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Chipotle Mexican Grill, Inc. (CMG)

  • Fri, Mar. 13, 1:39 PM
    • Levy Acquisition plans to change its name to Del Taco after buying out the fast-food concept
    • Shares of the company will trade on the Nasdaq under the symbol LEVY.
    • The Del Taco chain has made an effort to expand its menu to include premium burritos and bowls in order to serve as a Chipotle (NYSE:CMG) and Taco Bell (NYSE:YUM) alternative.
    • Expanding Del Taco into emerging and established markets is part of the plan post-buyout.
    • Currently, Del Taco has about 550 restaurants in the U.S. across 16 states.
    | Comment!
  • Fri, Mar. 13, 11:36 AM
    • Chanticleer Holdings (HOTR +4%) is the restaurant stock which has shown the largest jump in sales per share for the last quarter, according to data from Marketwatch.
    • Chains with outlets operated or owned by Chanticleer includes Hooters, Just Fresh Restaurants, and American Burger Co.
    • Chanticleer's focus with Hooters is in developing the concept in new global markets.
    • Habit Restaurants (HABT -6.7%) and Frisch's Restaurants (FRSH -0.4%) were the next two on the sales-per-share growth list.
    • Chipotle (CMG -0.1%), despite all the focus on valuation by skeptics, ranked 4th by improving sales per share by 26% to $33.92 over the last year.
    | 1 Comment
  • Thu, Mar. 12, 4:15 AM
    • KFC (NYSE:YUM) and others may face pressure from consumer and environmental groups to change how its poultry are raised after McDonald's (NYSE:MCD) announced it would only source chickens raised without antibiotics identified as important to humans.
    • Both McDonald's and Yum are stepping up efforts to win back diners lured away by chains such as such as Chipotle (NYSE:CMG) and Panera Bread (NASDAQ:PNRA), which boast antibiotic-free meats.
    • Chicken stocks also took a hit yesterday on concerns that the push to remove antibiotics from hatcheries could raise costs or that inaction could crimp demand.
    • Previously: Chicken stocks hit by antibiotic concerns (Mar. 11 2015)
    • Previously: McDonald's unveils menu sourcing initiatives (Mar. 04 2015)
    | 1 Comment
  • Wed, Mar. 11, 9:15 AM
    • Credit Suisse launches coverage on Chipotle (NYSE:CMG) with a strong initiation at Outperform.
    • The investment firm sets a price target of $785 on the restaurant chain.
    • RBC Capital is also in a bullish mode on Chipotle, raising profit estimates and lifting its PT to $740.00
    • Citigroup has a Street-high PT of $809 on CMG.
    • A few Hold/Neutral ratings are out there on Chipotle, but a Sell rating from a major firm is missing.
    • CMG +0.2% premarket to $659.99.
  • Sat, Mar. 7, 10:13 AM
    • A powerhouse quarter of improved comps and widened margins is in the books for the restaurant industry as investors look forward to see if the trend extends.
    • The industry is in a growth phase with eating and drinking establishments adding 58.7K jobs in February on a seasonally adjusted basis to mark the biggest monthly gain since December of 2012.
    • The early read on Q1 traffic is favorable (ex-weather), although chains could see some wage inflation pressure and innovation outlays with differentiated concepts popping up at Habit Restaurants (NASDAQ:HABT), Zoe's Kitchen (NYSE:ZOES), Shake Shack (NYSE:SHAK), and a host of others.
    • Major digital initiatives at chains such as Panera Bread (NASDAQ:PNRA) and Starbucks (NASDAQ:SBUX) also have the potential to be disruptive.
    • A few screens to pick through the restaurant stock menu are listed below.
    • Lowest forward P/E ratio: McDonald's (NYSE:MCD), Ruth's Hospitality (NASDAQ:RUTH), and Cracker Barrel (NASDAQ:CBRL).
    • Lowest price/free cash flow ratio: Ruby Tuesday (NYSE:RT), Nathan's (NASDAQ:NATH), Jack in the Box (NASDAQ:JACK).
    • Dividend yield +3%: DineEquity (NYSE:DIN), Darden Restaurants (NYSE:DRI), McDonald's, and Arcos Dorados (NYSE:ARCO).
    • Top YTD performers: Jack in the Box (JACK), Wendy's (NASDAQ:WEN), Sonic (NASDAQ:SONC), El Pollo LoCo (NASDAQ:LOCO).
    • PEG ratio below 2.00: Chuy's Holdings (NASDAQ:CHUY), Ruth's Hospitality, Krispy Kreme Donuts (NYSE:KKD), Cheesecake Factory (NASDAQ:CAKE), Brinker International (NYSE:EAT), Denny's (NASDAQ:DENN), Buffalo Wild Wings (NASDAQ:BWLD).
    • Short ratio below 2%: Yum Brands (NYSE:YUM), Jack in the Box (JACK), Chipotle (NYSE:CMG), DineEquity, Bloomin' Brands (NASDAQ:BLMN), Denny's (DENN), McDonald's (MCD).
    • Previously: Restaurant stocks continue hot streak (Feb. 24)
  • Thu, Feb. 12, 9:43 AM
  • Wed, Feb. 11, 10:37 AM
  • Fri, Feb. 6, 2:45 PM
    • Argus analyst John Staszak thinks investors have overreacted by knocking 9% off Chipotle Mexican Grill’s (CMG -1.4%) stock price since the Q4 earnings report.
    • In maintaining his Buy rating, the analyst notes that CMG posted generally strong sales in the quarter, and that its 17.6% operating margin is still about double that of many restaurant chains.
    • While CMG’s valuation multiples remain high, Stasnak believes the current share price inadequately values prospects for strong same-store sales and the company’s aggressive unit expansion plans, and raises his stock price target to $780 from $750.
  • Thu, Feb. 5, 11:12 AM
    • The IPO action on Grilled Cheese Truck (OTCQB:GRLD) looks a bit like a sign of a bull market top, according to Barry Ritholtz.
    • His case seems rather compelling.
    • Grilled Cheese Truck trades with a $107.4M market cap off of 9-month revenue of $2.6M and assets of $1M.
    • The company looks like it provides a great service in the L.A. area and even has the 4 trucks to prove it.
    • On a broader scale, some names in the restaurant sector have been identified by analysts as looking frothy.
    • Habit Restaurants (NASDAQ:HABT), Shake Shack (NYSE:SHAK), Zoes Kitchen (NYSE:ZOES), Chipotle (NYSE:CMG), Potbelly (NASDAQ:PBPB), and Noodles (NASDAQ:NDLS) have all heard the take.
  • Wed, Feb. 4, 2:49 PM
    • Chipotle (CMG -6.5%) disclosed during its earnings call that it doesn't expect to raise menu prices broadly in 2015.
    • The company will add a surcharge on steak and barbacoa items if beef input costs remain elevated.
    • Chipotle's price hike last year helped boost its average ticket by 8.3% in Q4.
    • The company says new concepts ShopHouse Southeast Asian Kitchen and Pizzeria Locale are still in the early stages.
    • Though Chipotle is seeking to develop the new chains, most of the company's growth for the foreseeable future is tied to the namesake brand.
    • Previously: Chipotle -6.1% after comp growth slowdown guide (Feb. 3)
    • CMG earnings call transcript
    | 1 Comment
  • Wed, Feb. 4, 9:27 AM
  • Wed, Feb. 4, 9:13 AM
  • Tue, Feb. 3, 5:37 PM
    • Top gainers, as of 5:15 p.m.: ENTR +7.8%. MXL +5.6%. CRMD +5.0%. DWTI +4.7%. TTWO +4.6%.
    • Top losers, as of 5:15 p.m.: MYGN -15.4%. PLNR -8.5%. BC -8.4%. CMG -6.9%. WTW -5.8%.
  • Tue, Feb. 3, 4:12 PM
    • Chipotle (NYSE:CMG) reports comparable-store sales rose 16.1% in Q4.
    • Analyst estimates for comp sales ranged from 14% to 17%.
    • Restaurant level operating margin +100 bps to 26.6% as sales leverage kicked in.
    • Food cost ratio +110 bps to 35.0%.
    • Store count +60 Q/Q to 1,783.
    • Guidance: Chipotle's comp growth projection of a low to mid-single digit rate trails the 8% consensus estimate.
    • CMG -6.1% after-hours.
  • Tue, Feb. 3, 4:03 PM
    • Chipotle Mexican Grill (NYSE:CMG): Q4 EPS of $3.84 beats by $0.05.
    • Revenue of $1.07B (+26.8% Y/Y) in-line.
    • Shares -6.07%.
    • Press Release
  • Tue, Feb. 3, 11:15 AM
    • The integration of mobile ordering is a major theme in the restaurant industry this year.
    • Starbucks (NASDAQ:SBUX) and Domino's Pizza (NYSE:DPZ) have raised the bar the highest, while peers have gone into chase mode.
    • Today, Wendy's (NASDAQ:WEN) reported a significant 3% sales lift in a 35-unit test run of an app order/dedicated drive-through program (h/t Barbarian Capital, Wendy's Investor Day webcast ).
    • Two companies struggling with their drive-through windows due to kitchen complexity, Panera Bread (NASDAQ:PNRA) and McDonald's (NYSE:MCD), have their eyes on in-store ways to boost sales. In the case of McDonald's, the plan is to use self-order kiosks.
    • Chipotle (NYSE:CMG) reports Q4 results after the bell today where there will be a focus on if the company's new mobile app had any impact on pick-up orders.
    | Comment!
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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