FY2017 Earnings Estimate for Chipotle Mexican Grill, Inc. Issued By Oppenheimer Holdings (CMG)
Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities researchers at Oppenheimer Holdings dropped their FY2017 EPS estimates for shares of Chipotle Mexican Grill in a note issued to investors on Thursday. Oppenheimer Holdings analyst B. Bittner now forecasts that the restaurant operator will earn $7.47 per share for the year, down from their prior forecast of $7.69. Oppenheimer Holdings currently has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Chipotle Mexican Grill’s FY2018 earnings at $10.33 EPS and FY2019 earnings at $13.13 EPS.
A number of other equities research analysts also recently commented on the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $505.00 price objective (down previously from $520.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Standpoint Research initiated coverage on Chipotle Mexican Grill in a research report on Wednesday, April 19th. They issued a “sell” rating and a $420.00 price objective for the company. Wedbush downgraded Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $470.00 to $370.00 in a research report on Friday, July 21st. BidaskClub downgraded Chipotle Mexican Grill from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Vetr raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price objective for the company in a research report on Tuesday, May 30th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Chipotle Mexican Grill currently has a consensus rating of “Hold” and an average target price of $405.15.
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Shares of Chipotle Mexican Grill (NYSE CMG) traded up 0.41% during trading on Monday, hitting $335.00. The stock had a trading volume of 214,548 shares. The stock’s 50 day moving average is $389.31 and its 200-day moving average is $429.89. Chipotle Mexican Grill has a 12-month low of $328.88 and a 12-month high of $499.00. The company has a market cap of $9.55 billion, a PE ratio of 72.01 and a beta of 0.62.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company posted $0.87 EPS. The company’s quarterly revenue was up 17.1% on a year-over-year basis.
Institutional investors have recently bought and sold shares of the stock. Westpac Banking Corp raised its position in Chipotle Mexican Grill by 143.1% in the second quarter. Westpac Banking Corp now owns 6,815 shares of the restaurant operator’s stock valued at $2,836,000 after buying an additional 4,012 shares during the period. Chicago Equity Partners LLC bought a new position in Chipotle Mexican Grill during the second quarter valued at approximately $345,000. Scout Investments Inc. raised its position in Chipotle Mexican Grill by 31.3% in the second quarter. Scout Investments Inc. now owns 34,375 shares of the restaurant operator’s stock valued at $14,303,000 after buying an additional 8,193 shares during the period. Principal Financial Group Inc. raised its position in Chipotle Mexican Grill by 116.1% in the second quarter. Principal Financial Group Inc. now owns 90,351 shares of the restaurant operator’s stock valued at $37,595,000 after buying an additional 48,536 shares during the period. Finally, BKS Advisors LLC raised its position in Chipotle Mexican Grill by 12.3% in the second quarter. BKS Advisors LLC now owns 965 shares of the restaurant operator’s stock valued at $402,000 after buying an additional 106 shares during the period. 97.27% of the stock is owned by institutional investors.
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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