Wedbush Analysts Raise Earnings Estimates for Chipotle Mexican Grill, Inc. (CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Research analysts at Wedbush boosted their Q4 2018 earnings per share estimates for shares of Chipotle Mexican Grill in a research note issued to investors on Monday. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $3.32 per share for the quarter, up from their previous estimate of $3.27. Wedbush has a “Neutral” rating and a $450.00 price target on the stock.

Several other research firms also recently commented on CMG. Vetr upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 target price for the company in a research report on Monday, May 15th. ValuEngine upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Stephens raised their target price on Chipotle Mexican Grill from $325.00 to $350.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 26th. Royal Bank of Canada upgraded Chipotle Mexican Grill from a “hold” rating to an “outperform” rating in a research report on Thursday, April 27th. Finally, Nomura restated a “hold” rating and set a $510.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, April 28th. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $450.80.

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

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Chipotle Mexican Grill (CMG) traded up 0.22% during trading on Wednesday, reaching $460.68. 424,432 shares of the company were exchanged. Chipotle Mexican Grill has a 52-week low of $352.96 and a 52-week high of $499.00. The firm’s 50 day moving average is $478.94 and its 200 day moving average is $428.76. The stock has a market capitalization of $13.20 billion, a PE ratio of 142.49 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.32. Chipotle Mexican Grill had a net margin of 0.59% and a return on equity of 2.60%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm posted ($0.88) EPS. Chipotle Mexican Grill’s quarterly revenue was up 28.1% on a year-over-year basis.

Several hedge funds have recently modified their holdings of CMG. BlackRock Inc. raised its stake in shares of Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after buying an additional 2,353,372 shares during the period. FMR LLC raised its stake in shares of Chipotle Mexican Grill by 27.5% in the fourth quarter. FMR LLC now owns 3,281,840 shares of the restaurant operator’s stock worth $1,238,304,000 after buying an additional 707,970 shares during the period. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $105,799,000. Discovery Capital Management LLC CT purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $95,773,000. Finally, Brown Advisory Inc. raised its stake in shares of Chipotle Mexican Grill by 4,011.0% in the fourth quarter. Brown Advisory Inc. now owns 226,104 shares of the restaurant operator’s stock worth $85,315,000 after buying an additional 220,604 shares during the period. Institutional investors own 96.62% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CMG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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