Chipotle Mexican Grill (NYSE:CMG) – Investment analysts at William Blair cut their Q2 2018 earnings per share estimates for shares of Chipotle Mexican Grill in a research note issued on Wednesday, April 25th. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings of $2.71 per share for the quarter, down from their prior estimate of $2.81. William Blair currently has a “Hold” rating on the stock. William Blair also issued estimates for Chipotle Mexican Grill’s Q3 2018 earnings at $1.81 EPS and FY2018 earnings at $7.88 EPS.

CMG has been the topic of a number of other reports. ValuEngine lowered shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Maxim Group restated a “buy” rating and set a $425.00 target price (up from $400.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 18th. Royal Bank of Canada raised their target price on shares of Chipotle Mexican Grill to $340.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 17th. Vetr lowered shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating and set a $311.43 target price on the stock. in a research report on Monday, April 2nd. Finally, SunTrust Banks raised their target price on shares of Chipotle Mexican Grill to $410.00 and gave the stock a “buy” rating in a research report on Thursday. Six analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $353.23.

Shares of Chipotle Mexican Grill stock opened at $427.35 on Friday. The company has a market capitalization of $9,482.88, a price-to-earnings ratio of 64.75, a P/E/G ratio of 2.34 and a beta of 0.55. Chipotle Mexican Grill has a 52 week low of $247.51 and a 52 week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 25th. The restaurant operator reported $2.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.56. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Chipotle Mexican Grill had a net margin of 4.16% and a return on equity of 14.41%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 earnings per share.

In other news, Director Ali Namvar purchased 3,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was acquired at an average price of $317.70 per share, with a total value of $953,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pershing Square Capital Manage purchased 420,322 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $318.14 per share, with a total value of $133,721,241.08. The disclosure for this purchase can be found here. In the last three months, insiders acquired 423,822 shares of company stock valued at $134,819,781. 2.19% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in CMG. Sharkey Howes & Javer raised its stake in shares of Chipotle Mexican Grill by 953.9% during the 4th quarter. Sharkey Howes & Javer now owns 12,647 shares of the restaurant operator’s stock worth $115,000 after buying an additional 11,447 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in shares of Chipotle Mexican Grill by 1,356.7% during the 4th quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock worth $126,000 after buying an additional 407 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Chipotle Mexican Grill by 75.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock worth $165,000 after buying an additional 246 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $197,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Chipotle Mexican Grill by 71.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 766 shares of the restaurant operator’s stock worth $221,000 after buying an additional 318 shares during the last quarter. 84.45% 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. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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

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