Chipotle Mexican Grill Inc. (NYSE:CMG) – Equities researchers at Credit Agricole SA dropped their FY2017 earnings per share estimates for Chipotle Mexican Grill in a research report issued to clients and investors on Wednesday. Credit Agricole SA analyst J. Scott now forecasts that the firm will earn $12.10 per share for the year, down from their prior estimate of $12.27. Credit Agricole SA has a “Outperform” rating and a $460.00 price target on the stock. Credit Agricole SA also issued estimates for Chipotle Mexican Grill’s FY2018 earnings at $17.28 EPS.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by $0.06. The company earned $998.40 million during the quarter, compared to analyst estimates of $1.06 billion. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%.
Other equities analysts have also recently issued research reports about the stock. Oppenheimer Holdings Inc. restated a “” rating on shares of Chipotle Mexican Grill in a research note on Thursday, September 8th. Vetr cut shares of Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $452.14 price objective for the company. in a research note on Thursday, June 23rd. SunTrust Banks Inc. reiterated a “buy” rating and set a $550.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 22nd. Credit Suisse Group AG reiterated a “buy” rating and set a $500.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, June 21st. Finally, Buckingham Research started coverage on shares of Chipotle Mexican Grill in a research report on Thursday, June 16th. They set a “buy” rating and a $547.00 target price for the company. Seven analysts have rated the stock with a sell rating, twenty have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $479.94.
Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 423.50 on Friday. Chipotle Mexican Grill has a 52 week low of $384.77 and a 52 week high of $757.00. The stock has a 50 day moving average of $411.83 and a 200-day moving average of $427.25. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 61.01 and a beta of 0.59.
Large investors have recently made changes to their positions in the stock. WFG Advisors LP boosted its stake in shares of Chipotle Mexican Grill by 7.2% in the second quarter. WFG Advisors LP now owns 298 shares of the company’s stock worth $120,000 after buying an additional 20 shares during the last quarter. Van ECK Associates Corp boosted its stake in Chipotle Mexican Grill by 21.4% in the second quarter. Van ECK Associates Corp now owns 301 shares of the company’s stock valued at $121,000 after buying an additional 53 shares in the last quarter. Global X Management Co. LLC boosted its stake in Chipotle Mexican Grill by 473.7% in the second quarter. Global X Management Co. LLC now owns 327 shares of the company’s stock valued at $132,000 after buying an additional 270 shares in the last quarter. Cribstone Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the second quarter valued at $145,000. Finally, Carnick & Kubik LLC purchased a new stake in Chipotle Mexican Grill during the first quarter valued at $160,000. 96.66% of the stock is owned by institutional investors.
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.
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