Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities research analysts at Oppenheimer issued their Q1 2018 EPS estimates for shares of Chipotle Mexican Grill in a research note issued on Thursday, Zacks Investment Research reports. Oppenheimer analyst B. Bittner expects that the restaurant operator will earn $2.04 per share for the quarter. Oppenheimer also issued estimates for Chipotle Mexican Grill’s Q2 2018 earnings at $3.46 EPS, Q3 2018 earnings at $2.33 EPS, Q4 2018 earnings at $2.06 EPS, FY2018 earnings at $9.89 EPS and FY2019 earnings at $11.71 EPS.
Other research analysts also recently issued research reports about the company. Telsey Advisory Group downgraded Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $370.00 to $330.00 in a research note on Wednesday, October 25th. Deutsche Bank set a $240.00 price target on Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Wednesday, October 25th. SunTrust Banks set a $355.00 price target on Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Wednesday, October 25th. Wedbush reiterated a “hold” rating and issued a $290.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $325.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, November 29th. Six investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Chipotle Mexican Grill presently has an average rating of “Hold” and a consensus price target of $357.00.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS.
Institutional investors have recently made changes to their positions in the stock. Griffin Asset Management Inc. bought a new stake in Chipotle Mexican Grill during the third quarter worth $524,000. Harbor Advisors LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter valued at $462,000. Wells Fargo & Company MN grew its stake in Chipotle Mexican Grill by 0.5% in the 2nd quarter. Wells Fargo & Company MN now owns 97,118 shares of the restaurant operator’s stock valued at $40,410,000 after purchasing an additional 438 shares during the period. Janus Henderson Group PLC grew its stake in Chipotle Mexican Grill by 332.5% in the 3rd quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock valued at $49,782,000 after purchasing an additional 124,330 shares during the period. Finally, TIAA CREF Investment Management LLC grew its stake in Chipotle Mexican Grill by 11.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 360,227 shares of the restaurant operator’s stock valued at $149,890,000 after purchasing an additional 37,425 shares during the period. Institutional investors and hedge funds own 88.43% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece was reported by BBNS and is the property of of BBNS. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://baseballnewssource.com/markets/chipotle-mexican-grill-inc-expected-to-earn-q1-2018-earnings-of-2-04-per-share-cmg/1812534.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with our FREE daily email newsletter.