CMG - Chipotle Mexican Grill, Inc.

NYSE - NYSE Delayed Price. Currency in USD
805.44
-13.71 (-1.67%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close819.15
Open815.12
Bid803.50 x 1000
Ask804.59 x 900
Day's Range802.21 - 824.18
52 Week Range383.20 - 831.59
Volume380,147
Avg. Volume472,325
Market Cap22.329B
Beta (3Y Monthly)1.19
PE Ratio (TTM)90.85
EPS (TTM)8.87
Earnings DateOct 23, 2019 - Oct 28, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est768.65
Trade prices are not sourced from all markets
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    Chipotle Mexican Grill Inc (CMG) CFO Jack Hartung Sold $1.4 million of Shares

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  • For Business, Veganism Is the New Vaping
    Bloomberg

    For Business, Veganism Is the New Vaping

    (Bloomberg Opinion) -- Big food is salivating over fake meat after the blockbuster initial public offering of Beyond Meat Inc., the leading plant-based protein brand, in May.  Traditional producers have rushed into the booming market for meat substitutes, which threaten to take a slice of their business. Tyson Foods Inc. was an early investor in Beyond Meat, but sold its stake before the company’s trading debut and announced its own line of faux meat. Other U.S. companies, such as Smithfield Foods Inc., are introducing alternative protein products. European giants are getting in on the act too, with Nestle SA snapping up California-based Sweet Earth two years ago and Unilever NV buying The Vegetarian Butcher last year.It’s a familiar playbook. The big drinks companies have bought craft brewers. Major cosmetics houses are blending more artisan scents into perfumes. But there’s one segment where the similarities – and potential pitfalls -- are striking: tobacco, which is trying to woo smokers with the products they describe as lower risk, such as electronic cigarettes. Just as the tobacco industry has turned to vaping products to cope with high taxes and declining rates of smoking, big food sees a growing market for meat substitutes as people eat less animal protein and governments slap taxes on their other unhealthy products (and even consider levies on red meat). But traditional food manufacturers eager for vegan profits may struggle with some of the same obstacles tobacco has faced with vaping: adoption and regulation.Just look at Japan. It’s the most developed nation for devices that heat, rather than burn, tobacco, accounting for about 25% of the market. While tech-savvy early adopters were quick to switch to the new devices, older generations were slower to follow suit.Meat substitutes could see a similar trajectory. Analysts at Barclays Plc point out that men drive demand for meat. Convincing them –particularly older generations to switch -- will be crucial. Plant protein substitutes also tend to be more expensive. The premium will need to be whittled away for consumption to be widespread.While there’s no suggestion that fake meat products cause harm in any way – as has been alleged in some cases with vaping –  not everyone agrees that they are healthier than animal protein. Chipotle Mexican Grill Inc. said it would not be stocking meat alternatives because they are too processed for the burrito chain. Beyond Meat has hit back at the claims, saying that its products and facilities are more transparent than those in the meat industry. More importantly, faux meat manufacturers will need to keep innovating – and investing – to grow, just as tobacco companies have had to come up with ways to make electronic cigarettes more satisfying for smokers to encourage them to switch. Plant-based protein producers will need to stay one step ahead of the competition with new ingredients, akin to how the market for milk substitutes expanded from soy to embrace soaring demand for nut and oat drinks. Beyond Meat and Nestle’s Sweet Earth use peas for their meatless dishes; Unilever’s The Vegetarian Butcher uses lupine beans to give some meals a fatty, nutty flavor. The possibilities are endless.Yet with innovation comes the risk of alienating consumers and inviting regulation. The magic ingredient at Impossible Foods Inc. – the other big independent plant-based protein maker – is heme, which gives its burgers a bloody meat-like taste. The ingredient is genetically engineered. The U.S. Food and Drug Administration recently found heme to be safe as a color additive, paving the way for sales in supermarkets. But using a genetically-engineered ingredient could turn off the very ethical, health-customers Impossible wants to attract.As big food courts vegans, it will confront pickier consumers than smokers-turned-vapers. Already some are worried about Burger King cooking the Impossible Whopper on the same grill as meat burgers, unless the customer asks for it to be prepared separately.A bigger danger would be if any plant products were found to contain animal traces. Impossible recently partnered with meat processor OSI Group to add more manufacturing capacity and ease supply constraints. It has dedicated capacity at OSI’s facilities, and the production line is not shared with animal-derived products. But it’s a risky move, and one that traditional meat producers going vegan will also have to manage.Like big tobacco, food manufacturers are already confronting challenges to the way they label products. States including Arkansas and Mississippi have banned companies from using the word “burgers” or “dogs” to describe plant-based alternatives. That’s a regulatory breeze compared the crackdown on vaping. In June, San Francisco became the first U.S. city to ban the sale of electronic cigarettes. But it’s still a headwind in what is a nascent industry. While the path of big tobacco highlights some of the challenges facing plant-based protein, there’s one more appetizing similarity. Last year, Altria Group Inc., which owns Philip Morris, took a 35% stake in Juul Labs Inc., the U.S. market-share leader in electronic cigarettes, valuing the company at $38 billion. Beyond Meat is now valued at a staggering $9 billion, almost a third of what food giant Tyson is worth. Such lofty valuations reflect long-term consumer trends. But as the tobacco industry has learned from its foray into alternatives, big food producers shouldn’t assume fake meat is an easy recipe for success.  To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Stephanie Baker at stebaker@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

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  • Chipotle (CMG) Up 6.4% Since Last Earnings Report: Can It Continue?
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  • How Many Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Have Insiders Sold, In The Last Year?
    Simply Wall St.

    How Many Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Have Insiders Sold, In The Last Year?

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  • GuruFocus.com

    Chipotle Mexican Grill Inc (CMG) CEO Brian R Niccol Sold $3.1 million of Shares

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    Investor's Business Daily

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  • Chipotle Management Talks Potential New Menu Items, Digital Sales, and More
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    Chipotle Management Talks Potential New Menu Items, Digital Sales, and More

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  • Macro-Headwinds Risk Ruining the Recipe for Blue Apron Stock
    InvestorPlace

    Macro-Headwinds Risk Ruining the Recipe for Blue Apron Stock

    For meal-delivery service Blue Apron (NYSE:APRN), I'm going to loosen my usual uptight writing style and address this matter frankly: I have a love-hate relationship with APRN stock.For starters, you'd expect the underlying company to do well in this environment. Indeed, I'd argue that in this app-crazy world we're living in, you'd expect Blue Apron stock to skyrocket. In my opinion, the company combines the best of technology and tradition. It gives you the convenience of meal deliveries, while encouraging the family dinner custom.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFurthermore, millennials love eating out. In my last write-up about Blue Apron stock, I questioned management's previous focus on targeting retirees. And it's not just an age thing. As I pointed out, millennials "have different expectations and desires."A prime example is the car culture. In every other generation, getting a car was a rite of passage. With millennials and the younger Generation Z, it's just not as important. Moreover, there's a reason for this trend. Companies like Uber Technologies (NYSE:UBER) and Lyft (NASDAQ:LYFT) are maximizing the potential of the on-demand sharing economy. * 10 Stocks Under $5 to Buy for Fall Logically, this dynamic should greatly benefit APRN stock. Millennials eschew cars but love wining and dining. Plus, they're big on delivery services. These points bolster the "love" part of my relationship with Blue Apron stock.So, what's the "hate" part? Just open up a chart of the Blue Apron stock price and you'll quickly see for yourself. On a year-to-date basis, shares have lost nearly 52% of their market value. And with the panicked situation we have in the markets, this service company just doesn't have the legs to compete.By way of comparison, another millennial food favorite -- Chipotle Mexican Grill (NYSE:CMG) -- has seen its shares skyrocket almost 90% in the same period. The Invesco Dynamic Food & Beverage ETF (NYSEArca:PBJ) has added almost 19% in 2019. CMG is the 10th-largest holding in the exchange-traded fund's 31 stock portfolio. APRN has yet to attract ETF interest. Bad Timing May Hurt Blue Apron StockAlthough APRN stock levers some fundamental advantages regarding consumer demographics and behaviors, their biggest problem is converting those advantages. This mismatch was on fully display for their second-quarter earnings results.On paper, it was a mixed report. Per-share profitability for Blue Apron stock came in at a loss of 59 cents. This was far better than consensus estimates calling for an earnings per share loss of $1.08.However, Q2 was really a devastating blow for the company. That's because revenue delivered badly missed the consensus target by more than 14%, at $119.2 million. Furthermore, the year-ago sales haul was $179.6 million. Unsurprisingly, management reported steep subscriber losses.However, what is surprising is that APRN stock took the bad news quite well. It jumped after the disclosure, although it has since declined. Still, after such poor results, APRN is "only" down about 12% since the Q2 disclosure.Under normal circumstances, that might give contrarians some confidence in Blue Apron stock. Because this is an incredibly volatile name, a 12% loss isn't too bad, relatively speaking.On another angle, the fact that millennials love the on-demand sharing economy suggests that this contrarian play is rational. And I'll be blunt: it would get me excited, too.However, we have one little problem. I just don't like the volatility that we saw in the broader markets. Most of that came about because of U.S.-China trade war tensions, which of course is a major worry. But I'm a bit more concerned about the tension between President Trump and the Federal Reserve. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Of course, Trump wants the Fed to do more. But I don't think the Fed can do anything. That signals to me that we're really headed toward a recession. And a recession does zero good for Blue Apron stock. A Very Limited Trading OpportunityBut with everything that I just said, it's not all bad news for APRN stock. As I discussed in my last article, Blue Apron brought in Linda Findley Kozlowski to head the company. Previously, Kozlowski was the COO of Etsy (NASDAQ:ETSY), another millennial and Gen Z fave.We have two takeaways here. First, Kozlowski knows e-commerce. She's also adept at engaging millennials, which is crucial for Blue Apron stock. And to top it off, she's proven capable of taking seemingly irrelevant markets -- Etsy specializes in homemade arts and crafts -- to the forefront.This should be a big advantage to Blue Apron. As far as I know, eating is a necessity. And cutting the time to prepare it is itself worth a premium.Perhaps this is the reason why Blue Apron stock apparently found a bottom in late June of this year. But as I mentioned above, we have macro-headwinds that can quickly sour consumer sentiment. Therefore, if you're going to gamble, do so in a narrowly defined period.For everyone else, it's time to shutter this investment. APRN badly missed both revenue and subscriber targets, which represent the lifeblood of a delivery-service company. And even if they didn't miss, we have a potential fiscal tsunami about to crash down on us.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Macro-Headwinds Risk Ruining the Recipe for Blue Apron Stock appeared first on InvestorPlace.

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