Chipotle Mexican Grill (CMG): Cutting SSS Ests And PT Based On Checks - Nomura

October 17, 2016 8:43 AM EDT
Get Alerts CMG Hot Sheet
Price: $410.86 +0.77%

Rating Summary:
    15 Buy, 19 Hold, 8 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 17 | New: 10
Trade CMG Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Nomura Securities analyst, Mark Kalinowski, reiterated his Neutral rating on Chipotle Mexican Grill (NYSE: CMG) and cut his price target to $372 from $405 "ahead of earnings" "based on checks".

The analyst cut the third-quarter same-store sales forecast for Chipotle Mexican Grilby 150bp, to -19.5% (160bp under the Consensus Metrix number of -17.9%). The company's third-quarter promotions do not appear to have had the fully desired effects from the company's perspective. Given reduced same-store sales projections, the analyst takes down our Q3 EPS by -$0.30, to $1.60 ($0.08 below consensus).

For an analyst ratings summary and ratings history on Chipotle Mexican Grill click here. For more ratings news on Chipotle Mexican Grill click here.

Shares of Chipotle Mexican Grill closed at $404.14 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Nomura, Earnings

Add Your Comment