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Chipotle Mexican Grill, Inc. (CMG)

NYSE - NYSE Delayed Price. Currency in USD
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311.24-6.68 (-2.10%)
At close: 4:00PM EDT
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  • G
    GotBull
    GotBull
    I had Chipotle last night service was quick food was very fresh and tasty. The staff was all smiles and the place was super clean.
    I am very happy with what they have done and now proud to invest back into Chipolte
  • a
    all in
    all in
    food sucks
  • B
    Bay Area
    Bay Area
    Of course Cramer must have changed his views as he often does. When a stock is going through extreme hype he says "buy buy buy" and when the same stock is tanking he says "sell sell sell". That joker leads his brainless followers into ditch. He has been doing it since Year 2000. Even when the market was tanking big time he was telling his brainless followers to buy those dot com stocks on the dip :-)
  • t
    thermo_bea
    thermo_bea
    I hadn't noticed that Chipotle created a new position, Chief Restaurant Officer, and has staffed it with a former Arby's executive.

    Think about this for a moment. The story Ells has been spinning for over a decade is that Chipotle is nothing like traditional fast food companies. That is part of the pride he instilled in the restaurant management team. Yet they all now report up to a guy from Arby's. (And the company's newly hired mouthpiece comes from Yum!) You don't think that's a bit demotivating to the management staff?
  • D
    David
    David
    Apparently people love CMG stock. Chipotle earning per share is half of Apple's , yet the stock price I'd double. Apple pays a 1.5% dividend. Chipotle doesn't even have 1.5% in earnings.

    But hey, CMG stock is cheap because it used to be higher, and Achman says so.
  • K
    Kurt
    Kurt
    CMG has a tangible Book value of $49.97/share, multiple food born illness disasters, and a current PE of 70.

    I want to be a believer, but can someone tell me why I should invest in a company that can't get out of its own way even after a massive haircut, that still sports the statistics I just shared? I fear there are massive management controls issues that still are not fixed surrounding food handling.

    On top of that, I'v been to the Chipolte in Ann Arbor a couple of times in the past month, usually around 1PM and you could have fired a cannon through it and not hit a soul both times.

    Thoughts? I seriously want to be convinced why this is a company worthy of my investment dollars.
  • n
    nate
    nate
    I have a horrible trading record. Almost certain negative returns over past 10 years. As I stated a few days ago. I doubled down on CMG at $326. Anticipating further declines which I will average cost with more buys. At $250 CMG is a great risk/reward. The rally today makes me think stock will now turn around before it ever gets to $250. Earnings may stink for another quarter or two but over long haul CMG is a cash machine (even if queso sucks). Also, avocados won't be forever expensive.
  • M
    Master
    Master
    Interested to know what you think. 2 years ago it was E.coli outbreak due to contamination, tainted food supply. This time, it was norovirus which is common and due to a sick employee. Norovirus is highly infectious but nobody dies from it and it could happen to any restaurant. There's a world of difference between E.coli and norovirus outbreak! I think there's an over-reaction to norovirus and mice in an old building. What do you think.
  • N
    Nathamon
    Nathamon
    Chance is CMG is the stock that is backed by big hedge funds for 6 years ago. This time is difference because CMG broke the cardinal rule twice in 2 years. It will find the bottom around 200, because the consumers hardly forgive CMG for two mistakes. We have classic example: jack in the box which it was put in the box more than two years. This time a lot of big boys bailed out in June, and I don't think they will come back because the consumer's trend when it changes, it is forever.
  • t
    thermo_bea
    thermo_bea
    The latest headline is that they are considering getting rid of chorizo to make way for queso. They are flailing around desperately trying to grow, grow, grow. They'll end up damaging the brand even further by chasing impossible growth goals. They'd be better off recognizing they are a restaurant chain - one that still needs to put all their focus on food safety, supply chain, and management development - rather than an early growth technology company.
  • M
    Marine Core Soldier
    Marine Core Soldier
    Don't worry...Cramer said CMG was a Buy at $525...so it's all good!!
  • u
    ulrich
    ulrich
    I want the "Pupi Burrito" back on the menu.
  • C
    C
    C

    Excellent piece from a food blog: http://www.grubstreet.com/2017/08/chipotle-becoming-another-mediocre-fast-food-chain.html. Haven't some people massively overpaid for just another mediocre fast-food chain? What happens to CMG stock when its valued at a mediocre fast-food multiple? Isn't that what's really causing the current decline? CMG isn't a tech company; they make burritos.

    Chipotle Is Fast Becoming Just Another Mediocre Fast-food Chain
    It’s hiring executives from Arby’s and testing lots of gimmicky products.
    www.grubstreet.com
  • N
    Nathamon
    Nathamon
    Look like CMG will go down to the toilet this time because all the negative news is still coming no matter what, also the sales number for this quarter will absolutely be lower. That should be enough common sense that CMG is under pressure to perform.
  • T
    Thomas
    Thomas
    Owning CMG seems to be a lot like what it would be like to be anally violated by an AIDS infected ape.
  • n
    nate
    nate
    Heading over to get a chicken burrito.
  • w
    willingtoteach
    willingtoteach
    Looks like something is happening:
    Chipotle Shares Rallied As Much As 2.3% Over Last 10 Mins. As Traders Circulate Chatter Elliott Could Send An Activist Proposal To Co./Shareholders
  • B
    Bill
    Bill
    At 328 I'm going short with both fists.
  • N
    Nathamon
    Nathamon
    Moment of TRUTH IS COMING. WHO HAS THE GUTS TO HOLD CMG INTO THE WEEKEND.
  • N
    Nathamon
    Nathamon
    it is common sense that the traders who push CMG up from the 311 will have to find the way to get out today, because they will have the chance to get toasted on Monday. I believe a wave of selling will start about 10 min. before the close.