Instinet Cuts Chipotle Mexican Grill (CMG) PT to $333

Instinet (Nomura) analyst Mark Kalinowski cut estimates and his price target on Neutral-rated Chipotle Mexican Grill (NYSE: CMG) to $333.00 (from $372.00) following comments at yesterday's investor conference from Chipotle Mexican Grill management.

They reduce Q4 EPS estimate by $0.45 to $0.95, FY16E EPS from $1.91 to $1.45, FY17E EPS from $10.05 to $9.00, and FY18E EPS from $14.00 to $13.00.

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 $366.37 yesterday.

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