467.36 +1.86 (0.40%)
Pre-Market: 8:05AM EDT
|Bid||464.50 x 900|
|Ask||467.58 x 900|
|Day's Range||462.16 - 470.76|
|52 Week Range||247.52 - 472.31|
|PE Ratio (TTM)||69.57|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||385.25|
Last night, Starbucks (NASDAQ:SBUX) broke news that investors are hating this morning. In their communique, SBUX management lowered their guidance on comparable sales. This was the cause that sent Chipotle Mexican Grill (NYSE:CMG) plummeting into a stock death spiral.
The up-and-coming Mid-Market area has become a budding neighborhood for restaurant operators. And with its huge influx of employees, the Financial District continues to lead with the lunch crowd.
For long term investors, improvement in profitability and outperformance against the industry can be important characteristics in a stock. In this article, I will take a look at Chipotle MexicanRead More...
On Monday morning, investors came out strong and bought the trade-war dip. On Tuesday, it took more convincing, but bulls reluctantly bid U.S. equities off their lows. I don’t know how much longer they can handle it though and if trade talks intensify, U.S. stocks look likely to head lower. That’s why on days like this, I like to look for strength, which you’ll see in our top stock trades below.Top Stock Trades for Tomorrow No. 1: Netflix (NFLX)
While cryptocurrencies like bitcoin are falling in value, the authors of the Blockchain Revolution insist its day has just begun. Don Tapscott and his son Alex, who co-authored the book, then founded the Blockchain Research Institute around it, are about to release an update, making this a good time to see where the revolution stands. A blockchain is simple in concept.
Shares of Twitter TWTR , Netflix NFLX , Chipotle CMG , Under Armour UAA and TripAdvisor TRIP have two clear things in common. If those Wall Street price targets are any indication, they could be due for a pullback. Netflix, the second-best performer in the S&P 500, has gained 105 percent so far this year, putting it 15 percent above its average price target.
As of June 14, Shake Shack (SHAK) was trading at $65.12. On the same day, analysts expected the company’s stock price to reach $49.8 in next 12 months, which represents a fall of 23.5% from its current stock price. Strong first-quarter earnings and higher 2018 guidance by Shake Shack’s management prompted analysts to raise their target price.
William Ackman's private hedge fund has gained more than 9 percent this year while his publicly traded fund is up double digits, marking a dramatic reversal for the billionaire investor after three years of losses. Pershing Square International climbed 9.3 percent from January through June 12, an investor in the fund said on Thursday. Pershing Square Holdings, the largest fund managed by Ackman's New York-based Pershing Square Capital Management, has climbed 11.4 percent since January, Pershing Square told clients late on Wednesday.
Subway is bowing out of the breakfast fast-food market. The world's largest fast-food chain, famous for its $5 foot-long sandwiches, has begun to let franchisees opt out of selling breakfast at their locations, according to a recent Bloomberg report. Increased competition, staffing issues and just a sheer lack of interest in breakfast options at some locations were a few of the factors that contributed to the decision.
New looks, layouts and practices in Chipotle Mexican Grill (CMG) kitchens will be crucial to growth for the burrito chain, according to new research. “The kitchen is essential in unlocking innovation,” Guggenheim analysts wrote Wednesday. • It could lengthen the business day in ways beyond breakfast offerings, which new CEO Brian Niccol has said aren’t likely.
DENVER, June 13, 2018 /PRNewswire/ -- Chipotle Mexican Grill (CMG) announced that it will host a conference call to discuss second quarter 2018 financial results on Thursday, July 26 at 4:30 PM Eastern time. A press release with second quarter 2018 financial results will be issued at approximately 4:10 PM Eastern time on July 26. An archived webcast will be available approximately one hour after the end of the call.
SAN FRANCISCO, June 13, 2018 /PRNewswire/ -- Quantifind is pleased to announce the addition of Chipotle Mexican Grill (CMG) to its expanding client roster. The fast casual chain which saw around $4.5 billion in revenue last year across more than 2,400 locations will now have direct access to the Quantifind platform, which combines and analyzes millions of first and third-party unstructured consumer conversations for its client brands and their competitors. Chipotle will gain best-in-class, real-time analytics explaining the motivations behind customer buying decisions.
DENVER, June 11, 2018 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (CMG) today announced that it will host a conference call to discuss second quarter 2018 financial results on July 24 at 4:30 PM Eastern time. A press release with second quarter 2018 financial results will be issued at approximately 4:10 PM Eastern time that same day. International callers can dial 1-201-389-0879.
William and Blair Co. teamed up with Survey Monkey to take a look at Chipotle Mexican Grill Inc.'s popularity among consumers.The results showed that Chipotle has been falling out of favor with consumers. About 53% of survey respondents said that they are eating less at Chipotle. About 41% of respondents said that they were eating out less often, but 36% said that the lack of Chipotle in their lives has to do with food safety.
McDonald’s Corporation (NYSE:MCD) has begun to focus on a turnaround. Now, the company plans to lay off workers and put in a new field structure to better support franchises. Given increasing valuations and falling revenues, investors should avoid McDonald’s stock.
Bill Ackman's hedge fund notched a double-digit gain in May, posting its second-best month since going public.
Strong earnings growth is one way to do it, and appears to be exactly what is giving hated stocks like Chipotle Mexican Grill Inc. ( CMG), Under Armour Inc. ( UAA) and TripAdvisor Inc. ( TRIP) the momentum to outperform the market. As Q2 earnings season gets underway, estimated earnings growth for S&P 500 companies is 18.9%, which would make this quarter the second highest since the first quarter of 2011. Once weighed down by a number of food safety incidents, including outbreaks of E.coli and norovirus between 2015 and 2017, Chipotle is making significant gains, most recently on strong earnings.
Chipotle can reconnect with customers by putting more focus on value, according to new research. “Every turnaround we have observed has hinged on re-establishment of a strong value proposition,” Bernstein analysts wrote Thursday. “Consumers are acutely aware of relative value propositions versus other restaurants and the ever-present competition of eating at home.” In a note, the analysts suggested two ways the company — which brought in a new CEO earlier this year to guide a turnaround — could do a better job of telling customers its value story: • Using marketing to more effectively convince diners of the value Chipotle Mexican Grill (CMG) already offers in terms of portion size for the money.
If you just look at headlines, you might jump to the conclusion that Procter & Gamble , Athenahealth and Chipotle Mexican Grill are all stocks that so-called activist investors have targeted. But I'd posit that only ATHN truly is.
NEW YORK, NY / ACCESSWIRE / June 6, 2018 / It was a grim day for Starbucks shares as investors continued to mourn the loss of Howard Schultz, who will be leaving the company at the end of the month. Shares of Chipotle were seeing green after getting an upped price target from Peter Saleh of BTIG. Starbucks Corporation shares closed down 2.44% on nearly 18.3 million shares traded in Tuesday's trading session.
Since the beginning of 2018, Chipotle’s stock price has increased 53.6%. The appointment of Brian Niccol and Chris Brandt as the company’s new CEO and chief marketing officer, respectively, along with strong first-quarter earnings appear to have led to a rise in the company’s stock price. In the first quarter, Chipotle posted an adjusted EPS of $2.13 on revenues of $1.2 billion—compared to analysts’ EPS estimate of $1.57 on revenues of $1.2 billion. For a detailed analysis of Chipotle’s first-quarter earnings, read Chipotle Stock Rose over 10% after Hours on Strong 1Q18 Earnings.
On June 4, Peter Saleh of BTIG raised Chipotle Mexican Grill’s (CMG) target price from $460 to $500 and maintained a “buy” rating. The new target price represents a return potential of 12.7% from Chipotle’s current stock price.
To find out how to play them, Jim Cramer dedicated his "Off the Charts" segment on Mad Money Monday to looking over the charts with colleague Bob Lang, the founder of ExplosiveOptions.net, and a contributor to TheStreet.com's Trifecta Stocks newsletter. Lang told Cramer he particularly likes the charts of three companies that run Mexican fast casual restaurants. Lang and Cramer started by looking at the chart of Chipotle.
CNBC's Leslie Picker breaks down the investment strategy and stocks that have helped Bill Ackman's Pershing Square Holdings post solid gains so far this year, following years of losses.