Chipotle Mexican Grill, Inc. (NYSE:CMG) – Stock analysts at William Blair dropped their Q3 2017 earnings per share estimates for shares of Chipotle Mexican Grill in a research note issued on Tuesday. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings of $1.54 per share for the quarter, down from their previous estimate of $1.70. William Blair has a “Buy” rating on the stock. William Blair also issued estimates for Chipotle Mexican Grill’s FY2017 earnings at $6.89 EPS, Q1 2018 earnings at $2.04 EPS, Q2 2018 earnings at $2.96 EPS, Q3 2018 earnings at $2.37 EPS and Q4 2018 earnings at $2.48 EPS.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 earnings per share.

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A number of other equities research analysts have also recently commented on the stock. SunTrust Banks, Inc. reissued a “buy” rating and set a $505.00 target price (down previously from $520.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Wedbush cut shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $470.00 to $370.00 in a research report on Friday, July 21st. Maxim Group raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their target price for the company from $440.00 to $470.00 in a research report on Tuesday, July 18th. Cowen and Company cut shares of Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $370.00 to $250.00 in a research report on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, July 12th. Six equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $398.97.

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 314.31 on Thursday. The company’s 50 day moving average is $318.10 and its 200 day moving average is $407.26. Chipotle Mexican Grill has a 12 month low of $295.11 and a 12 month high of $499.00. The company has a market cap of $8.96 billion, a P/E ratio of 67.56 and a beta of 0.64.

Large investors have recently bought and sold shares of the company. FNY Managed Accounts LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth about $107,000. Korea Investment CORP lifted its stake in shares of Chipotle Mexican Grill by 140.2% in the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after buying an additional 157 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth about $121,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after buying an additional 169 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock worth $177,000 after buying an additional 25 shares in the last quarter. 90.08% of the stock is currently owned by hedge funds and other 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.

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

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