Chipotle Mexican Grill, Inc. (NYSE:CMG) had its value goal trimmed by Nomura from $338.00 to $291.00 in a report issued on Wednesday, October 25th. The brokerage at present has a impartial ranking on the restaurant operator’s inventory.
“Impacted by weather, earthquakes and higher than expected costs, 3Q17 adjusted EBITDA of $301M missed our/Street’s $316M/$318M estimates. Revenues improved ~4% YoY helped by: ~+3% attendance (owing to opening of two new waterparks), ~ +2% guest spending per capita, ~+23% licensing, and a small decline in sponsorship/ accommodations. Recent mild weather should provide a tailwind to Fright Fest and Holiday in the Park attendance, which drives 2018 season pbad sales; Northern California fires could mute this impact slightly. Management backed off its $575M target for 2017, but mentioned Project 600 is probable in 2018 (50/50 chance) while Project 750 is still achievable, albeit now more difficult. SIX is raising prices 3%+. Management now expects its NOL to last through 2024.”,” Nomura’s badyst wrote.
Several different equities badysis badysts have additionally issued reviews on CMG. UBS AG dropped their value goal on shares of Chipotle Mexican Grill from $460.00 to $445.00 and set a impartial ranking for the corporate in a badysis report on Tuesday, June 27th. Zacks Investment Research raised shares of Chipotle Mexican Grill from a promote ranking to a maintain ranking in a report on Friday, August 4th. BMO Capital Markets reiterated a market carry out ranking and set a $275.00 value goal (down from $330.00) on shares of Chipotle Mexican Grill in a badysis notice on Wednesday, October 25th. Canaccord Genuity decreased their value goal on shares of Chipotle Mexican Grill from $400.00 to $325.00 and set a maintain ranking on the inventory in a badysis notice on Wednesday, October 25th. Finally, Robert W. Baird set a $300.00 value goal on shares of Chipotle Mexican Grill and gave the corporate a maintain ranking in a badysis notice on Wednesday, October 25th. Eight badysis badysts have rated the inventory with a promote ranking, twenty-two have issued a maintain ranking, 9 have badigned a purchase ranking and one has given a powerful purchase ranking to the inventory. The inventory at present has a consensus ranking of Hold and a median goal value of $356.06.
Shares of Chipotle Mexican Grill (NYSE CMG) traded up $four.45 on Wednesday, hitting $279.45. 1,060,800 shares of the corporate traded arms, in comparison with its common quantity of 1,870,497. The inventory has a market capitalization of $7,889.71, a P/E ratio of 48.18, a price-to-earnings-growth ratio of two.42 and a beta of zero.44. Chipotle Mexican Grill has a fifty-two week low of $264.90 and a fifty-two week excessive of $499.00.
Chipotle Mexican Grill (NYSE:CMG) final posted its quarterly earnings outcomes on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, lacking the Zacks’ consensus estimate of $2.24 by ($zero.91). Chipotle Mexican Grill had a return on fairness of 11.80% and a web margin of three.37%. The firm had income of $1.13 billion for the quarter, in comparison with badysts’ expectations of $1.14 billion. During the identical interval within the prior 12 months, the enterprise earned $zero.56 EPS. The enterprise’s income for the quarter was up eight.eight% on a year-over-year foundation. badysts forecast that Chipotle Mexican Grill will put up 6.59 earnings per share for the present 12 months.
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Hedge funds and different institutional traders have just lately added to or decreased their stakes within the firm. Korea Investment CORP boosted its holdings in shares of Chipotle Mexican Grill by 140.2% within the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s inventory valued at $112,00zero after shopping for an extra 157 shares over the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Chipotle Mexican Grill by 15.7% within the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s inventory valued at $140,00zero after shopping for an extra 55 shares over the last quarter. First Interstate Bank boosted its holdings in shares of Chipotle Mexican Grill by 111.1% within the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s inventory valued at $146,00zero after shopping for an extra 250 shares over the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Chipotle Mexican Grill by 84.5% within the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s inventory valued at $164,00zero after shopping for an extra 169 shares over the last quarter. Finally, Mercer Capital Advisers Inc. acquired a brand new stake in shares of Chipotle Mexican Grill within the third quarter valued at roughly $183,00zero. 90.31% of the inventory is owned by institutional traders.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc (Chipotle), along with its subsidiaries, operates Chipotle Mexican Grill eating places. The Company’s Chipotle Mexican Grill eating places serve a menu of burritos, tacos, burrito bowls (a burrito with out the tortilla) and salads. As of December 31, 2016, the Company managed its operations and eating places based mostly on 11 areas.
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