Economy

Chipotle's sales disappoint, shares dive 6 percent

Chipotle's sales disappoint, shares dive 6 percent”

Adjusted earnings came to $1.33 per share, far below the $1.56 per share analysts expected, according to Zacks Investment Research. The brokerage now has a neutral rating on the restaurant operator's stock. During the same period in the previous year, the business posted $0.87 earnings per share.

On a GAAP basis, Chipotle Mexican Grill 3Q17 earnings rose to 69 cents per share from 27 cents per share past year. Ray Gerald L Assocs reported 2,763 shares. The stock of Chipotle Mexican Grill, Inc.

Sales at Chipotle restaurants open at least 13 months rose 1 percent for the third quarter ended September 30. During the same quarter in the prior year, the firm earned $0.87 earnings per share. Comparable restaurant sales grew 1% year over year, versus the 1.2% StreetAccount consensus, while the restaurant-level operating margin expanded to 16.1% from 14.1% last year.

World Asset Management Inc increased its position in Chipotle Mexican Grill by 4.2% in the fourth quarter. "Boosted by Analyst (CMG)" was originally reported by Week Herald and is the sole property of of Week Herald. If you are accessing this piece on another website, it was copied illegally and reposted in violation of global trademark and copyright laws.

6 analysts rate Chipotle Mexican Grill, Inc. a Buy or Strong Buy, which is 21.43% of all the analyst ratings.

CMG has been the subject of several other research reports.

Media headlines about Chipotle Mexican Grill (NYSE:CMG) have trended somewhat positive this week, Accern Sentiment reports. Deutsche Bank AG restated a "sell" rating and issued a $350.00 target price (up previously from $300.00) on shares of Chipotle Mexican Grill in a research report on Monday, July 10th. BTIG Research reissued a neutral rating on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Ruane Cunniff & Goldfarb Inc sold 7,972 shares as Chipotle Mexican Grill Inc (CMG)'s stock rose 13.42%. $466.49's average target is 44.33% above currents $323.2 stock price. About 1.22 million shares traded or 7.02% up from the average. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 68.88 and a beta of 0.60. Chipotle Mexican Grill has a 12-month low of $352.96 and a 12-month high of $542.50. It improved, as 43 investors sold CMG shares while 160 reduced holdings. Cowen and Company reiterated a "market perform" rating and issued a $440.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, July 3rd. Can increased its position in Chipotle Mexican Grill by 8.3% in the fourth quarter.

Hurricanes Harvey and Irma and costs from a previously disclosed data breach in the spring weighed on the quarter's earnings, Chipotle said, in the release. Fox Run Management L.L.C. acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth approximately $585,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Chipotle Mexican Grill by 84.5% in the first quarter. Strs Ohio now owns 3,312 shares of the restaurant operator's stock worth $1,019,000 after purchasing an additional 223 shares in the last quarter. Neuberger Berman Group LLC increased its position in Chipotle Mexican Grill by 656.2% in the fourth quarter. The Kansas-based Creative Planning has invested 0% in the stock. Moreover, Axa has 0.17% invested in Chipotle Mexican Grill, Inc. The Company's Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads.



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