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Chipotle Mexican Grill, Inc. (CMG)

- NYSE
  • Tue, Aug. 18, 3:09 PM
    • Restaurant companies banking on high-growth concepts are trading lower than market averages today.
    • Sentiment is poor on Zoe's Kitchen (ZOES -6.9%), El Pollo Loco (LOCO -3%), Bojangles (BOJA -2.9%), Chuy's Holdings (CHUY -2%), Noodles (NDLS -2.1%), Panera Bread (PNRA -3%), and Restaurant Brands International (QSR -1.9%). Even fast-casual superstar Chipotle (CMG -1%) is a bit weak.
    • Restaurant traffic fell 1.2% in July on a comparable-store basis, according to Black Box Intelligence.
    • McDonald's which is dialing back moderately the number of U.S. stores it operates is moving the other direction.
    • Previously: McDonald's at 13-month high on turnaround hopes (Aug. 18 2015)
    | Tue, Aug. 18, 3:09 PM | 2 Comments
  • Wed, Jul. 22, 10:42 AM
    • Buyers of Chipotle (CMG +7.2%) during the after-hours session just after the company released Q2 numbers are now up ~16% off a striking turnaround.
    • Shares of Chipotle jumped to another all-time high despite the Q2 report which showed comparable-store sales growth decelerating to 4.3% from 17.3% a year ago.
    • Wall Street bullishness and a calm response from management on the earnings call appear to be behind the rally.
    • Previously: Chipotle talks menu prices, wages, and buybacks (Jul. 21 2015)
    • Previously: Chipotle +2.4% in post-earnings turn (Jul. 22 2015)
    | Wed, Jul. 22, 10:42 AM | 21 Comments
  • Tue, Jul. 21, 4:18 PM
    • Chipotle (CMG +0.9%) reports comparable-store sales rose 4.3% in Q2 vs. +10.4% in Q1 and +17.3% a year ago.
    • The company had guided for a low to mid single-digit rise in comps.
    • Higher menu prices were a larger factor again during the quarter more than traffic growth.
    • Restaurant level operating margin +70 bps Y/Y to 28.0%.
    • Food cost ratio -150 bps to 33.1% as price hikes and lower dairy and avocado prices factored in.
    • Store count +47 net Q/Q to 1,878.
    • Guidance: Chipotle's comp growth outlook for 2015 is for a low to mid-single digit rate increase. 190 to 205 new store openings expected.
    • CMG-4.94% to $643.05 after hours.
    | Tue, Jul. 21, 4:18 PM | 2 Comments
  • Fri, May 1, 9:04 AM
    • BMO Capital upgrades Chipotle (NYSE:CMG) to an Outperform rating after having a Neutral stance on the high-flyer.
    • The investment firm's updated price target of $760 accounts for a new runway of growth it sees for the restaurant chain and the potential for cash to be returned to shareholders.
    • BMO notes a deceleration in Chipotle's comp growth off the high teens marks of 2014 is widely expected and shouldn't create a disruption.
    • CMG +0.8% premarket to $626.05.
    | Fri, May 1, 9:04 AM | Comment!
  • Wed, Apr. 29, 1:22 PM
    • Restaurants stocks are falling harder than broad market averages with disappointing reports from Buffalo Wild Wings and Panera Bread raising some concerns.
    • Increasing labor and commodity costs are seen as a threat to margins across the group.
    • Today's GDP report may also be a factor in the sector falling out of favor for the day.
    • Decliners include Denny's (DENN -7%), Krispy Kreme Dougnuts (KKD -5.6%), Red Robin Gourmet Burgers (RRGB -5.9%), Kona Grill (KONA -6.6%), Texas Roadhouse (TXRH -5.9%), Jack in the Box (JACK -4.6%), Bloomin' Brands (BLMN -4.7%), El Pollo Loco (LOCO -4.6%), and Cracker Barrel (CBRL -4.8%).
    • Even momentum-fueled Chipotle (CMG -1.7%) and Habit Restaurants (HABT -1.7%) are peeling off some gains, while Shake Shack (NYSE:SHAK) is proving harder to knock down and is +0.2% on the day.
    • Previously: Panera Bread -2% after sluggish earnings print (April 28)
    • Previously: Buffalo Wild Wings slumps with chicken wing and labor costs a concern (April 28)
    | Wed, Apr. 29, 1:22 PM | 3 Comments
  • Wed, Apr. 22, 9:15 AM
    | Wed, Apr. 22, 9:15 AM | Comment!
  • Wed, Apr. 22, 9:08 AM
    • Investment firms are weighing in on Chipotle (NYSE:CMG) following the company's Q1 report and 2015 guidance.
    • Raymond James downgrades shares of the restaurant operator to Market Perform from Outperform.
    • Credit Suisse takes its price target down to $770 from $785, while keeping the company rated at Outperform.
    • Sterne Agee holds tight with a Buy rating and $766 price target.
    • Previously: Chipotle -4.7% as comp growth slows (Apr. 21 2015)
    • Previously: Chipotle tips new price hikes during earnings call (Apr. 21 2015)
    • CMG -5.41% premarket to $655.06.
    | Wed, Apr. 22, 9:08 AM | 1 Comment
  • Tue, Apr. 21, 5:37 PM
    | Tue, Apr. 21, 5:37 PM | Comment!
  • Tue, Apr. 21, 4:08 PM
    • Chipotle (CMG +0.9%) reports comparable-store sales rose 10.4% in Q1 vs. 11.6% expected and 16.1% in Q4.
    • Higher menu prices were a factor during the quarter.
    • Restaurant level operating margin +90 bps Q/Q and +160 bps Y/Y to 27.5%.
    • Food cost ratio -60 bps to 33.9% as price hikes offset higher beef and tortilla costs.
    • Store count +49 Q/Q to 1,831.
    • Guidance: Chipotle's comp growth outlook for 2015 is for a low to mid-single digit rate increase. 190 to 205 new store openings expected.
    • CMG -4.7% after-hours to $667.21.
    | Tue, Apr. 21, 4:08 PM | 3 Comments
  • Fri, Apr. 10, 10:01 AM
    • Chipotle (CMG +4%) breaks higher in early trading on strong volume without any news out from the company.
    • The stock has been meandering in a narrow trading range for most of the week.
    • Chipotle releases Q1 results on April 21 with analysts expecting revenue of $1.1B and EPS of $3.58. A large focus will be on the expected deceleration of same-store sales growth from their giddy levels of 2014. Traders expect some additional earnings volatility this year on the stock.
    | Fri, Apr. 10, 10:01 AM | 14 Comments
  • 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.
    | Wed, Mar. 11, 9:15 AM | 2 Comments
  • Wed, Feb. 4, 9:27 AM
    | Wed, Feb. 4, 9:27 AM | 3 Comments
  • Wed, Feb. 4, 9:13 AM
    | Wed, Feb. 4, 9:13 AM | 11 Comments
  • 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, 5:37 PM | 3 Comments
  • 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, 4:12 PM | 7 Comments
  • Wed, Jan. 14, 8:40 AM
    • Chipotle (NYSE:CMG) has pulled sales of pork items at close to a third of its restaurants after determining a supplier didn't comply with animal-welfare standards.
    • The supplier reportedly was raising pigs without any access to the outdoors.
    • CMG -0.6% premarket.
    | Wed, Jan. 14, 8:40 AM | 3 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