|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||321.26 - 340.43|
|52 Week Range||247.52 - 499.00|
|PE Ratio (TTM)||52.24|
|Earnings Date||Apr 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||311.68|
On today's episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week's biggest stories, including Facebook's Cambridge Analytica scandal, Chipotle's new head of marketing, and earnings results from Micron and Nike.
DENVER, March 22, 2018 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (CMG) today announced that it will host a conference call to discuss first quarter 2018 financial results on Wednesday, April 25, 2018 at 4:30 PM Eastern time. A press release with financial results will be issued at approximately 4:10 PM Eastern time that same day. The conference call can be accessed live over the phone by dialing 1-877-451-6152 or for international callers by dialing 1-201-389-0879. The call will also be webcast live from the Company's website on the investor relations page at ir.chipotle.com. An archived webcast will be available approximately one hour after the end of the call.
Analysts expect Chipotle Mexican Grill (CMG) to post EPS (earnings per share) of $8.34 in 2018, which represents 26.6% growth from its EPS of $6.59 in 2017. The EPS growth is expected to be driven by revenue growth, EBIT (earnings before interest and tax) margin expansion, and a lower effective tax rate. Analysts expect Chipotle’s EBIT margin to be 7.0%, compared with 6.7% in 2017.
Chipotle Mexican Grill Inc (CMG.N) on Thursday won the dismissal of an investor lawsuit claiming it concealed food safety risks, causing its stock to drop after widely publicized outbreaks of foodborne illnesses in 2014 and 2015. U.S. District Judge Katherine Polk Failla in Manhattan said that while the outbreaks were cause for concern, the lawsuit failed to support its claim that Chipotle defrauded investors. Failla dismissed the lawsuit with prejudice, meaning it cannot be filed again.
Chipotle Mexican Grill Inc on Thursday won the dismissal of an investor lawsuit claiming it concealed food safety risks, causing its stock to drop after widely publicized outbreaks of foodborne illnesses in 2014 and 2015. U.S. District Judge Katherine Polk Failla in Manhattan said that while the outbreaks were cause for concern, the lawsuit failed to support its claim that Chipotle defrauded investors. Failla dismissed the lawsuit with prejudice, meaning it cannot be filed again.
Diners like the convenience and affordability of fast-food and fast-casual restaurants, a trend that shows no sign of slowing. Many of these chains have a presence across the country as they continue to expand. Here is a quick look at stories about the leading brands in the industry as recently reported by The Business Journals.
As of March 19, 2018, Shake Shack (SHAK) was trading at $41.08. On the same day, analysts were expecting the company’s stock price to reach $42.10 in the next 12 months, which represents a return potential of 2.5%. The 2018 revenue guidance provided by Shake Shack’s management during its 4Q17 earnings call was lower than analysts’ expectations, which appears to have compelled them to lower their target price.
As Shake Shack (SHAK) is still in the growth phase of its business cycle, expenses will likely be on the higher side and earnings cannot be considered for valuation. The forward EV-to-sales ratio is calculated by dividing the enterprise value with analysts’ sales estimates for the next four quarters. Although the stock price of Shake Shack has increased since the beginning of 2017, the valuation multiple has declined as investors have increased their sales estimates for the next four quarters.
NEW YORK, NY / ACCESSWIRE / March 22, 2018 / Shares of Chipotle climbed higher on Wednesday after it was revealed that the company now has two executives with Taco Bell backgrounds. Chipotle recently hired ...
For the longest time, I was bearish on Chipotle Mexican Grill, Inc. (NYSE:CMG) stock. The company couldn’t seem to shake food safety issues that hurt Chipotle stock. Meanwhile, health-related food trends passed the restaurant chain by. Poke and superfood bowls emerged to the forefront.
Shares of Chipotle Mexican Grill (CMG) surged more than 5% in early morning trading Wednesday, adding to the fast-casual chain's prior-day momentum that was inspired by another key addition to the company's management team.
In 2017, Shake Shack (SHAK) posted an EBIT (earnings before interest and tax) margin of 9.7% compared to 10.4% in 2016. Shake Shack’s EBIT margins declined due to an increase in labor and related expenses, other operating expenses, and depreciation expenses. Compared to 2016, Shake Shack’s labor and related expenses increased from 25.3% to 26.5% due to the opening of 26 new company-owned restaurants (which will incur higher labor expenses in the first few months of operations), an increase in labor wages, and investments in management teams to support growth.
Analysts are expecting Shake Shack (SHAK) to post revenue of $449.14 million in 2018, which represents growth of 25.2% from $358.8 million in 2017. The revenue growth is expected to be driven by the addition of new restaurants. Shake Shack’s management expects its revenue in 2018 to be in the range of $444 million to $448 million, which represents revenue growth in the range of 23.7%–24.9% from $358.8 million in 2017.
As of the end of 2017, Shake Shack (SHAK) operates 159 restaurants including 90 company-owned restaurants, ten domestic franchised restaurants, and 59 international franchised restaurants. In 2017, the company has increased its restaurant count by 45 units overall, which has been the highest in the last four years. The company added 30 units, 21 units, and 23 units in 2016, 2015, and 2014, respectively.
He rejoins Brian Niccol, who was the CEO at Taco Bell before taking over the same post at Chipotle earlier this month.
Chipotle, which is trying to rebuild its business after a series of food safety scares, says it hired a new marketing executive who once oversaw the launch of Taco Bell's cheese-dusted Doritos taco. Chris ...
Chipotle Mexican Grill said on Tuesday it appointed Chris Brandt as its chief marketing officer to replace Mark Crumpacker, who resigned last week. The hiring comes as new Chief Executive Brian Niccol ...
Chipotle Mexican Grill Inc. said Tuesday that it has named Chris Brandt chief marketing officer, effective April 2. Brandt succeeds Mark Crumpacker, who announced his resignation last week. Brandt joins ...