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.

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

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