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Chipotle Mexican Grill, Inc. (CMG)

- NYSE
  • Nov. 19, 2014, 9:17 AM
    • Chipotle (NYSE:CMG) plans to stick with its strategy of forsaking holiday promotions after several years of outpacing rivals full of Q4 deals and gimmicks.
    • Over the last three years, Chipotle has improved comparable-store sales on average by 8.1% in Q4 to easily top the pace of holiday-intense McDonald's, Starbucks, and Dunkin' Donuts.
    • Extra costs have piled up for many restaurant chains to market and supply their holiday menu items.
    • Chipotle will offer some catering specials this year for holiday work events.
    | 1 Comment
  • Nov. 18, 2014, 3:24 PM
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  • Oct. 22, 2014, 12:01 PM
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  • Oct. 21, 2014, 9:44 AM
    • Execs with Chipotle (CMG -4.2%) say they see adding 190 to 205 restaurants next year as a "sensible" growth rate, but decline to give store count guidance beyond 2015.
    • Comp sales growth of close to 20% was achieved mainly through traffic increases (not pricing). Chipotle's comp gain would have been slightly higher if not for a customer trade down from steak to chicken during the quarter.
    • No surprise, but the company warns the sizzling comp growth numbers are likely to fall back as the company laps quarters which included price hikes.
    • The company says it plans to open a small number of grocery restaurants in 2015.
    • Though checkout speed has been impressive for Chipotle compared to peers, management still sees room for improvement. The average restaurant turns over just a third of the high end mark of 350 transactions per hour.
    • There's no plans to roll out Apple Pay capabilities at stores.
    • Earnings call transcript
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  • Oct. 20, 2014, 4:08 PM
    • Chipotle (NYSE:CMG) reports comparable-restaurant sales rose 19.8% in Q3.
    • Restaurant-level operating margin +200 bps to 28.8% as sales leverage overrode higher beef and avocados pricing.
    • The company notes the quarter included a full month of higher menu prices.
    • Food costs ratio +70 bps to 34.3%.
    • Store count +43 to 1,724.
    • 2014 guidance: The outlook is for a mid-teens comparable-restaurant sales growth mark. 180 to 195 new restaurant openings anticipated.
    • 2015 guidance: The company expects a low to mid-single digit comp as it starts lapping the quarters with price hikes. 190 to 205 new restaurants are forecast to be opened.
    • CMG -2.2% AH.
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  • Oct. 20, 2014, 4:03 PM
    • Chipotle Mexican Grill (NYSE:CMG): Q3 EPS of $4.15 beats by $0.31.
    • Revenue of $1.08B (+30.6% Y/Y) beats by $20M.
    • Shares -1.23%.
    • Press Release
    | 9 Comments
  • Oct. 20, 2014, 1:49 PM
    • Shares of Chipotle (CMG +1.2%) trade higher heading into the company's Q3 earnings release after the bell today.
    • Analysts expect EPS of $3.84 on revenue of $1.06B.
    • The read from the restaurant operator on beef costs for Q4 and into 2015 will be closely watched.
    • Chipotle has already posted a pair of post-earnings rallies this year after reporting a sizzling pace of comparable-restaurant sales of 13.4% in Q1 and 17.3% in Q2. The forecast for Q3 is for another double-digit comp.
    • Chipotle earnings preview
    | 2 Comments
  • Oct. 19, 2014, 5:35 PM
  • Oct. 3, 2014, 7:44 AM
    • Qdoba (NASDAQ:JACK) is out with an aggressive promotion that will be closely watched by the restaurant industry.
    • The chain will offer guacamole, queso, and fajita vegetables for free when ordered as burrito or taco side beginning on October 14.
    • The initiative is part of an effort to give Qdoba a value edge, although some menu prices may increase slightly as an offset.
    • Chipotle (NYSE:CMG) currently charges $1.95 for guacamole as an extra (menu) with the company often citing the high input costs for the item.
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  • Sep. 23, 2014, 1:41 PM
    • Traffic to quick-service restaurants was flat for the year ending on June 30, according to data compiled by the NPD Group.
    • Establishments with an average check price of $10-$20 saw more traffic growth than sub-$10 outlets.
    • Fine dining restaurants saw a 3% increase in visits over the period.
    • The research firm says "cultural and economic phenomenon" have created a shift in consumer dining habits that may be permanent.
    • Restaurants stocks: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, THI, BDL, NATH, LUB, BKW, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN.
    | 4 Comments
  • Sep. 10, 2014, 3:33 PM
    • It's Chipotle's (CMG +0.1%) turn to hear from angry workers as a store at Penn State was forced to close temporarily on complaints from workers of sweatshop conditions.
    • The Penn State student newspaper broke the story of the employee revolt and reports that a regional Chipotle manager from Pittsburgh was on the scene.
    • What to watch: The fast-food sector has seen an increasing level of protests over low wages and working conditions over the last few weeks. Analysts think the temperature of the protests could be dialed up even hotter as November elections draw closer.
    | 6 Comments
  • Sep. 10, 2014, 7:54 AM
    • Oppenheimer raises its price target on Chipotle (NYSE:CMG) to $775 from $700.
    • The investment firm has CMG slotted with an Outperform rating.
    • Looking for a Chipotle bear? DoubleLine Capital's Jeffrey Gundlach admits candidly to being wrong about the prolonged rally in Chipotle, although he still calls the stock "horribly, horribly overvalued" looking ahead.
    | 1 Comment
  • Aug. 29, 2014, 10:15 AM
    • Traffic is still exceedingly strong at Chipotle (CMG -0.5%) stores, tips OTR Global.
    • Chipotle has been implementing price increases on a variety of menu items.
    • Same-store sales for Chipotle dazzled in Q2 with a 17.3% Y/Y rise.
    • Last week, Cleveland Research came up with the same conclusion as OTR Global on Q3 trends at Chipotle.
    | 2 Comments
  • Aug. 27, 2014, 3:25 PM
    • Execs with Chipotle (CMG -1.1%) are full of swagger after blasting away restaurant peers with a 17% gain in comparable-store sales in Q2.
    • The general take from inside the Denver juggernaut is that no other company is accomplishing what Chipotle is doing at scale and in a sustainable fashion.
    • Co-CEO Monty Moran goes as far as to say the traditional QSR game of value meals and "cheapening" the food experience is going away. Though he didn't name names, his description brings burger giant McDonald's (MCD +0.5%) and Burger King (BKW -3%) to mind.
    • What to watch: Chipotle is planning to apply some of the same principles that worked with the burrito chain to the ShopHouse and Pizzeria Locale concepts.
    | 9 Comments
  • Aug. 25, 2014, 1:54 PM
    • Larger restaurant chain operators might be looking to buy their way into growth to follow the lead of Burger King Worldwide, speculates MarketWatch.com
    • A filtered ranking of the top 10 North American restaurant chains with the best growth of sales per share ended up with Chipotle (CMG) and Buffalo Wild Wings (BWLD +2.1%) at the top of the list.
    • Sorting the list by lowest forward P-E ratio leaves Texas Roadhouse (TXRH +1.9%), Cheesecake Factory (CAKE +1.4%), and (perhaps a surprise) Yum Brands (YUM +0.9%) looking like potential M&A targets.
    • Other restaurant stocks: CBRL, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WENBDL, NATHLUB, BKW, CHUY, BLMN, PZZADENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN.
    | 9 Comments
  • Aug. 21, 2014, 9:22 AM
    • Shares of Chipotle (NYSE:CMG) are frisky in premarket action after Cleveland Research releases a note to investors on the restaurant operator.
    • The investment firm expects Q3 comps to accelerate once again as price increases kick in.
    • CMG +2.1% premarket
    | 2 Comments
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Company Description
Chipotle Mexican Grill Inc operates Chipotle Mexican Grill restaurants, which serves a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads, made using fresh ingredients.
Sector: Services
Industry: Restaurants
Country: United States