Chipotle Mexican Grill’s (CMG) Hold Rating Reiterated at Wedbush

Chipotle Mexican Grill, Inc. logoWedbush restated their maintain score on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a badysis observe revealed on Wednesday, October 25th. Wedbush at the moment has a $290.00 goal worth on the restaurant operator’s inventory. Wedbush additionally issued estimates for Chipotle Mexican Grill’s This fall 2017 earnings at $1.44 EPS, FY2017 earnings at $6.70 EPS, Q1 2018 earnings at $1.94 EPS, Q2 2018 earnings at $2.62 EPS, Q3 2018 earnings at $1.80 EPS, This fall 2018 earnings at $2.27 EPS, FY2018 earnings at $eight.63 EPS, Q1 2019 earnings at $2.28 EPS, Q2 2019 earnings at $2.94 EPS, Q3 2019 earnings at $2.30 EPS and FY2019 earnings at $10.12 EPS.

CMG has been the topic of a variety of different badysis experiences. UBS Group AG (USA) decreased their worth goal on Chipotle Mexican Grill from $460.00 to $445.00 and set a impartial score for the corporate in a badysis observe on Tuesday, June 27th. Sanford C. Bernstein reiterated an outperform score on shares of Chipotle Mexican Grill in a badysis observe on Monday, July third. Cowen and Company reissued a market carry out score and issued a $440.00 goal worth on shares of Chipotle Mexican Grill in a report on Monday, July third. Deutsche Bank AG reissued a promote score and issued a $350.00 goal worth (up beforehand from $300.00) on shares of Chipotle Mexican Grill in a report on Monday, July 10th. Finally, Robert W. Baird reissued a impartial score and issued a $490.00 goal worth on shares of Chipotle Mexican Grill in a report on Tuesday, July 11th. Eight badysis badysts have rated the inventory with a promote score, twenty-two have issued a maintain score, 9 have issued a purchase score and one has given a robust purchase score to the corporate’s inventory. Chipotle Mexican Grill at the moment has a consensus score of Hold and a consensus goal worth of $356.06.

Chipotle Mexican Grill (NYSE:CMG) traded up $three.33 throughout noon buying and selling on Wednesday, reaching $273.53. The firm’s inventory had a buying and selling quantity of 1,183,046 shares, in comparison with its common quantity of 1,610,000. The agency has a market cap of $7.72 billion, a P/E ratio of 48.18, a P/E/G ratio of two.42 and a beta of zero.44. Chipotle Mexican Grill has a 52 week low of $264.90 and a 52 week excessive of $499.00.

Chipotle Mexican Grill (NYSE:CMG) final launched its earnings outcomes on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, lacking the consensus estimate of $2.24 by ($zero.91). The agency had income of $1.13 billion through the quarter, in comparison with badyst estimates of $1.14 billion. Chipotle Mexican Grill had a internet margin of three.37% and a return on fairness of 11.80%. The enterprise’s income was up eight.eight% in comparison with the identical quarter final yr. During the identical interval within the prior yr, the agency earned $zero.56 earnings per share. equities badysts forecast that Chipotle Mexican Grill will publish 6.59 EPS for the present fiscal yr.

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Several hedge funds have just lately modified their holdings of CMG. Korea Investment CORP elevated its place in shares of Chipotle Mexican Grill by 140.2% through the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s inventory valued at $112,000 after buying an extra 157 shares through the interval. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA elevated its place in shares of Chipotle Mexican Grill by 15.7% through the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s inventory valued at $140,000 after buying an extra 55 shares through the interval. OLD Mutual Customised Solutions Proprietary Ltd. elevated its place in shares of Chipotle Mexican Grill by 84.5% through the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s inventory valued at $164,000 after buying an extra 169 shares through the interval. Mercer Capital Advisers Inc. acquired a brand new place in shares of Chipotle Mexican Grill within the third quarter price $183,000. Finally, Harbour Capital Advisors LLC grew its holdings in shares of Chipotle Mexican Grill by 30,455.zero% within the 2nd quarter. Harbour Capital Advisors LLC now owns 82,804 shares of the restaurant operator’s inventory price $199,000 after buying an extra 82,533 shares over the last quarter. Institutional buyers personal 89.51% of the corporate’s inventory.

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 primarily based on 11 areas.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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