Q3 2016 EPS Estimates for Chipotle Mexican Grill Inc. Decreased by Analyst (CMG)
Chipotle Mexican Grill Inc. (NYSE:CMG) – Stock analysts at William Blair decreased their Q3 2016 EPS estimates for Chipotle Mexican Grill in a research report issued to clients and investors on Thursday. William Blair analyst S. Zackfia now expects that the brokerage will post earnings of $1.67 per share for the quarter, down from their prior forecast of $1.74. William Blair has a “Buy” rating on the stock. William Blair also issued estimates for Chipotle Mexican Grill’s FY2018 earnings at $15.18 EPS.
Several other research analysts have also issued reports on the company. Vetr lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating and set a $416.52 target price for the company. in a research report on Monday, September 26th. Goldman Sachs Group Inc. dropped their target price on Chipotle Mexican Grill from $445.00 to $395.00 and set a “neutral” rating for the company in a research report on Wednesday, September 21st. Zacks Investment Research lowered Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 20th. Buckingham Research restated a “buy” rating and set a $547.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, September 16th. Finally, Credit Suisse Group AG restated an “outperform” rating and set a $500.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, September 13th. Seven analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $479.94.
Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 429.91 on Monday. The firm’s 50-day moving average price is $416.14 and its 200 day moving average price is $425.45. The stock has a market capitalization of $12.52 billion, a P/E ratio of 61.94 and a beta of 0.60. Chipotle Mexican Grill has a 52 week low of $384.77 and a 52 week high of $757.00.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, July 21st. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by $0.06. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%. The business had revenue of $998.40 million for the quarter, compared to analysts’ expectations of $1.06 billion.
Several hedge funds have recently bought and sold shares of CMG. WFG Advisors LP boosted its stake in Chipotle Mexican Grill by 7.2% in the second quarter. WFG Advisors LP now owns 298 shares of the company’s stock valued at $120,000 after buying an additional 20 shares during the period. Van ECK Associates Corp boosted its position in Chipotle Mexican Grill by 21.4% in the second quarter. Van ECK Associates Corp now owns 301 shares of the company’s stock worth $121,000 after buying an additional 53 shares during the last quarter. Global X Management Co. LLC boosted its position in Chipotle Mexican Grill by 473.7% in the second quarter. Global X Management Co. LLC now owns 327 shares of the company’s stock worth $132,000 after buying an additional 270 shares during the last quarter. Cribstone Capital Management LLC bought a new position in Chipotle Mexican Grill during the second quarter worth $145,000. Finally, Carnick & Kubik LLC bought a new position in Chipotle Mexican Grill during the first quarter worth $160,000. 96.66% of the stock is owned by institutional investors and hedge funds.
Chipotle Mexican Grill Company Profile
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.
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