Chipotle Mexican Grill's (CMG) Hold Rating Maintained at Deutsche Bank

Go back to Chipotle Mexican Grill's (CMG) Hold Rating Maintained at Deutsche Bank

Chipotle's (CMG) Earnings to Trough This Year - RBC

January 15, 2016 7:40 AM EST

RBC Capital Analyst, David Palmer, reduced 2016 and 2017 EPS estimates on Chipotle Mexican Grill (NYSE: CMG) from $13.41 and $18.66 to $12.85 (-13% YOY) and $17.21 (+34 YOY) to reflect supply chain costs, which are expected to unfavorably impact gross margins by 100200bps on an ongoing basis. EPS for Q4 goes from $2.01 to $1.81 to account for an incremental $8M ($1416M total; $0.15 EPS impact) in non-recurring expenses associated with food waste, lab analysis, marketing, and advisory... More