Chipotle Mexican Grill, Inc.NYSE
Advanced Chart
  • Today, 4:22 PM
    • Chipotle (NYSE:CMG) misses estimates with a 21.9% drop in comparable sales for Q3. Analysts expected a decline of 18%.
    • Comparable transactions were down 15% as promotional activity accounted for the discrepancy between the two marks.
    • Restaurant-level operating margin sank to 14.1% from 28.3% a year ago.
    • Food costs as a percentage of sales rose 210 bps to 35.1%.
    • G&A expenses were up 180 bps to 7.6%, due to the lower level of sales.
    • Chipotle says its expects comparable restaurant sales to fall in the low single-digits for Q4. The chain starts to lap the period from last year when food contamination incidents occurred, which will help the comparison.
    • The company expects to open 220 to 235 restaurants this year.
    • Previously: Chipotle Mexican Grill misses by $1.32, misses on revenue (Oct. 25)
    • CMG +0.69% AH to $407.50.
    | Today, 4:22 PM | 13 Comments
  • Today, 4:17 PM
    • Chipotle Mexican Grill (NYSE:CMG): Q3 Adj. EPS of $0.56 misses by $1.03; GAAP EPS of $0.27.
    • Revenue of $1.04B (-14.8% Y/Y) misses by $50M.
    • Shares +1.9%.
    • Press Release
    | Today, 4:17 PM | 31 Comments
  • Today, 10:01 AM
    • Restaurant stocks are reeling after disappointing reports from Sonic (SONC -19.5%) and Brinker International (EAT -6.6%) to follow on some sluggish reads from other chains last week.
    • The two companies operate in different restaurant categories, but both cited some of the same traffic and labor costs issues.
    • Early decliners include Jack In The Box (JACK -3.4%), Wendy's (WEN -2.7%), Buffalo Wild Wings (BWLD -1.6%), Habit Restaurants (HABT -3.5%) and The Cheesecake Factory (CAKE -3.2%).
    • Chipotle (CMG +0.2%) and Panera Bread (PNRA -2.1%) are next in line, with their earnings due later today after the market closes in what are highly-anticipated reports.
    • Related ETF: BITE.
    | Today, 10:01 AM | 9 Comments
  • Yesterday, 5:35 PM
  • Wed, Oct. 19, 1:17 PM
    • Barron's has introduced a tracking index of stocks favored by younger consumers.
    • Though the combined performance on the group of 50 stocks smashed the returns of the S&P 500 over the last five years, this year it lags slightly so far.
    • As expected, the price-earnings ratio of the Barron's Next 50 Index skews higher due to the focus on longer-term millennial growth.
    • Some of the companies making the initial list are Amazon (NASDAQ:AMZN), Barnes & Noble Education (NYSE:BNED), Boston Beer (NYSE:SAM), Chipotle (NYSE:CMG), Etsy (NASDAQ:ETSY), GameStop (NYSE:GME), GoPro (NASDAQ:GPRO), GrubHub (NYSE:GRUB), Kate Spade (NYSE:KATE), Live Nation (NASDAQ:LIVE), Lululemon (NASDAQ:LULU), MasterCard (NYSE:MA), Match Group (NASDAQ:MTCH), Monster Beverage (NASDAQ:MNST), Shake Shack (NYSE:SHAK), Square (NYSE:SQ), and Yelp (NYSE:YELP).
    • A millennial-focused ETF launched last spring, the Global X Millennial Thematic ETF (NASDAQ:MILN), has outperformed the S&P 500 Index over its brief history.
    | Wed, Oct. 19, 1:17 PM | 73 Comments
  • Tue, Oct. 18, 1:03 PM
    • Chipotle (CMG -0.3%) could be suffering from a "permanent" loss of customers, according to a harsh assessment from Raymond James.
    • The investment firm doesn't see comparable sales returning to prior levels and warns of further share deterioration.
    • CMG is rated at Underperform by RJ.
    • Shares of Chipotle are down 46% over the last year and bottomed out at $384.77 in August.
    • Looking for the flip side of the CMG argument? There's plenty of positive takes on Chipotle's future posted by Seeking Alpha contributors.
    | Tue, Oct. 18, 1:03 PM | 24 Comments
  • Mon, Oct. 17, 11:12 AM
    • Nomura CMG)%3A+Cutting+SSS+Ests+And+PT+Based+On+Checks+-+Nomura/12136869.html" target="_blank">keeps a Neutral rating on Chipotle (CMG -1.8%) ahead of the company's Q3 earnings report.
    • The investment reduces estimates on Chiptole after digesting channel checks. The new forecast for Q3 same-store sales growth goes to -19.5% vs. -17.9% consensus.
    • The price target on CMG is dropped to $372 from $405.
    • Chipotle is due to spill numbers on October 25.
    | Mon, Oct. 17, 11:12 AM | 10 Comments
  • Fri, Oct. 14, 2:54 PM
    • Piper Jaffray is out with the results of its annual Taking Stock With Teens Survey. The top brands listed by the 10K teens included in the survey are posted below.
    • Top clothing brands: Nike (NYSE:NKE) 29%, American Eagle Outfitters (NYSE:AEO) 9%, Forever 21 5%, Ralph Lauren (NYSE:RL) 4%, Urban Outfitters (NASDAQ:URBN) 3%.
    • Top handbag brands: Michael Kors (NYSE:KORS) 34%, Kate Spade (NYSE:KATE) 19%, Coach (NYSE:COH) 10%, Louis Vuitton (OTCPK:LVMHF) 5%, Longchamp Vera Bradley (NASDAQ:VRA) 3%.
    • Top footwear brands: Nike 51%, Vans (NYSE:VFC) 9%, Converse 7%, Adidas (OTCQX:ADDYY) 6%, Steven Madden (NASDAQ:SHOO) 2%.
    • Top restaurant chains: Starbucks (NASDAQ:SBUX) 14%, Chipotle (NYSE:CMG) 11%, Chick-fil-A 10%, Taco Bell (NYSE:YUM) 3%, Panera Bread (NASDAQ:PNRA) 3%, McDonald's (NYSE:MCD) 3%, Olive Garden (NYSE:DRI) 3%.
    • Nothing earth-shattering in the tech results, dominating teen mindspace are Snapchat (Private:CHAT), YouTube, Instagram and Netflix (NASDAQ:NFLX).
    | Fri, Oct. 14, 2:54 PM | 43 Comments
  • Tue, Oct. 4, 5:06 AM
    • Don't spill your coffee in excitement, but it's National Taco Day today.
    • The holiday coincides with the introduction today by Chipotle (NYSE:CMG) of chorizo in all U.S. restaurants. Chipotle's summer loyalty program and several promotions aimed at kids ended in September, with the restaurant operator desperately looking to return to some normal pricing.
    • The intense competitive cadence from Chipotle has impacted other Mexican food chains such as Taco Bell (NYSE:YUM), Del Taco (NASDAQ:TACO), El Pollo Loco (NASDAQ:LOCO), Chevy's Fresh Mex (private), and Qdoba (NASDAQ:JACK). That group is also looking to improve their average ticket at restaurants through higher prices.
    | Tue, Oct. 4, 5:06 AM | 7 Comments
  • Mon, Oct. 3, 9:08 AM
    • Chipotle (NYSE:CMG) announces it will roll out chorizo in all U.S. restaurants after a successful test run in five markets.
    • The addition of the spicy sausage to the Chipotle menu has already been a talking point for bullish-leaning analysts covering the restaurant stock.
    • Chipotle closed at $423.50 on Friday vs. a 52-week range of $384.77 to $757.00.
    • Source: Press Release
    | Mon, Oct. 3, 9:08 AM | 10 Comments
  • Tue, Sep. 27, 1:41 PM
    • Chipotle (CMG -0.2%announces it will use a special antimicrobial disinfectant solution produced by PURE Bioscience (NASDAQ:PURE) in all U.S. restaurants.
    • The disinfectant is expected to be productive in preventing notovirus outbreaks and bacteria contamination.
    • The development is doing wonders for the shares of microcap Pure Bioscience.
    • PURE +14.57% to $1.14.
    | Tue, Sep. 27, 1:41 PM | 15 Comments
  • Wed, Sep. 21, 3:40 PM
    | Wed, Sep. 21, 3:40 PM | 11 Comments
  • Wed, Sep. 21, 8:29 AM
    • Goldman Sachs cuts targets on Chipotle (NYSE:CMG) after factoring in a drop in web/app traffic in August as Chiptopia enthusiasm died down considerably (49.7 search interest index vs. 77.7 in July via ZeroHedge).
    • GS sees a FQ4 comp of -21.4%, compared to its prior forecast of -18.4% and the consensus estimate of -17.7%.
    • Shares of Chipotle are down 0.36% premarket to $398.98.
    | Wed, Sep. 21, 8:29 AM | 10 Comments
  • Mon, Sep. 19, 9:38 AM
    • Chipotle (CMG -0.1%) is hyping its student promotion aimed at increasing store traffic.
    • All high school and college students with a valid ID can receive a free fountain soft drink or iced tea with any in-store entree purchase during the month of September.
    • The promotion was first announced in late August.
    • The company notes that transactions that include the free drink will still count toward the Chiptopia loyalty program.
    • Source: Press Release
    | Mon, Sep. 19, 9:38 AM | 7 Comments
  • Wed, Sep. 14, 9:46 AM
    • Chipotle (CMG +0.2%) announces that it's looking to hire 5K new employees as part of  its National Career Day event on September 28. Last year, the restaurant chain had a target of 4K hires for the career day blitz.
    • The company currently employs more than 60K people.
    • Chipotle PR:  "Unlike most companies in the traditional fast food and fast casual industries, Chipotle offers all employees significant career advancement opportunities, as well as compensation and benefits above industry standard."
    | Wed, Sep. 14, 9:46 AM | 2 Comments
  • Tue, Sep. 13, 10:47 AM
    • The sluggish pace of restaurant sales in the U.S. is partially because of weakness in the lunch daypart, according to The NPD Group.
    • Data from NPD suggests that consumers are pushing back against high menu prices, especially in the fast-casual sector.
    • Another trend that may be factoring in is the increased percentage of employees working out of their house and skipping the lunchtime restaurant rush.
    • NPD reports that lunch traffic fell 4% in Q2, compared to a 1% drop for dinner traffic and a 1% increase in breakfast visits.
    • Lunchtime blues? - Zoe's Kitchen (NYSE:ZOES), El Pollo Loco (NASDAQ:LOCO), Potbelly (NASDAQ:PBPB), Noodles (NASDAQ:NDLS), Panera Bread (NASDAQ:PNRA), Chipotle (NYSE:CMG), Steak 'n Shake (NYSE:BH), Qdoba (NASDAQ:JACK), Shake Shack (NYSE:SHAK), Habit Restaurants (NASDAQ:HABT), Cosi (NASDAQ:COSI).
    | Tue, Sep. 13, 10:47 AM | 14 Comments