $547.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, September 16th. Zacks Investment Research lowered shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 20th. Goldman Sachs Group, Inc. (The) cut their price objective on shares of Chipotle Mexican Grill from $445.00 to $395.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 21st. Finally, Maxim Group reiterated a “sell” rating and issued a $325.00 price objective (up previously from $300.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 12th. Six investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $424.49.

Chipotle Mexican Grill (NYSE:CMG) traded up 0.15% on Friday, hitting $409.97. 452,951 shares of the company were exchanged. Chipotle Mexican Grill has a 52 week low of $352.96 and a 52 week high of $542.50. The firm’s 50 day moving average is $389.22 and its 200 day moving average is $402.41. The company has a market capitalization of $11.87 billion, a P/E ratio of 165.58 and a beta of 0.61.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Generation Investment Management LLP purchased a new position in shares of Chipotle Mexican Grill during the second quarter worth about $230,936,000. Pershing Square Capital Management L.P. purchased a new position in shares of Chipotle Mexican Grill during the third quarter worth about $234,709,000. Morgan Stanley increased its position in shares of Chipotle Mexican Grill by 326.0% in the third quarter. Morgan Stanley now owns 459,967 shares of the company’s stock worth $194,797,000 after buying an additional 351,995 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Chipotle Mexican Grill during the second quarter worth about $81,768,000. Finally, Adage Capital Partners GP L.L.C. increased its position in shares of Chipotle Mexican Grill by 325.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 191,110 shares of the company’s stock worth $76,971,000 after buying an additional 146,200 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.

5 Day Chart for NYSE:CMG

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