SunTrust Banks Comments on Chipotle Mexican Grill, Inc.’s FY2019 Earnings (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Investment analysts at SunTrust Banks reduced their FY2019 earnings per share (EPS) estimates for shares of Chipotle Mexican Grill in a report released on Monday, January 28th, Zacks Investment Research reports. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $13.40 per share for the year, down from their prior forecast of $13.90. SunTrust Banks has a “Positive” rating and a $635.00 price objective on the stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s FY2020 earnings at $16.50 EPS.

A number of other equities analysts also recently commented on CMG. Gordon Haskett started coverage on Chipotle Mexican Grill in a report on Thursday, October 18th. They set an “underperform” rating and a $385.00 target price for the company. Royal Bank of Canada upgraded Chipotle Mexican Grill from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $450.00 to $510.00 in a report on Monday, October 22nd. UBS Group set a $370.00 target price on Chipotle Mexican Grill and gave the company a “sell” rating in a report on Monday, October 22nd. Piper Jaffray Companies set a $550.00 target price on Chipotle Mexican Grill and gave the company a “buy” rating in a report on Monday, October 22nd. Finally, Maxim Group upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their target price for the company from $500.00 to $510.00 in a report on Tuesday, October 23rd. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $487.79.

NYSE:CMG opened at $599.62 on Wednesday. The company has a market cap of $16.19 billion, a PE ratio of 66.18, a P/E/G ratio of 2.72 and a beta of 0.60. Chipotle Mexican Grill has a fifty-two week low of $281.00 and a fifty-two week high of $612.60.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.34. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 earnings per share.

In other Chipotle Mexican Grill news, CFO Jack Hartung sold 7,150 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $606.77, for a total value of $4,338,405.50. Following the transaction, the chief financial officer now directly owns 45,237 shares of the company’s stock, valued at $27,448,454.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.19% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Hawaiian Bank raised its stake in shares of Chipotle Mexican Grill by 4.5% in the fourth quarter. First Hawaiian Bank now owns 465 shares of the restaurant operator’s stock worth $201,000 after buying an additional 20 shares during the period. Bessemer Group Inc. raised its stake in shares of Chipotle Mexican Grill by 4.9% in the fourth quarter. Bessemer Group Inc. now owns 447 shares of the restaurant operator’s stock worth $193,000 after buying an additional 21 shares during the period. Huntington National Bank raised its stake in shares of Chipotle Mexican Grill by 19.9% in the fourth quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock worth $73,000 after buying an additional 28 shares during the period. Emerald Advisers LLC raised its stake in shares of Chipotle Mexican Grill by 1.7% in the fourth quarter. Emerald Advisers LLC now owns 2,454 shares of the restaurant operator’s stock worth $1,060,000 after buying an additional 40 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of Chipotle Mexican Grill by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 6,270 shares of the restaurant operator’s stock worth $2,705,000 after buying an additional 42 shares during the period. 91.25% of the stock is currently owned by hedge funds and other institutional investors.

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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