Chipotle Mexican Grill, Inc. (CMG) - NYSE
  • Wed, Mar. 23, 7:50 AM
    • Over the past five years, Chipotle (NYSE:CMG) has been hit with 115 federal employee lawsuits, or 4.85 legal actions per 100 stores. That's more than three time the pace of peers like Panera Bread and Starbucks, according to The NYPost.
    • Of those 115, most allege discrimination. Thirty-five of the suits are still active.
    • "It’s striking how many cases and class-action complaints there are against Chipotle,” says a lawyer representing more than 500 former Chipotle managers-in-training who claim they were not paid overtime.
    | Wed, Mar. 23, 7:50 AM | 22 Comments
  • Tue, Mar. 22, 11:51 AM
    • J.D. Power forecasts global automobile sale of 92M this year.
    • The research firm sees sales in the U.S. rising to 17.8M in 2016 from 17.5M in 2015. The unit volume tally would set a record.
    • A bit of a warning arrives from J.D. Power on the staying power of the U.S. automobile recovery. J.D. notes that the U.S. auto industry is in year seven of its recovery which lands in the middle of the typical post-recession recovery period of six to nine years.
    • Another fascinating aside from the New York Show is a comment made by a top exec from Cox Automotive that Domino's Pizza (DPZ -0.1%) is testing making pizzas inside its vehicles to speed up order turnover. While food trucks have been very successful for some small and independent chains, the concept is relatively untested on a broad national scale. Could Chipotle (NYSE:CMG), Starbucks (NASDAQ:SBUX), or Papa John's (NASDAQ:PZZA) go mobile?
    • Related stocks: GM, F, FCAU, TM, OTCPK:NSANY, HMC, OTC:HYMLF.
    • Source: USA Today reporter Nathan Bomey's New York Auto Show coverage on Twitter.
    | Tue, Mar. 22, 11:51 AM | 16 Comments
  • Mon, Mar. 21, 1:50 PM
    • The latest promotion from Chipotle (CMG +0.9%) involves free chips and an order of guacamole for customers who win three times at the mobile and online game Guac Hunter. Gamers that fail to win, still earn a coupon after three attempts.
    • Guacamole is one of the items that is prepared differently under Chipotle's new food and safety protocols, even though the recipe is fairly simple.
    • Previously: Chipotle to keep the free burritos flying (March 16)
    | Mon, Mar. 21, 1:50 PM | 15 Comments
  • Thu, Mar. 17, 7:41 AM
    • Jefferies takes its rating on Chipotle (NYSE:CMG) down to Underweight from Hold. Analyst Andy Barish thinks a turnaround will take "much longer" than originally anticipated. The fresh price target from Jefferies on CMG is $350.
    • Other negative views from Wall Street on the restaurant chain include Deutsche Bank (Sell), Stephens (Sell), and Maxim Group (Sell, $350 PT).
    • The company presented yesterday at a consumer conference, but did little to clear up visibility on near term results.
    • Previously: Chipotle to keep the free burritos flying (Mar. 16 2016)
    • Shares of Chipotle are down 1.32% premarket to $494.00
    | Thu, Mar. 17, 7:41 AM | 5 Comments
  • Wed, Mar. 16, 11:10 AM
    • Chipotle (CMG -2.1%) took center stage at a Bank of America consumer sector conference today to follow up on yesterday's guidance update.
    • Execs tried to spin the improving comp sales growth trend (less negative), although another dip lower during March took much of the wind out of that sail. A single incident at a Boston store in March played a factor.
    • A majority of customers will return to Chipotle, according to a survey. Only 5% to 7% of respondents indicated they are done with Chipotle.
    • Perhaps the biggest takeaway from the event is that the freebies from the restaurant chain will continue well into Q2 as the company looks to bring back traffic. On that note, a coupon displayed to the crowd showed an expiration date of 12/31/16 for a free burrito, burrito bowl, salad, or taco order. One ongoing problem highlighted during the talk is the cost of uneaten food as the company attempts to forecast traffic from promotional activity and ties that to food inventory.
    • Chipotle presentation webcast
    • Previously: Chipotle reports weak February comps, issues Q1 warning; shares drop (Mar. 15 2016)
    • Previously: Chipotle considers withdrawing from food-safety changes (Mar. 16 2016)
    | Wed, Mar. 16, 11:10 AM | 7 Comments
  • Wed, Mar. 16, 5:20 AM
    • Chipotle (NYSE:CMG) is considering stepping back from some of the food-safety changes it touted just a month ago in the wake of a series of disease outbreaks, WSJ reports.
    • The company is now having its beef cooked before it arrives at some restaurants and is debating the elimination of pathogen testing on some ingredients.
    • On Tuesday, Chipotle announced it would book its first quarterly loss as a public company and said existing restaurant sales dropped 26.1% in February.
    • CMG -3.4% premarket
    | Wed, Mar. 16, 5:20 AM | 4 Comments
  • Tue, Mar. 15, 4:43 PM
    • With a recent spate of customer illnesses still weighing and free burrito offers only doing so much to help, Chipotle's (NYSE:CMG) comparable restaurant sales fell 26.1% Y/Y in February (28.7% excluding February's leap day), after having dropped 36.4% in January. (8-K filing)
    • Comps were down 33.8% during the first two weeks of February, and 24.7% over the last two weeks (excluding the leap day). They were down 21.5% during the week ending March 7, and 27.3% during the following week.
    • The fast-casual chain now expects a mid-single digit Q1 restaurant-level op. margin, and Q1 EPS of -$1.00 or worse. The EPS consensus is at $0.11.
    • Chipotle: "During the quarter we will incur higher expenses driven by increased marketing and promotions spend in other operating costs, which are anticipated to be significantly higher in the first half of 2016 compared to historic reporting periods. We also anticipate higher food costs due to additional food safety protocols put into place, as well as higher food costs related to food waste, rejection rates related to high resolution DNA testing, and lower volumes. We have also incurred higher labor costs to ensure we were fully staffed as customers redeemed their free burrito offer."
    • CMG -3.2% after hours to $486.82.
    | Tue, Mar. 15, 4:43 PM | 31 Comments
  • Mon, Mar. 14, 2:45 PM
    • Chipotle (CMG +2.4%) is expected to disclose an estimate of February sales when it presents at an analyst meeting later this week and some commentary on current traffic trends.
    • Comp sales for the restaurant chain were down 22% in February and 36% in January, according to a rundown of estimates tabulate by Consensus Matrix.
    • On Seeking Alpha, Collective Investment thinks patient Chipotle investors will be rewarded. It's noted that even after the sales tail-off, Chipotle's sales per store rank near the top of the sector.
    • Previously: Slicing up those free burritos at Chipotle (Mar. 08 2016)
    | Mon, Mar. 14, 2:45 PM
  • Mon, Mar. 14, 2:16 AM
    • Chipotle (NYSE:CMG) executives now have an even more direct personal stake in the burrito maker's recovery: their pay.
    • According to a new securities filing, the company will grant future stock awards, if its share price rises back to $700 for 30 consecutive days, which is nearly a 38% jump from its current stock price of $507.
    • Chipotle also shaved the 2015 compensation for both its co-CEOs. Total pay for Monty Moran and Steve Ells last year fell by more than 50% each to $13.3M and $13.6M, respectively, and they didn't receive any bonuses.
    | Mon, Mar. 14, 2:16 AM | 9 Comments
  • Thu, Mar. 10, 2:59 PM
    | Thu, Mar. 10, 2:59 PM | 27 Comments
  • Thu, Mar. 10, 10:14 AM
    • The Chipotle (CMG -0.5%) restaurant in Massachusetts closed earlier this week will reopen today.
    • The incident has boiled down to a few workers being sick. No customers from the store reported any illness.
    • The company raised the bar on when employees must stay at home if they have illness symptoms in a company-wide meeting earlier this year.
    | Thu, Mar. 10, 10:14 AM
  • Tue, Mar. 8, 8:56 PM
    • Chipotle Mexican Grill (NYSE:CMG) -3.3% AH on news that one of its restaurants in Billerica, Mass., was shut down for a complete sanitization after employees became ill.
    • CMG says it does not know know if the employees are ill with Norovirus, and no known customer illnesses are connected to the specific restaurant.
    • The company is trying to recover after suffering several food-related illnesses, including E.Coli outbreaks in 14 states and two separate norovirus outbreaks.
    | Tue, Mar. 8, 8:56 PM | 43 Comments
  • Tue, Mar. 8, 10:41 AM
    • Wells Fargo thinks the free burrito deal by Chipotle (CMG -0.7%) was successful based off of channel checks of traffic in key cities after the promotion ended (~80% traffic sustained). The investment firm cuts its 2016 EPS estimate to $8.50, a mark that's still above the $8.32 Street consensus.
    • Sterne Agee isn't so sure. "As such, we believe it is likely that March will show a sequential deceleration in traffic trends versus February, which could be disappointing to the Street," reads a recent note from the investment firm.
    • Credit Suisse forecasts that Chipotle's Q1 same-store sales will decline about drop 30%. CS also warns on the cost of the promotion, lowering its Q1 EPS estimate to -$0.22.
    • What to watch: Chipotle presents at the Bank of America Merrill Lynch 2016 Consumer and Retail Tech Conference on March 16. Management will have a hard time walking away from the event without an update on Q1 sales.
    • Analysis: Top Short Idea For 2016: Chipotle Mexican Grill (Mar. 03 2016)
    • Analysis: Chipotle Mexican Grill - Still In A State Of Flux - Where To From Here? (Mar. 07 2016)
    | Tue, Mar. 8, 10:41 AM | 8 Comments
  • Fri, Mar. 4, 2:20 AM
    • Chipotle (NYSE:CMG) has hired crisis PR firm Burson-Marsteller as it works to recover from a string of food safety lapses and an E. coli outbreak that sickened hundreds and battered sales, PRWeek reports.
    • The move comes despite a fresh William Blair survey that displayed fading negative sentiment and more consumers that are willing to eat at the chain.
    • While Chipotle's stock is still down 18% since November (when store traffic got crushed), shares are up 9% so far this year.
    | Fri, Mar. 4, 2:20 AM | 13 Comments
  • Wed, Mar. 2, 11:13 AM
    • Chipotle (CMG +3.1%) tracks higher after CLSA boosts its price target on the Buy-rated restaurant stock to $613 due to an "uptick" in traffic last month compared to the dismal guest count seen in January and December.
    • The PT from CLSA implies moderate 16% upside for Chipotle, although the investment firm thinks shares are a "screaming buy" at some point down the road when trends stabilize.
    • What to watch: Chipotle is due to present at the Bank of America Merrill Lynch 2016 Consumer and Retail Tech Conference on March 16. Management is likely to give an update on February sales at the event if not sooner.
    | Wed, Mar. 2, 11:13 AM | 12 Comments
  • Mon, Feb. 29, 11:16 AM
    • Investors are taking a favorable view of the restaurant sector with 35 out of the 41 stocks in the group in positive territory on a flattish market day.
    • Some fresh data on household income is adding to the view that consumers may spend more at restaurants this year (average guest check +2.4% in January). Relatively stable weather in the U.S. during February may help the traffic comparison improve (-3.2% in January).
    • Notable gainers include Sonic (SONC +4.8%), Ruth's Hospitality (RUTH +4.3%), Chipotle (CMG +3.2%), Wingstop (WING +2.9%), Bojangles (BOJA +1.9%), Krispy Kreme Dougnuts (KKD +2.2%), and Chuy's Holdings (CHUY +2.4%).
    • Previously: Restaurant traffic clipped by weather in January (Feb. 12 2016)
    | Mon, Feb. 29, 11:16 AM
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