Chipotle Mexican Grill, Inc. Expected to Earn Q1 2018 Earnings of $2.04 Per Share (CMG)
Chipotle Mexican Grill, Inc. (NYSE:CMG) – Stock analysts at Oppenheimer issued their Q1 2018 earnings estimates for Chipotle Mexican Grill in a report issued on Thursday. Oppenheimer analyst B. Bittner anticipates that the restaurant operator will earn $2.04 per share for the quarter. Oppenheimer also issued estimates for Chipotle Mexican Grill’s Q2 2018 earnings at $3.46 EPS, Q3 2018 earnings at $2.33 EPS, Q4 2018 earnings at $2.06 EPS, FY2018 earnings at $9.89 EPS and FY2019 earnings at $11.71 EPS.
Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.91). The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS.
A number of other research analysts also recently commented on CMG. Goldman Sachs Group reissued a “neutral” rating and set a $360.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, September 20th. Maxim Group reissued a “buy” rating and set a $435.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, September 21st. Mizuho reissued a “buy” rating and set a $450.00 target price on shares of Chipotle Mexican Grill in a research report on Saturday, September 23rd. Cowen reissued an “underperform” rating and set a $250.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, September 25th. Finally, Zacks Investment Research downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 26th. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $357.00.
Chipotle Mexican Grill (NYSE:CMG) opened at $313.79 on Monday. The company has a market cap of $8,859.21, a PE ratio of 60.81, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50. Chipotle Mexican Grill has a 12-month low of $263.00 and a 12-month high of $499.00.
Hedge funds have recently added to or reduced their stakes in the stock. Harbor Advisors LLC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter worth approximately $462,000. Wells Fargo & Company MN boosted its stake in Chipotle Mexican Grill by 0.5% in the 2nd quarter. Wells Fargo & Company MN now owns 97,118 shares of the restaurant operator’s stock worth $40,410,000 after purchasing an additional 438 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Chipotle Mexican Grill by 332.5% in the 3rd quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock worth $49,782,000 after purchasing an additional 124,330 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Chipotle Mexican Grill by 11.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 360,227 shares of the restaurant operator’s stock worth $149,890,000 after purchasing an additional 37,425 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Chipotle Mexican Grill in the 2nd quarter worth approximately $11,235,000. Institutional investors own 88.43% of the company’s stock.
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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.
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