|Bid||661.51 x 1000|
|Ask||665.30 x 800|
|Day's Range||658.73 - 671.97|
|52 Week Range||383.20 - 727.00|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||90.55|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||683.00|
BMO Capital downgraded its rating for Chipotle to "underperform", warning pork prices could rise due to the African swine fever. Heidi Chung joins Seana Smith on 'The Ticker' to discuss Chipotle's response and the other fast casual food companies that may at risk.
BMO Capital markets downgrades this stock to underperform, citing higher pork prices due to an outbreak of African swine fever in China.
We recently shared Pershing Square's Q1 2019 Investor Letter, in which the fund reported a 36.9% increase of NAV per share during the first three months of 2019. If you are interested in more details you can track down a copy of the letter here. In the letter, the fund also shared its opinion on […]
Chipotle (CMG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
A downgrade from BMO analysts led to an unsavory drop in Chipotle's stock, and some analysts are advising waiting out the weakness.
Until all of the negative trade news is fully baked into the stock market, investors need to remain cautious, Jim Cramer warned his Mad Money viewers Thursday. Other markets, like oil and U.S. Treasuries are already assuming the worst, Cramer said, but so far stocks have not followed suit. Neither side is feeling overly compelled to compromise, Cramer said, and for the first time, our government is willing to take action against bad actors like Huawei.
IBD Stock Of The Day: Chipotle flashed two big sell signals as an analyst downgraded the chain, citing rising pork costs due to widespread African swine fever.
Shares of Chipotle Mexican Grill Inc. sank 6.0% in afternoon trade Thursday, after BMO Capital turned bearish on the fast-casual Mexican food chain, citing "underappreciated" risks associated with the outbreak of African swine fever. Analyst Andrew Strelzik cut his rating to underperform from market perform, and slashed his stock price target to $620, which is about 6.5% below current levels, from $675. "African swine fever likely will create a meaningful, multi-year upswing in protein prices and the potential magnitude and duration of impact across the restaurant industry is underestimated, in our view," Strelzik wrote in a note to clients. "We believe the potential magnitude and duration of ASF impacts to margins is underappreciated and [Chipotle] is among the restaurants most at risk." He also downgraded to Bloomin' Brands Inc. to underperform and cut his price target to $18 from $23, and the stock tumbled 9.4%. Chipotle's stock was still up 53.7% year to date and Bloomin' shares have advanced 2.3%, while the S&P 500 has gained 12.0%.
Food-related issues are hitting Chipotle Mexican Grill’s stock again—though the company is disputing the work of a bearish analyst.
Chipotle: BMO Downgraded the Stock to 'Underperform'(Continued from Prior Part)Stock performanceAfter BMO’s downgrade, Chipotle Mexican Grill (CMG) was trading down in early morning trade on May 23. At 11:15 AM EST, Chipotle was trading at
Updated from 11:58 am to add comment from Chipotle. shares were falling Thursday after BMO Capital Markets analyst Andrew Strelzik downgraded the stock to underperform from market perform on concerns over the spread of African swine fever. The analyst said the spread of African swine fever could inflate protein prices as early as the third quarter, he said in a note Thursday.
Chipotle news for Thursday has CMG stock taking a hit.Source: Mike Mozart Via FlickrChipotle (NYSE:CMG) is in the news today because the company's stock is the subject of a downgrade. This downgrade comes from BMO Capital Markets analyst Andrew Strelzik. This has the firm's rating for CMG stock dropping from "Market Perform" to "Underperform."It isn't just a downgrade that is bad Chipotle news for Thursday. To go along with the downgrade is a new 12-month price target. This new price target is $620. The old price target for CMG stock was $675. This represents a roughly 8% drop from the previous price target.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's also worth noting that the new price target for CMG stock is well below the FactSet average price target. This price target average is currently sitting at $678, which is above the previous price target from BMO Capital Markets.The new price target for CMG stock is also sitting well below its closing price on Wednesday. CMG stock was sitting at $705.88 when the markets closed yesterday. This has the new price target being roughly 12% below that closing price. * 6 Stocks to Buy for This Decade's Massive Megatrend So what exactly is behind the downgrade that is bad Chipotle news? There are concerns that the African Swine Fever outbreak could result in higher prices for the restaurant chain. However, CMG argues that pork makes up a small part of its menu and that it mostly gets its meat from higher-quality sources. It says this means the outbreak is unlikely to affect it, reports CNBC.CMG stock was down 6% as of Thursday afternoon. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Chipotle News: Why CMG Stock Is Getting Cooked Today appeared first on InvestorPlace.
Check out the companies making headlines midday Thursday:L Brands LB — L Brands surged 12.8% after the parent company of Victoria's Secret and Bath & Body Works reported first-quarter earnings that surpassed expectations .
Could Ackman’s Pershing Square's Flying Start in 2019 Continue?(Continued from Prior Part)Chipotle worked wonders for Bill AckmanBill Ackman first took a stake amounting to $1.19 billion in Chipotle Mexican Grill (CMG) in September 2016. The
African swine fever could cause pork prices to rise and affect Chipotle as early as the third quarter of this year, worried one analyst. But Chipotle says his worries are groundless.
Chipotle: BMO Downgraded the Stock to 'Underperform'DowngradeOn May 23, BMO Capital Markets downgraded Chipotle Mexican Grill (CMG) from “market perform” to “underperform.” There are concerns about rising commodity prices due to African