Chipotle Mexican Grill, Inc. (NYSE:CMG) – Research analysts at Oppenheimer Holdings decreased their Q4 2017 earnings per share estimates for Chipotle Mexican Grill in a report issued on Tuesday. Oppenheimer Holdings analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $1.64 for the quarter, down from their previous forecast of $1.83. Oppenheimer Holdings has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Chipotle Mexican Grill’s FY2018 earnings at $9.08 EPS and FY2019 earnings at $12.22 EPS.

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

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Other equities analysts have also recently issued reports about the stock. Nomura dropped their price objective on shares of Chipotle Mexican Grill from $510.00 to $480.00 in a research note on Tuesday, June 20th. Mizuho started coverage on shares of Chipotle Mexican Grill in a research note on Thursday, June 8th. They issued a “buy” rating and a $533.00 price objective for the company. Vetr raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price objective for the company in a research note on Tuesday, May 30th. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $447.88 to $550.00 in a research note on Thursday, May 25th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $550.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, June 22nd. Five investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $402.27.

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 308.79 on Thursday. The firm has a market cap of $8.80 billion, a P/E ratio of 66.38 and a beta of 0.62. The firm has a 50 day moving average price of $346.84 and a 200-day moving average price of $419.75. Chipotle Mexican Grill has a one year low of $296.00 and a one year high of $499.00. Chipotle Mexican Grill also was the target of unusually large options trading activity on Wednesday. Stock investors bought 17,681 put options on the company. This is an increase of 122% compared to the typical volume of 7,974 put options.

Hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC bought a new stake in Chipotle Mexican Grill during the second quarter valued at $10,887,000. Toronto Dominion Bank increased its stake in Chipotle Mexican Grill by 24.7% in the second quarter. Toronto Dominion Bank now owns 9,676 shares of the restaurant operator’s stock valued at $4,025,000 after buying an additional 1,914 shares in the last quarter. Cetera Investment Advisers increased its stake in Chipotle Mexican Grill by 7.8% in the second quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 56 shares in the last quarter. Advisory Services Network LLC increased its stake in Chipotle Mexican Grill by 945.1% in the second quarter. Advisory Services Network LLC now owns 951 shares of the restaurant operator’s stock valued at $396,000 after buying an additional 860 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Chipotle Mexican Grill during the second quarter valued at $313,000. 98.37% of the stock is currently 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.

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

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