SunTrust Banks Comments on Chipotle Mexican Grill Inc.’s Q4 2016 Earnings (CMG)
Chipotle Mexican Grill Inc. (NYSE:CMG) – Equities research analysts at SunTrust Banks reduced their Q4 2016 earnings per share (EPS) estimates for shares of Chipotle Mexican Grill in a report issued on Wednesday. SunTrust Banks analyst J. Bartlett now anticipates that the firm will earn $1.72 per share for the quarter, down from their previous forecast of $1.83. SunTrust Banks currently has a “Buy” rating and a $550.00 price target on the stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s FY2017 earnings at $11.34 EPS and FY2018 earnings at $15.33 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 consensus estimate of $0.93 by $0.06. The company earned $998.40 million during the quarter, compared to analyst estimates of $1.06 billion. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%.
A number of other research firms also recently commented on CMG. BTIG Research restated a “neutral” rating on shares of Chipotle Mexican Grill in a report on Wednesday, June 29th. Piper Jaffray Cos. restated an “overweight” rating and issued a $590.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, July 26th. Vetr upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $463.93 price objective on the stock in a report on Tuesday, July 26th. Barclays PLC restated an “equal weight” rating and issued a $395.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, September 8th. Finally, Zacks Investment Research downgraded Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. 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’s stock. Chipotle Mexican Grill currently has a consensus rating of “Hold” and an average price target of $480.65.
Chipotle Mexican Grill (NYSE:CMG) traded down 1.45% during mid-day trading on Friday, reaching $403.86. 689,811 shares of the company traded hands. Chipotle Mexican Grill has a 52-week low of $384.77 and a 52-week high of $728.24. The stock has a 50 day moving average price of $419.11 and a 200-day moving average price of $424.36. The company has a market capitalization of $11.76 billion, a P/E ratio of 58.18 and a beta of 0.60.
A number of large investors have recently added to or reduced their stakes in the stock. 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 last quarter. Van ECK Associates Corp raised 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 valued at $121,000 after buying an additional 53 shares during the period. Global X Management Co. LLC raised 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 valued at $132,000 after buying an additional 270 shares during the period. Cribstone Capital Management LLC bought a new position in Chipotle Mexican Grill during the second quarter valued at $145,000. Finally, Carnick & Kubik LLC bought a new position in Chipotle Mexican Grill during the first quarter valued at $160,000. Hedge funds and other institutional investors own 96.66% of the company’s stock.
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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