Chipotle Mexican Grill, Inc. (NYSE:CMG) – William Blair lowered their Q4 2017 earnings per share (EPS) estimates for shares of Chipotle Mexican Grill in a research report issued on Tuesday. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $1.43 for the quarter, down from their previous forecast of $1.62. William Blair has a “Buy” rating on the stock. William Blair also issued estimates for Chipotle Mexican Grill’s FY2018 earnings at $9.85 EPS, FY2019 earnings at $13.88 EPS and FY2020 earnings at $18.06 EPS.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The business had revenue of $1.17 billion during 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 business’s revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 earnings per share. TRADEMARK VIOLATION WARNING: “Q4 2017 EPS Estimates for Chipotle Mexican Grill, Inc. Cut by Analyst (CMG)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/09/24/q4-2017-eps-estimates-for-chipotle-mexican-grill-inc-cut-by-analyst-cmg.html.

A number of other analysts have also recently commented on CMG. Vetr upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price objective for the company in a research report on Tuesday, May 30th. ValuEngine upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Wedbush restated a “neutral” rating and issued a $450.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 7th. Mizuho assumed coverage on Chipotle Mexican Grill in a research report on Thursday, June 8th. They issued a “buy” rating and a $533.00 price objective for the company. Finally, Maxim Group reaffirmed a “hold” rating and issued a $440.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. 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 company. The stock currently has a consensus rating of “Hold” and a consensus target price of $398.97.

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

A number of hedge funds and other institutional investors have recently modified their holdings of CMG. Nationwide Fund Advisors increased its holdings in Chipotle Mexican Grill by 1.4% during the 1st quarter. Nationwide Fund Advisors now owns 8,077 shares of the restaurant operator’s stock worth $3,598,000 after purchasing an additional 112 shares during the period. Comerica Bank increased its holdings in Chipotle Mexican Grill by 1.9% during the 1st quarter. Comerica Bank now owns 7,702 shares of the restaurant operator’s stock worth $3,712,000 after purchasing an additional 141 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Chipotle Mexican Grill by 6.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 77,918 shares of the restaurant operator’s stock worth $34,714,000 after purchasing an additional 4,890 shares during the period. Sei Investments Co. increased its holdings in Chipotle Mexican Grill by 0.5% during the 1st quarter. Sei Investments Co. now owns 3,765 shares of the restaurant operator’s stock worth $1,678,000 after purchasing an additional 19 shares during the period. Finally, Mutual of America Capital Management LLC increased its holdings in Chipotle Mexican Grill by 4.2% during the 1st quarter. Mutual of America Capital Management LLC now owns 3,689 shares of the restaurant operator’s stock worth $1,644,000 after purchasing an additional 150 shares during the period. Institutional investors own 90.08% of the company’s stock.

About Chipotle Mexican Grill

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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