Chipotle Mexican Grill, Inc. (NYSE:CMG) – Analysts at KeyCorp issued their Q3 2018 EPS estimates for shares of Chipotle Mexican Grill in a research report issued on Wednesday, October 3rd. KeyCorp analyst E. Gonzalez forecasts that the restaurant operator will earn $2.02 per share for the quarter. KeyCorp has a “Overweight” rating and a $500.00 price target on the stock. KeyCorp also issued estimates for Chipotle Mexican Grill’s Q4 2018 earnings at $1.51 EPS, FY2018 earnings at $8.53 EPS, Q1 2019 earnings at $2.85 EPS, Q2 2019 earnings at $3.60 EPS, Q3 2019 earnings at $2.96 EPS, Q4 2019 earnings at $2.72 EPS, FY2019 earnings at $12.13 EPS, Q1 2020 earnings at $3.59 EPS, Q2 2020 earnings at $4.47 EPS, Q3 2020 earnings at $3.77 EPS and FY2020 earnings at $15.35 EPS.
Other equities analysts also recently issued research reports about the stock. TheStreet raised shares of Chipotle Mexican Grill from a “c+” rating to a “b-” rating in a report on Thursday, June 14th. SunTrust Banks boosted their target price on shares of Chipotle Mexican Grill to $490.00 and gave the stock a “buy” rating in a report on Friday, June 29th. ValuEngine raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. Canaccord Genuity boosted their target price on shares of Chipotle Mexican Grill from $425.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, June 28th. Finally, Zacks Investment Research raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $512.00 target price on the stock in a report on Monday, July 16th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have given a buy rating to the stock. Chipotle Mexican Grill currently has a consensus rating of “Hold” and an average price target of $425.47.
CMG stock opened at $449.36 on Monday. Chipotle Mexican Grill has a one year low of $247.51 and a one year high of $530.68. The firm has a market capitalization of $12.64 billion, a PE ratio of 68.08, a P/E/G ratio of 2.97 and a beta of 0.44.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.09. Chipotle Mexican Grill had a net margin of 3.65% and a return on equity of 15.64%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Independent Franchise Partners LLP increased its position in Chipotle Mexican Grill by 338.4% in the first quarter. Independent Franchise Partners LLP now owns 1,628,881 shares of the restaurant operator’s stock worth $526,307,000 after purchasing an additional 1,257,323 shares during the last quarter. FMR LLC increased its position in Chipotle Mexican Grill by 10.2% during the second quarter. FMR LLC now owns 1,620,408 shares of the restaurant operator’s stock valued at $698,995,000 after acquiring an additional 149,725 shares during the last quarter. Slate Path Capital LP bought a new position in Chipotle Mexican Grill during the first quarter valued at $130,860,000. Jennison Associates LLC bought a new position in Chipotle Mexican Grill during the second quarter valued at $156,768,000. Finally, Bank of New York Mellon Corp increased its position in Chipotle Mexican Grill by 15.8% during the second quarter. Bank of New York Mellon Corp now owns 336,486 shares of the restaurant operator’s stock valued at $145,149,000 after acquiring an additional 45,936 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.
In related news, Director Pershing Square Capital Manage sold 823,357 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $487.29, for a total value of $401,213,632.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.19% of the company’s stock.
About Chipotle Mexican Grill
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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