Chipotle Mexican Grill Q2 Comparable Restaurant Sales Down 23

The firm shows a 20-Day Simple Moving Average of -1.61% with a 200-Day Simple Moving Average of -17.31%. Wedbush cut shares of Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $450.00 to $400.00 in a research note on Tuesday, March 29th. The lowest EPS estimate for the stock for the next 12 months is $2.39, which is also arrived at by adding all the lowest EPS estimates for each of the next four quarters.

Analysts on average had expected earnings of 93 cents per share on revenue of $1.05 billion, according to Thomson Reuters I/B/E/S. The size of transactions has gotten a boost as well, Ells said. The stock now has an average rating of “Hold” and an average price target of $517.43. According to this price target, it now means the analyst believes there is a potential decrease of -25.9% from the company’s current share price of 404.86.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are -15.63 down so far this year. The investment firm sold 2,010 shares of CMG which is valued $837,426.

The company’s shares were down 2 percent in after-market trading on Thursday.

When Chipotle Mexican Grill Inc. reports its second-quarter earnings on Thursday, analysts aren’t expecting results anywhere near last year’s results. The company reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by $0.10. Wells Fargo & Co.’s price objective indicates a potential upside of 26.41% from the stock’s previous close. Vetr raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $467.97 price objective for the company in a report on Monday, May 30th.

Revenue fell 16.6 percent to $998.4 million, down for the third straight quarter. Oppenheimer Holdings Inc reiterated it market perform rating on Chipotle and had its “buy” rating reaffirmed by analysts at RBC Capital Markets. Following the transaction, the chief executive officer now directly owns 122,043 shares of the company’s stock, valued at approximately $53,730,651.18.

Brief Synopsis About Chipotle Mexican Grill Inc. Chipotle Mexican Grill makes up approx 0.60% of First American Trust Fsb’s portfolio. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls and salads.