Chipotle Mexican Grill Inc. (NYSE:CMG) – Research analysts at SunTrust Banks dropped their Q3 2016 earnings per share (EPS) estimates for Chipotle Mexican Grill in a report issued on Wednesday. SunTrust Banks analyst J. Bartlett now anticipates that the firm will post earnings per share of $1.37 for the quarter, down from their previous forecast of $1.69. SunTrust Banks currently has a “Buy” rating and a $550.00 target price on the stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s FY2016 earnings at $3.04 EPS.

A number of other equities research analysts also recently issued reports on the stock. Vetr upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $446.39 price objective on the stock in a research note on Tuesday, August 9th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $490.00 price objective (down from $500.00) on shares of Chipotle Mexican Grill in a research note on Thursday, June 23rd. Morgan Stanley reiterated a “hold” rating and set a $405.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, August 18th. BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Sunday, July 24th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $500.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, June 21st. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $477.69.

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

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 393.96 on Monday. The stock’s 50 day moving average is $417.32 and its 200 day moving average is $422.23. Chipotle Mexican Grill has a 12 month low of $384.77 and a 12 month high of $669.11. The firm has a market cap of $11.47 billion, a PE ratio of 56.76 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly 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 return on equity of 11.22% and a net margin of 5.24%. The business had revenue of $998.40 million for the quarter, compared to analyst estimates of $1.06 billion.

Hedge funds have recently bought and sold shares of the company. AMP Capital Investors Ltd boosted its stake in Chipotle Mexican Grill by 10.6% in the first quarter. AMP Capital Investors Ltd now owns 13,254 shares of the company’s stock worth $6,179,000 after buying an additional 1,275 shares during the period. Reynolds Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the first quarter worth approximately $330,000. Geode Capital Management LLC boosted its stake in Chipotle Mexican Grill by 3.7% in the first quarter. Geode Capital Management LLC now owns 261,402 shares of the company’s stock worth $122,878,000 after buying an additional 9,315 shares during the period. Marsico Capital Management LLC boosted 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 during the period. Finally, AXA boosted its stake in Chipotle Mexican Grill by 5.6% in the first quarter. AXA now owns 103,531 shares of the company’s stock worth $48,760,000 after buying an additional 5,493 shares during the period. Institutional investors and hedge funds own 96.62% 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.

5 Day Chart for NYSE:CMG

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