Chipotle Mexican Grill, Inc. (NYSE:CMG) – Analysts at Piper Jaffray Companies boosted their FY2019 earnings estimates for shares of Chipotle Mexican Grill in a research report issued on Monday, February 11th. Piper Jaffray Companies analyst N. Regan now anticipates that the restaurant operator will post earnings per share of $11.29 for the year, up from their prior estimate of $11.05. Piper Jaffray Companies has a “Overweight” rating and a $661.00 price target on the stock. Piper Jaffray Companies also issued estimates for Chipotle Mexican Grill’s FY2021 earnings at $18.19 EPS.
CMG has been the subject of a number of other reports. Barclays boosted 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 report on Friday, October 26th. Zacks Investment Research raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $589.00 target price on the stock in a research note on Friday, February 8th. Wedbush reaffirmed an “underperform” rating on shares of Chipotle Mexican Grill in a research report on Thursday, December 20th. Royal Bank of Canada upgraded shares of Chipotle Mexican Grill from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $450.00 to $510.00 in a research note on Monday, October 22nd. Finally, TheStreet downgraded shares of Chipotle Mexican Grill from a “b-” rating to a “c” rating in a report on Thursday, October 25th. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $487.79.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, February 6th. The restaurant operator reported $1.72 EPS for the quarter, topping the consensus estimate of $1.38 by $0.34. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business posted $1.34 EPS. Chipotle Mexican Grill’s revenue was up 10.4% on a year-over-year basis.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc raised its stake in shares of Chipotle Mexican Grill by 1.9% in the third quarter. Vanguard Group Inc now owns 2,590,430 shares of the restaurant operator’s stock valued at $1,177,403,000 after purchasing an additional 47,822 shares in the last quarter. FMR LLC lifted its holdings in shares of Chipotle Mexican Grill by 10.2% during the 2nd quarter. FMR LLC now owns 1,620,408 shares of the restaurant operator’s stock valued at $698,995,000 after purchasing an additional 149,725 shares in the last quarter. BlackRock Inc. raised its position in Chipotle Mexican Grill by 4.2% in the 4th quarter. BlackRock Inc. now owns 1,615,632 shares of the restaurant operator’s stock valued at $697,615,000 after buying an additional 64,606 shares during the last quarter. Jennison Associates LLC increased its position in shares of Chipotle Mexican Grill by 128.5% during the 3rd quarter. Jennison Associates LLC now owns 830,269 shares of the restaurant operator’s stock worth $377,374,000 after purchasing an additional 466,849 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Chipotle Mexican Grill by 255.0% during the 3rd quarter. Renaissance Technologies LLC now owns 792,000 shares of the restaurant operator’s stock worth $359,980,000 after acquiring an additional 568,900 shares during the period. Hedge funds and other institutional investors own 91.25% of the company’s stock.
In other news, CFO Jack Hartung sold 7,150 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $606.77, for a total transaction of $4,338,405.50. Following the completion of the transaction, the chief financial officer now owns 45,237 shares of the company’s stock, valued at $27,448,454.49. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.19% of the stock is currently owned by insiders.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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