Chipotle Mexican Grill, Inc. (NYSE:CMG) – Stock analysts at William Blair raised their Q4 2018 earnings per share (EPS) estimates for Chipotle Mexican Grill in a research report issued to clients and investors on Monday, October 22nd, Zacks Investment Research reports. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings per share of $1.46 for the quarter, up from their previous forecast of $1.42. William Blair currently has a “Hold” rating on the stock.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Thursday, October 25th. The restaurant operator reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.16. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion.
A number of other equities analysts have also commented on the stock. Citigroup cut their price objective on shares of Chipotle Mexican Grill from $573.00 to $527.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. TheStreet downgraded shares of Chipotle Mexican Grill from a “b-” rating to a “c” rating in a research note on Thursday, October 25th. Wells Fargo & Co raised their target price on shares of Chipotle Mexican Grill from $415.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, October 26th. Barclays raised their target price on shares of Chipotle Mexican Grill from $360.00 to $400.00 and gave the company an “equal weight” rating in a research note on Friday, October 26th. Finally, Bank of America set a $340.00 target price on shares of Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Friday, October 26th. Nine investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $431.72.
CMG stock opened at $474.15 on Tuesday. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $530.68. The company has a market capitalization of $13.24 billion, a PE ratio of 71.84, a PEG ratio of 3.15 and a beta of 0.22.
In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 823,357 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $487.29, for a total transaction of $401,213,632.53. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.19% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board grew its holdings in shares of Chipotle Mexican Grill by 636.4% in the second quarter. Canada Pension Plan Investment Board now owns 243 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 210 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill by 17.1% in the third quarter. Cornerstone Wealth Management LLC now owns 35,254 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 5,142 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the second quarter worth approximately $119,000. Dupont Capital Management Corp bought a new position in shares of Chipotle Mexican Grill in the second quarter worth approximately $123,000. Finally, Bessemer Group Inc. bought a new position in shares of Chipotle Mexican Grill in the second quarter worth approximately $184,000. Hedge funds and other institutional investors own 89.13% of the company’s stock.
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.
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