Equities Analysts Offer Predictions for Chipotle Mexican Grill, Inc.’s Q1 2018 Earnings (CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Oppenheimer issued their Q1 2018 earnings estimates for shares of Chipotle Mexican Grill in a research note issued on Thursday. Oppenheimer analyst B. Bittner expects that the restaurant operator will post earnings of $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.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis.

Other analysts have also recently issued reports about the stock. Piper Jaffray Companies set a $510.00 target price on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a report on Wednesday, October 11th. Mizuho reaffirmed a “buy” rating and set a $450.00 target price on shares of Chipotle Mexican Grill in a report on Saturday, September 23rd. Maxim Group reaffirmed a “buy” rating and set a $435.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, September 21st. SunTrust Banks set a $390.00 target price on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Barclays reduced their target price on shares of Chipotle Mexican Grill from $370.00 to $325.00 and set an “equal weight” rating for the company in a report on Wednesday, October 18th. Six research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $357.00.

Shares of Chipotle Mexican Grill (CMG) traded up $1.75 during mid-day trading on Monday, reaching $320.22. 219,830 shares of the company’s stock were exchanged, compared to its average volume of 1,242,100. Chipotle Mexican Grill has a twelve month low of $263.00 and a twelve month high of $499.00. The stock has a market capitalization of $9,040.00, a PE ratio of 62.06, a P/E/G ratio of 1.92 and a beta of 0.50.

Several institutional investors and hedge funds have recently bought and sold shares of CMG. Carmignac Gestion boosted its position in shares of Chipotle Mexican Grill by 162.5% during the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after acquiring an additional 319,875 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Chipotle Mexican Grill by 169.1% during the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after acquiring an additional 280,300 shares during the last quarter. Principal Financial Group Inc. lifted its position in Chipotle Mexican Grill by 196.5% during the third quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock valued at $82,462,000 after purchasing an additional 177,530 shares during the last quarter. Check Capital Management Inc. CA bought a new position in Chipotle Mexican Grill during the third quarter valued at $54,272,000. Finally, Janus Henderson Group PLC lifted its position in Chipotle Mexican Grill by 332.5% during the third 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 last quarter. Institutional investors and hedge funds own 88.43% of the company’s stock.

WARNING: This story was reported by Community Financial News and is owned by of Community Financial News. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.com-unik.info/2018/01/09/equities-analysts-offer-predictions-for-chipotle-mexican-grill-inc-s-q1-2018-earnings-cmg.html.

Chipotle Mexican Grill Company Profile

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)

What are top analysts saying about Chipotle Mexican Grill? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Chipotle Mexican Grill and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit