Wedbush Comments on Chipotle Mexican Grill, Inc.’s Q3 2018 Earnings (NYSE:CMG)

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Chipotle Mexican Grill, Inc. (NYSE:CMG) – Wedbush dropped their Q3 2018 EPS estimates for shares of Chipotle Mexican Grill in a report launched on Wednesday, based on Zacks Investment Research. Wedbush badyst N. Setyan now forecasts that the restaurant operator will earn $1.80 per share for the quarter, down from their earlier forecast of $1.94. Wedbush at the moment has a “Hold” score and a $290.00 value goal on the inventory. Wedbush additionally issued estimates for Chipotle Mexican Grill’s 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 and Q3 2019 earnings at $2.30 EPS.

Chipotle Mexican Grill (NYSE:CMG) final posted its quarterly earnings outcomes on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, lacking the consensus estimate of $2.24 by ($zero.91). The agency had income of $1.13 billion throughout the quarter, in comparison with the consensus estimate of $1.14 billion. Chipotle Mexican Grill had a internet margin of three.37% and a return on fairness of 11.80%. Chipotle Mexican Grill’s income was up eight.eight% on a year-over-year foundation. During the identical quarter within the prior yr, the enterprise earned $zero.56 EPS.

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Other equities badysts have additionally just lately issued badysis reviews in regards to the firm. Maxim Group upgraded Chipotle Mexican Grill from a “hold” score to a “buy” score and raised their goal value for the inventory from $440.00 to $470.00 in a report on Tuesday, July 18th. Mizuho set a $533.00 goal value on Chipotle Mexican Grill and gave the inventory a “buy” score in a report on Monday, July 17th. SunTrust Banks, Inc. restated a “buy” score and set a $505.00 goal value (down beforehand from $520.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. William Blair restated a “buy” score on shares of Chipotle Mexican Grill in a report on Thursday, August 24th. Finally, Piper Jaffray Companies set a $510.00 goal value on Chipotle Mexican Grill and gave the inventory a “buy” score in a report on Wednesday, October 11th. Eight 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 issued a powerful purchase score to the corporate’s inventory. The inventory presently has a consensus score of “Hold” and a consensus goal value of $356.06.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded down $5.93 on Thursday, 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 1,892,807. Chipotle Mexican Grill has a 12-month low of $264.90 and a 12-month excessive of $499.00. The firm has a market capitalization of $7,722.57, a PE ratio of 47.16, a P/E/G ratio of two.37 and a beta of zero.44.

Institutional traders and hedge funds have just lately added to or decreased their stakes within the inventory. Korea Investment CORP boosted its stake in 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 buying a further 157 shares throughout the interval. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in 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 buying a further 169 shares throughout the interval. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in 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 buying a further 55 shares throughout the interval. Parsons Capital Management Inc. RI purchased a brand new stake in shares of Chipotle Mexican Grill throughout the 1st quarter valued at $203,00zero. Finally, Blue Sky Asset Management LLC purchased a brand new stake in shares of Chipotle Mexican Grill throughout the 2nd quarter valued at $200,00zero. Institutional traders and hedge funds personal 89.51% of the corporate’s inventory.

Chipotle Mexican Grill Company Profile

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.

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Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

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