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Chipotle Mexican Grill, Inc. (CMG)

  • 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.
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  • 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. 22, 9:15 AM
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  • 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.
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  • Tue, Apr. 21, 5:37 PM
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  • 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.
  • 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.
  • 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, 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.
  • 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.
  • Thu, Jan. 8, 11:26 AM
    • Citi takes a bullish view on select names in the restaurant sector.
    • Wendy's (WEN +1%) is initiated at Buy with a $11 price target. Analyst Gregory Badishkanian sees some of the company's initiatives helping to draw in millennials.
    • Coverage on Chipotle (CMG +3.5%) is assumed again at a Buy with a $809 PT. Shares of CMG are at an all-time high after taking out $700 earlier this week.
    • The investment firm is also backing Restaurant Brands (QSR +2.7%) and Brinker International (EAT +1.1%) for gains with resumed Buy ratings.
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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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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