Chipotle Mexican Grill, Inc. (CMG) - NYSE
  • Thu, May 5, 2:04 PM
    | Thu, May 5, 2:04 PM | 42 Comments
  • Thu, May 5, 2:03 PM
    | Thu, May 5, 2:03 PM | 41 Comments
  • Wed, Apr. 27, 11:59 AM
    • Chipotle (CMG -6.4%) execs spent a good portion of last night's earnings call explaining how the chain intends to reel back in customers.
    • A limited rewards program is being explored, while aggressive marketing will attempt to differentiate the Chipotle brand in a positive way. New menu items (chorizo is one) and an expansion of Chipotle's delivery service will also be introduced.
    • There's been a considerable amount of debate, and very little consensus, on which restaurant companies or even grocery store chains have picked up the lost Chipotle customers. Panera staked its claim yesterday with a powerful Q1 comp.
    • Chipotle earnings call transcript
    • Now read Chipotle: Competition Is Intensifying; More Near-Term Downside
    | Wed, Apr. 27, 11:59 AM | 19 Comments
  • Tue, Apr. 26, 5:40 PM
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    | Tue, Apr. 26, 5:40 PM
  • Tue, Apr. 26, 4:39 PM
    • Chipotle (NYSE:CMG) reports comparable restaurant sales were down 29.7% in Q1. Analysts expected about a 28% drop. Transactions were 21% lower during the quarter with the discrepancy due in part to a free burrito promotion.
    • Restaurant-level operating margin fell even further than anticipated, retreating to 6.8% from 27.5% a year ago.
    • Food costs as a percentage of sales rose 140 bps to 35.3%.
    • General and administrative expense as a percentage of sale increased 160 bps to 7.4%.
    • Chipotle issued no specific guidance for Q2 or the full year.
    • CMG -3.43% AH to $430.51.
    | Tue, Apr. 26, 4:39 PM | 20 Comments
  • Tue, Apr. 26, 4:34 PM
    • Chipotle Mexican Grill (NYSE:CMG): Q1 EPS of -$0.88 beats by $0.07.
    • Revenue of $834.5M (-23.4% Y/Y) misses by $45.71M.
    • Shares -3.51%.
    • Press Release
    | Tue, Apr. 26, 4:34 PM | 1 Comment
  • Mon, Apr. 25, 5:35 PM
  • Mon, Apr. 25, 6:58 AM
    • UBS looks at Chipotle's (NYSE:CMG) average online customer ratings across more than 90K reviews over time to determine sentiment/satisfaction trends and outlook:
    • "Customer reviews of Chipotle restaurants exhibit a meaningful multi-year deterioration going back to 2010 (beginning of our dataset).
    • "While CMG generated best-in-class sales growth over the last several years despite the negative review trends, several factors can explain the lack of correlation, but, we believe the data could be more impactful for future sales trends.
    • "We wonder if beyond food safety incidents, declining review scores over the last several years, from elevated levels to those that are now below peers, could signal lingering challenges. Deteriorating scores could be indicative of several factors, including slow service/long wait times, menu fatigue, lack of affordability and, more recently, heightened concerns about food safety; all of which could prolong a sales recovery or limit long-term growth potential."
    • On the 1-5 scale (5 = best), overall average ratings have declined by more than 1 point since 2010, representing a particularly large decline. The ratings declines are widespread: i) in 2015 ratings declined in 39 of the 45 states; and ii) for all years analyzed, the number of states with declines far surpassed states with ratings increases.
    • UBS has a Neutral rating on CMG with a $460 price target, implying 4% upside.
    • Chipotle reports earnings on Tuesday.
    • Now read Chipotle: Classic Case Of Temporary Headwinds »
    | Mon, Apr. 25, 6:58 AM | 2 Comments
  • Sun, Apr. 24, 5:51 PM
    • A survey conducted by Cowen & Co. showed that 41% of respondents who received a free burrito coupon visited Chipotle (NYSE:CMG) 3.8x over the prior 30 days, compared with 1.4x for the 59% who didn’t receive a coupon. Brand perception was also higher in the couponed group.
    • “We view couponing as the gateway to improving traffic in the near term, but do not view it as a sustainable strategy,” firm says, suggesting Chipotle may need to come up with a longer-term customer loyalty plan.
    • Meanwhile, analysts at Credit Suisse found that Google searches for food-safety issues related to Chipotle have dropped sharply since the beginning of the year.
    • Chipotle reports on Tue. April 26.
    | Sun, Apr. 24, 5:51 PM | 21 Comments
  • Tue, Apr. 19, 2:32 PM
    | Tue, Apr. 19, 2:32 PM | 6 Comments
  • Thu, Apr. 14, 7:53 AM
    • JPMorgan upgrades Chipotle (NYSE:CMG) to an Overweight rating in what some are finding as a surprising move.
    • The investment firm sees Chipotle's Q1 performance as a bottom off of which sequential improvement will begin.
    • A return to "normalized" earnings growth by FY18 is anticipated.
    • JP raises its price target to $510 from $465, not a Street high but one of the few recent PT hikes.
    • Chipotle is up 3.32% premarket to $459.00.
    | Thu, Apr. 14, 7:53 AM | 6 Comments
  • Wed, Apr. 13, 1:40 PM
    • CtW Investment Group wants Chipotle (CMG -0.9%)  shareholders to shake up the company's board by voting off long-time members Patrick Flynn and Darlene Friedman.
    • The hedge fund says more food safety experience, independence, and diversity are needed on the board, as well as easier proxy access for smaller investor groups.
    • Chipotle's annual meeting of shareholders is scheduled for May 11.
    • CtW's letter to shareholders
    • CtW has also been active on Twitter today with taking Chipotle to task.
    • Now read Chipotle: Q1 Revenue Estimate Is Too Bullish
    | Wed, Apr. 13, 1:40 PM | 10 Comments
  • Tue, Apr. 12, 3:15 PM
    • Data from Foursquare suggests sales fell 30% for Chipotle (CMG) in Q1.
    • Foot traffic was down 23% with promotions from the restaurant chain accounting for the differential.
    • Chipotle has already disclosed a 36% drop in comps during January, followed by a 26% slide in February.
    • Perhaps a surprise, but the read from Foursquare is that it's actually long-time loyal Chipotle customers who have been less likely to return to stores post-E. Coli outbreak than infrequent visitors.
    • Chipotle is due to report Q1 earnings on April 26.
    • Now read 40% Off Its 52-Week High Makes Chipotle A Buy
    | Tue, Apr. 12, 3:15 PM | 9 Comments
  • Fri, Apr. 1, 8:02 AM
    | Fri, Apr. 1, 8:02 AM | 2 Comments
  • Thu, Mar. 31, 8:32 AM
    • Chipotle (NYSE:CMG) is up 1% in light premarket trading after yesterday's revelation that it's considering launching a burger chain.
    • The quick-fire reaction from analysts has been on the skeptical side. The company's recent food safety issues are an obvious sticking point. As pointed out by Bloomberg Gadfly, the biggest culprit of food sickness is ground beef.
    • Others analysts are noting the crowded space in the burger sector with Smashburger, Five Guys Burgers, and Shake Shack all jostling for market share just above the mass-market burger category.
    • Hedgey's Howard Penney goes a step further to call the burger move by Chipotle diversionary in nature."They will NEVER be a player in burgers," tweets Penney.
    • Now read Is Chipotle Worth Considering At Current Levels? » 
    | Thu, Mar. 31, 8:32 AM | 10 Comments
  • Wed, Mar. 30, 4:05 PM
    • Chipotle (NYSE:CMG) filed a trademark application for the term "Better Burger," according to some USPTO sleuthing by Bloomberg's Leslie Patton.
    • "It’s a growth seed idea we are exploring," commented Chipotle spokesman Chris Arnold on the development.
    • The company already has small brands ShopHouse and Pizzeria Locale in the growth hopper.
    • Chipotle does have some dormant hamburger DNA considering it evolved from McDonald's as a spinoff.
    | Wed, Mar. 30, 4:05 PM | 25 Comments
Company Description
Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants throughout the U.S., which serve a focused menu of burritos, tacos, burrito bowls and salads. The company also has restaurants in Canada, England, France and Germany. The company was founded by Steve... More
Sector: Services
Industry: Restaurants
Country: United States