677.90 -0.17 (-0.03%)
After hours: 7:10PM EDT
|Bid||676.01 x 1200|
|Ask||678.00 x 800|
|Day's Range||658.50 - 713.55|
|52 Week Range||383.20 - 721.21|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||107.46|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||624.17|
Chipotle crushes earnings for its latest quarter, but the stock is in the red after it received a subpoena from U.S. Federal Prosecutors related to an outbreak that left hundreds of customers sick last year. Yahoo Finance's Seana Smith and Heidi Chung discuss.
Chipotle CEO Brian Niccol joins CNBC's Kate Rogers, Jim Cramer and David Faber to discuss the restaurant's first quarter earnings, digital sales and its new loyalty program.
There were plenty of reasons to doubt the move -- 80 to be exact, the 80 chemical ingredients that Chipotle made fun of that Taco Bell put in its burritos, many of them not-pronounceable, versus the eight-odd ingredients in a Chipotle burrito.
A new subpoena related to foodborne-illness incidents was briefly mentioned in the company's quarterly earnings filing.
Chipotle Mexican Grill said it received a new subpeona earlier this month related to foodborne illnesses from 2017 and 2018, overshadowing strong Q1 earnings.
Chipotle may have surpassed earnings estimates, but E. coli concerns and potential profit taking weighed on the stock Thursday.
Chipotle Mexican Grill, Inc. (NYSE: CMG ) reported first-quarter results Wednesday highlighted by a top- and bottom-line beat and 9.9-percent growth in comparable sales. The Analysts Wedbush's Nick Setyan ...
Analysts say Chipotle’s digital and loyalty programs are driving results with many raising their price targets after earnings.
Chipotle stock (ticker: CMG) was recently off 5% to $674.27 a day after the company reported first-quarter profits and same-store sales growth that beat Wall Street’s expectations. “We believe Chipotle is firing on all cylinders with digital, delivery, menu innovation and stronger marketing all coming together,” Saleh wrote. At least in part because Chipotle revealed in an SEC filing Thursday that it received a subpoena earlier this month in connection with a federal investigation into food safety at the company.
Chipotle news concerning the company's earnings report for the first quarter of 2019 has CMG stock dropping on Thursday.Source: Shutterstock Chipotle (NYSE:CMG) notes in its most recent earnings report that it has received a new subpoena in connection to illnesses from several of its restaurants.Here's what it says about the new subpoena.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"On April 18, 2019, we received a new subpoena requesting information related to illness incidents associated with the specific restaurants in Simi Valley, California, Boston, Massachusetts, Sterling, Virginia, and Los Angeles, California that were covered under the previous subpoenas, plus one additional restaurant in Powell, Ohio. We have fully cooperated and intend to continue to fully cooperate in the investigation. It is not possible at this time to determine whether we will incur, or to reasonably estimate the amount of, any fines or penalties in connection with the investigation pursuant to which the subpoenas were issued."This negative Chipotle news drags down CMG stock despite solid earnings for the quarter. This includes earnings per share coming in at $3.40. That's better than the company's earnings per share of $2.13 from the same time last year. It also beat out Wall Street's earnings per share estimate of $2.99 for the period. * 7 Dividend Stocks That Could Double Over the Next Five Years The Chipotle news release also includes revenue of $1.31 billion for the first quarter of 2019. The restaurant company reported revenue of $1.15 billion in the first quarter of 2018. Analysts were looking for revenue of $1.26 billion for the quarter.CMG stock was down 4% as of Thursday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into 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 Plunging Today appeared first on InvestorPlace.
Chipotle Mexican Grill, Inc. (NYSE: CMG ) short sellers may have dodged a bullet Thursday after the company followed up a big first-quarter earning beat by disclosing it received another subpoena from ...
Microsoft and a few FANG stocks helped boost the Nasdaq. 3M weighed down the Dow Jones Industrial Average on poor Q1 results.
"Its not a new incident but (the subpoena) is enough to shake off some of the more skittish bulls on the story," said Maxim Group analyst Stephen Anderson. Over the past three years, the company has faced a number of subpoenas regarding sicknesses linked to its restaurants following an E. Coli, salmonella and norovirus outbreaks at the company's outlets dating back to late 2015 that affected hundreds across several states. The latest subpoena is the fourth and is part of an ongoing criminal investigation being conducted by the U.S. Attorney's office for the Central District of California.
Chipotle Mexican Grill Inc said on Thursday it received another subpoena from U.S. federal prosecutors, seeking information related to an outbreak that left hundreds of people sick last year in one of its Ohio restaurant. "Its not a new incident but (the subpoena) is enough to shake off some of the more skittish bulls on the story," said Maxim Group analyst Stephen Anderson. Over the past three years, the company has faced a number of subpoenas regarding sicknesses linked to its restaurants following an E. Coli, salmonella and norovirus outbreaks at the company's outlets dating back to late 2015 that affected hundreds across several states.
Domino's (DPZ) top line gains from higher supply chain volume, robust same store sales and increase in store counts both in the U.S. and international markets.
Chipotle (NYSE:CMG) has been monstrous lately. CMG is a restaurant company yet Chipotle stock trades like a technology momentum stock.Source: Shutterstock But this wasn't always the case. In 2015, Chipotle stock was soaring to $750 per share, but then it hit a giant roadblock and then it collapsed 60% from high to low.Last night, management delivered a strong earnings report that was reminiscent of the old days. CMG beat on all metrics and raised guidance. And the company delivered double-digit growth. Furthermore, it doubled its digital sales, which shows us that they seem to be making all the right moves.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn the way up, CMG stock commanded a premium because of the incredible comparable sales the company was able to deliver. So it earned it for as long as it delivered the growth. * The 10 Best Cheap Stocks to Buy Right Now When I'm evaluating a growth company I don't worry so much about the profitability for as long as they are growing.But then the food illness headlines broke out and the problems caused the comps to fade. The fall was severe as the headlines kept on coming. Wall Street took back the premium out of the stock.2018 was a terrible year for the whole stock market, but the S&P 500 bottomed on Christmas. Yet, Chipotle stock didn't hit its bottom until earlier this year when it reported earnings.And that marked the absolute bottom that's $247 per share. The stock had finally found value and the buyers stepped in.On the way up, once the bulls broke through the lower high trend line first at $322 and then at $360 per share, the rally was on.As a result, it came into the earnings up 171% from the bottom. Year-to-date CMG stock is up 65% versus the S&P's 17%. It is also up twice more than Shake Shack (NYSE:SHAK) and five-times better than McDonald's (NYSE:MCD).Maybe this out-performance justifies the valuation that CMG now carries. Its price-to-earnings ratio is 115, which is almost five times that of MCD's. How to Approach Chipotle StockAt these altitudes, one needs a lot of conviction to start buying CMG shares. I don't have such gumption. Especially not when the S&P 500 is at all-time highs. Buying it up here means that the investor is committed to holding the stock for a really long time.True, CMG stock is approaching its all-time highs. But therein lies a danger. The closer it gets to the accident scene the more likely it is to fade. There are a lot of investors who have been stuck at the highs who may decide to exit.Therefore it makes more sense that as it rises here after the earnings it could run into resistance. Getting into Chipotle stock over $700 would be risky short term. This is not an obvious entry point. * 7 Strong Buy Stocks with More Than Enough Upside This is nothing against the company itself but rather doubt of the price action that will unfold up here. And it's definitely not saying to short it either. Doing so opens the trader up to unlimited losses. Those who insist on shorting it should use put options where the out-of-pocket exposure is finite.However, CMG could be a trading vehicle for those who prefer trading it shorter term.As CMG continues to slog higher, there will be resistance as it nears $725 per share. This was a major ledge from which it collapsed in October 2015. The onus is on the bulls to prove they can retake it and establish it as support once again.Conversely, if CMG falls below the $685 zone it could trigger a bearish pattern that would target the prior pivot zone around $620. Then there is the open gap all the way to $540 per share. This is not a forecast, but it is a bearish scenario that I should know.In summary, this is a stock that is too high to Chase and too hot to short at these altitudes. For those who are already long CMG, the price action here is great news.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post Is Chipotle Stock Finally Returning to Its Winning Ways? appeared first on InvestorPlace.
Shares of Chipotle Mexican Grill dropped 6% Thursday after the company disclosed another subpoena related to the foodborne illness incidents.
Chipotle Beat Analysts’ Expectations in Q1(Continued from Prior Part)2019 guidanceAfter posting an impressive first quarter SSSG (same-store sales growth) of 9.9%, Chipotle Mexican Grill (CMG) raised its SSSG guidance for 2019. The company
reported another strong quarter driven by strong digital sales and an increase in same-store sales. The Mexican food restaurant reported first-quarter net income of $88.1 million, or $3.40 per share on an adjusted basis, on revenue of $1.31 billion, a nearly 14% increase from the previous year. Analysts were expecting the company to report earnings of $3.01 per share on revenue of $1.27 billion.