Chipotle Mexican Grill Inc. Expected to Earn Q3 2016 Earnings of $1.37 Per Share (CMG)
Chipotle Mexican Grill Inc. (NYSE:CMG) – Investment analysts at SunTrust Banks cut their Q3 2016 earnings per share (EPS) estimates for Chipotle Mexican Grill in a research note issued on Wednesday. SunTrust Banks analyst J. Bartlett now forecasts that the brokerage will post earnings per share of $1.37 for the quarter, down from their prior forecast of $1.69. SunTrust Banks has a “Buy” rating and a $550.00 price target on the stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s FY2016 earnings at $3.04 EPS.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by $0.06. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. The business earned $998.40 million during the quarter, compared to analyst estimates of $1.06 billion.
CMG has been the topic of several other reports. Wedbush reiterated an “underperform” rating and issued a $370.00 price target (down from $400.00) on shares of Chipotle Mexican Grill in a research note on Monday. Goldman Sachs Group Inc. lowered their price objective on shares of Chipotle Mexican Grill from $490.00 to $445.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 19th. Jefferies Group restated a “sell” rating on shares of Chipotle Mexican Grill in a research note on Friday, August 5th. Citigroup Inc. boosted their price objective on shares of Chipotle Mexican Grill from $488.00 to $517.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Finally, Vetr lowered shares of Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $449.21 price objective on the stock. in a research note on Tuesday, July 12th. Seven equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $478.83.
Chipotle Mexican Grill (NYSE:CMG) opened at 394.35 on Monday. The company has a 50-day moving average of $418.15 and a 200 day moving average of $422.73. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 56.81 and a beta of 0.60. Chipotle Mexican Grill has a 52-week low of $384.77 and a 52-week high of $720.50.
Several large investors have recently bought and sold shares of CMG. Ruane Cunniff & Goldfarb Inc. raised its stake in Chipotle Mexican Grill by 522.5% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 584,367 shares of the company’s stock worth $235,360,000 after buying an additional 490,487 shares in the last quarter. Generation Investment Management LLP purchased a new stake in Chipotle Mexican Grill during the second quarter worth approximately $230,936,000. TIAA CREF Investment Management LLC raised its stake in Chipotle Mexican Grill by 17.3% in the second quarter. TIAA CREF Investment Management LLC now owns 428,415 shares of the company’s stock worth $172,548,000 after buying an additional 63,204 shares in the last quarter. Marsico Capital Management LLC raised its stake in Chipotle Mexican Grill by 2.0% in the first quarter. Marsico Capital Management LLC now owns 372,629 shares of the company’s stock worth $175,497,000 after buying an additional 7,248 shares in the last quarter. Finally, BlackRock Advisors LLC raised its stake in Chipotle Mexican Grill by 63.6% in the second quarter. BlackRock Advisors LLC now owns 342,178 shares of the company’s stock worth $137,816,000 after buying an additional 132,993 shares in the last quarter. 96.62% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.