752.56 0.00 (0.00%)
After hours: 7:51PM EDT
|Bid||751.50 x 1200|
|Ask||752.56 x 2200|
|Day's Range||751.68 - 762.05|
|52 Week Range||383.20 - 765.05|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||102.85|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Do relentless trade war and interest rate talk, as well as tied-at-the-hip price swings have your head spinning? If so, it may be time to leave the headlines at the door and nibble on the durable price charts in food stocks like Chipotle (NYSE:CMG), Shake Shack (NYSE:SHAK) and Grubhub (NYSE:GRUB).From rate cut optimism to gloomy "not so fast" worries regarding FOMC policy or even off-the-cuff tweets from POTUS, it's hard not to be concerned about the risks of owning stocks inexorably linked to the uncertain macro political and economic environment. Then there's food stocks CMG, GRUB and SHAK stock.Regardless of a trade war, recession or what have you, people have to eat. And for people who are on the go and demand quality over quantity, fresh food offerings from Chipotle and classic grilled American fare from Shake Shack fit the bill. Also, within our busy lives, having food delivered straight to our doorsteps or workplaces courtesy of Grubhub is another "necessity" for many of us.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Cryptocurrencies to Keep on Your Radar With all of that in mind, let's take a deeper dive into each of these food stocks to determine why they're ideal buys right now. Chipotle (CMG) Click to EnlargeChipotle shares have stormed higher over the past year and a half following a nauseating run of health scares that crashed CMG stock into a deep correction shortly after it notched all-time-highs in late 2015.CMG shares recently broke out of a healthy looking monthly handle consolidation. Now this food stock is attempting to make good on a breakout of its corrective cup-shaped base.CMG Stock StrategyWith the monthly stochastics in overbought territory but flirting with a bullish crossover, CMG stock is a buy today in anticipation of continued price momentum. I'm setting a price target of $1,000 on a rally out of the cup base. To protect against any pattern weakness and downside exposure, setting a stop-loss beneath the handle low at $634 looks like a good policy off and on the price chart. Shake Shack (SHAK) Click to EnlargeSimilar to Chipotle, SHAK stock has put together a monthly cup-shaped corrective base. But unlike CMG, Shake Shack's pattern is just breaking out above 62% Fibonacci resistance associated with its 2015 all-time-high to an all-time-low set in 2017.Given the depth of the correction, clearing of key resistance and bullishly trending monthly stochastics, a challenge of this food stock's high and the $100 level in 2019's second half looks compelling.SHAK Stock Strategy * 7 Best of the Best Fidelity Funds to Buy Buy shares of SHAK today. I'd recommend a blended stop below $64 and peeling off upside exposure as this food stock moves toward $95 - $100. Grubhub (GRUB) Click to EnlargeUnlike the other food stocks I've suggested that you might buy, GRUB stock is just now coming out of a deep correction. With a successful test of the 62% support level and stochastics turning higher from an oversold condition, I'm of the mind this is the beginning of yet another constructive, not destructive base in the making.GRUB Stock StrategyThe monthly chart highlights GRUB's May doji candlestick, which was confirmed as a pivot low last month. With shares only a couple percent above the ideal purchase price of $73.59, this food stock is in a buyable position right now.For containing exposure, I'd set a blended technical and dollar-based stop below $64.25 and size the position accordingly. Likewise, if GRUB stock goes more or less according to plan, taking partial profits in-between $100 - $105 looks appropriate.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 3 Food Stocks to Buy for Fast and Big Profits appeared first on InvestorPlace.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Chipotle's (CMG) sales-building initiatives and greater digital innovation are likely to result in revenue growth in the second quarter of 2019.
U.S. retail sales handily beat market expectations in June. Some particular industries have shone promises, putting these ETFs and stocks in focus.
Outlook for second-quarter growth strengthens as retails sales rise for a fourth consecutive month and factory output increases in June.
Investors have been keeping their eyes locked on the relationship between the US and China as the rhetoric spewing from the conflict has impacted the stock market for the over a year now.
Chipotle Mexican Grill (CMG) closed at $761.85 in the latest trading session, marking a +0.26% move from the prior day.
Over the next month or so, school starts up again across the United States. And for parents, that means a frenzied rush of back-to-school shopping.As investors, how can we cash in on the excitement?Obviously, Amazon (NASDAQ:AMZN) has done a number on many brick-and-mortar retailers. But others are figuring out ways to prosper despite the rapidly changing retail landscape.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Here are four retail stocks to buy as summer vacations wind down. Retail Stocks to Buy: Ross Stores (ROST)An overarching theme in the so-called retail apocalypse has been the collapse of department stores such as Sears and Bon-Ton. It has certainly been the end of an era for the traditional department-store led regional mall.But Amazon hasn't ended clothes shopping at brick-and-mortar locations; much of the traffic has moved to non-mall retailers.And no group of these has done better than the off-department store clothing chains. Ross Stores (NASDAQ:ROST) is a perfect example of this category. Ross is set up in (generally) cheaper shopping center locations offering great branded products in no-frill stores at rock-bottom prices.Though Ross is a well-oiled supply chain and laser-focused on keeping overhead down, it can thrive in the new retail landscape. Its prices are competitive - if not better - than what you find online. Ross may not have the best consumer experience, but for people hunting for a bargain, it's the place to be.At 21.5x earnings, ROST stock isn't cheap, but it's not too expensive for a firm that is still growing rapidly. Additionally, ROST stock is just now approaching its high from last fall. Once it tops that, shares should break out technically to new highs. Macerich (MAC)If you like shopping at the mall, it's worth considering buying a mall REIT operator. Be careful in what you buy, however. Lower-end mall stocks have gotten pummeled as e-commerce has crushed many malls' fortunes.Analysts see the field dividing, however, with the strong malls getting stronger while weak malls fade and ultimately close or get redeveloped.Enter Macerich (NYSE:MAC). It is one of the strongest mall operators in the U.S. Its malls generate more than $700 per square foot of retail sales - that's 40% above the national average. If you live in a large metro area, there's a great chance that either Macerich or Simon Property (NYSE:SPG) owns the most luxurious mall or two near you.Why buy Macerich over the larger Simon? For one thing, Macerich's malls average even more sales per square foot than Simon. And like its sales, its dividend yield is bigger too - MAC stock pays a juicy 8.9% dividend now, compared to a more modest 5% from Simon.MAC stock has gotten cheap because it is relatively highly-levered. Investors fretted about whether it could maintain its dividend if a recession hit. But with the economy picking up and the Fed set to cut rates, Macerich should be fine on that front. * 7 Dependable Dividend Stocks to Buy Meanwhile, they've got several development projects in the works which should boost their cash flow - and ensure the dividend's safety - going forward. When you go to the mall, if you own MAC stock, you are, in a small way, helping pay yourself a dividend as you shop. Bloomin' Brands (BLMN)While you're out doing your back-to-school shopping, you may work up an appetite. That will lead you to my favorite sub-sector within retail: the restaurants. And thankfully, there's a tasty bargain on offer in this sector right now. That would be Bloomin' Brands (NASDAQ:BLMN). Bloomin' owns Outback Steakhouse, Carrabba's, and Bonefish Grill among its trademarks.BLMN stock fell from $22 earlier this year to just $17 now in large part due to analyst downgrades. These downgrades were based on fears about the impact of African Swine Fever. This disease has stricken tens of millions of pigs in China and other neighboring countries, causing the price of pork to spike. In theory, Bloomin' will have to pay more for meat, and thus its profits will drop - or so say the analysts.In practice, however, beef - not pork - is the main product Bloomin' sells, aside from its chain focused on fish. Sure, rising pork prices will be a minor negative, but there's no reason for BLMN stock to be down 25% when pork likely makes up just a couple percent (if that) of Bloomin's costs.One of the analysts that downgraded Bloomin' also cut their rating on Chipotle (NYSE:CMG) due to swine flu fears. Chipotle responded by saying that although it indeed sells a large amount of carnitas pork, the swine fever would have an inconsequential impact on its results. CMG stock bounced back up. Bloomin' will follow once investors figure out that the swine scare is no big deal for the company. Who goes to Outback to order a pork chop anyway? PriceSmart (PSMT)You may have noticed that Costco (NASDAQ:COST) has quietly been one of the top-performing retail stocks of the past decade. It's up eight-fold, in fact, since the early 2000s.For investors that missed Costco, there's good news - a copycat has taken the Costco model to Central and South America. It's called PriceSmart (NASDAQ:PSMT), and it operates in Colombia, Panama, Costa Rica, and other such countries using the same membership and low-cost retail model.Until recently, investors took the "Costco of Latin America" label a little too seriously, and bid PriceSmart stock up to the stratosphere. It often traded above 30x earnings despite relatively slow earnings growth. A recent drop in emerging market sentiment, along with PriceSmart struggling to find good new store locations, has finally taken the stock back to a more reasonable valuation. Additionally, an earnings misssent PSMT stock down to near its 52-week lows.While PriceSmart is now priced attractively for being a standalone operation, it has also become an intriguing takeover target. Walmart (NYSE:WMT) - the largest retailer in Mexico and Central America - might take a look. It's a natural bolt-on given that Walmart already runs that type of store with its Sam's Club franchise. Falabella - Chile's dominant retailer - has been expanding northward and could use more presence in Colombia. And Exito, Colombia's leading grocery and hypermarket player, could be another potential PriceSmart buyer.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 4 Retail Stocks to Buy in Time for the Back-to-School Rush appeared first on InvestorPlace.
Chipotle (CMG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Noodles & Company's (NDLS) top line in second-quarter 2019 is likely to be driven by sales building initiatives like streamlining of menu and innovation and effective marketing strategy.
Chipotle stock is at all-time highs. How the company managed an impressive comeback without major changes to its menu.
Chipotle stock has rallied back near its 2015 record highs after a stunning comeback. But is it a buy right now? Here is what the fundamentals and technical analysis say about the stock.
(Bloomberg) -- Bill Ackman has made about $730 million betting on burritos.The value of the billionaire investor’s stake in Chipotle Mexican Grill Inc. has surged as the restaurant chain rose to a record Monday, more than three years after a food-safety crisis tarnished the brand and battered its shares.Ackman originally invested roughly $1.2 billion in the company back in 2016. Two years later, with the shares up 17%, he started selling, offloading batches of shares in a series of transactions between August 2018 and last month. Now, with Chipotle grazing a new high, the value of Ackman’s remaining stock in the company has surged to about $1.35 billion.Ackman’s Pershing Square Capital Management has returned about 48% on its investments this year through July 9, according to the firm’s website. The strong returns are a welcome reversal of fortune for Ackman, whose high-profile setbacks in recent years have included his $4 billion loss on Valeant Pharmaceuticals International Inc. and his losing bet against Herbalife Nutrition Ltd.Chipotle’s shares gained 1.2% to $759.87 in New York, the highest since the company’s initial public offering in 2006. The customer-illness issues started in 2015, and the shares closed that year at $479.85, beginning the first of three straight annual declines.Ackman’s Pershing Square Capital Management declined to comment on the investment.Activist Ackman announced a stake in the company in September 2016, wagering that Chipotle could rebound. The company later that year added four new board members in a shake-up endorsed by Ackman, then replaced Chief Executive Officer Steve Ells, who founded the chain, with former Taco Bell chief Brian Niccol.Under Niccol, the burrito chain has made a series of overhauls. It has relocated company headquarters, pushed hard into delivery and rolled out a new loyalty program to attract customers. So far results have been positive with the key indicator of same-store sales rising 9.9% in the latest quarter -- the fifth consecutive period of acceleration.The shares were up 0.9% at 3:49 p.m. in New York, paring some of the earlier gains. The shares finished 2018 up 49% and have surged about 75% so far this year.\--With assistance from Leslie Patton and Brandon Kochkodin.To contact the reporters on this story: Scott Deveau in New York at firstname.lastname@example.org;Craig Giammona in New York at email@example.comTo contact the editors responsible for this story: Anne Riley Moffat at firstname.lastname@example.org, ;Liana Baker at email@example.com, Lisa Wolfson, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Shares of burrito giant Chipotle Mexican Grill touched an intraday high Monday, effectively completing the stock’s comeback.
In an industry, which is increasingly reliant on digital services, five restaurant stocks stand to report better-than-expected earnings in the second quarter of 2019.
Zacks.com featured highlights include: United States Cellular, Dropbox, Chipotle Mexican Grill and Molina Healthcare
Investing.com - Chipotle Mexican Grill reached an all-time high on Monday after Piper Jaffray upgraded its price target on the restaurant chain.
Restaurant Brands International (NYSE:QSR) rolled out tacos at their Burger King chain recently and the fans jeered.Source: Shutterstock It was easy to see why. The Burger King version is a thoroughly American creation of ground beef and hamburger toppings inside a crisped shell. It's not even as good as Taco Bell, the YUM! Brands (NYSE:YUM) chain that was once sued by customers claiming the meat inside wasn't actually meat.But the move does hint at something. Taco sales are up 4% in 2019. People like them. They're also cheap and easy to make. For operators dedicated to growth like Restaurant Brands International, tacos are a natural fit. Note that QSR stock has risen nearly 40% so far in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Brazilian MagicThe Brazilians at 3G Capital formed Restaurant Brands in 2014, combining the Burger King and Tim Horton's chains. In 2017 they added Popeye's, a chicken franchise.Under their zero-based budgeting system, in which every dollar spent must be justified every year, the chains have thrived. The shares are up 70% since the merger. There's a 50 cent per share dividend yielding 2.81%, and 2018 sales were up 17%. There is 65 cents per share of profit on $1.39 billion in sales expected for the June quarter, which will be reported July 31. * 10 Stocks to Buy for Less Than Book It's a stark contrast to 3G's other big deal, Kraft Heinz (NASDAQ:KHC), which has been a disaster for shareholders since its formation at the start of 2015. Those shares are down 60% despite a dividend now yielding 5.11%.Fast food yields to the zero-based touch more easily than food manufacturing. Corporate franchisees can crunch the numbers as just-another operational detail.But, as a recent lawsuit by Tim Horton's franchisees shows, you can only squeeze a concept so far. Critics have recently called QSR stock overvalued. The best way to keep growing may be with another franchise. Some Tacos?Mexican food can be a home run, if done right. Just look at Chipotle Mexican Grill (NYSE:CMG), which has now recovered from its scandals. CMG stock is up 70% so far in 2019.All this brought me to Del Taco Restaurants (NASDAQ:TACO). (I've got a little interest in Del Taco. My brother once worked in one and burned his hand in a fryer.)Del Taco has had a turbulent history but it makes a decent taco. They had sales of $505 million in fiscal 2019 and showed a small profit. The market cap is about $461 million, just short of the sales figure. QSR sells for over 3.5 times sales.Del Taco has just the right size and just the right menu for an operator who wants to make it a national franchise. The fast food business is consolidating. The last two years have seen over 70 deals in the space. Private equity groups Roark Capital and JAB Holding are gobbling up chains by the handful. They're all chasing YUM! Brands, which owns Taco Bell and McDonald's (NYSE:MCD), which has more than doubled in value under CEO Steve Easterbrook. Bottom Line on QSR StockThe trend in fast food is for good operators to expand through acquisition and squeeze out fatter margins from chains and franchises. That's QSR's business model.It's a tough business that is rapidly consolidating. There aren't many profitable operations of reasonable size left to be gobbled up. Tacos are a growing business and Del Taco would be a tasty bite for an acquirer. See how quickly QSR, or one of its rivals, pounces on it.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in QSR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Restaurant Brands International: Burger King Needs a Better Taco appeared first on InvestorPlace.
The restaurant industry is buzzing, thanks to recent partnerships with delivery channels like DoorDash, Grubhub, Postmates and Uber Eats, rollout of self-service kiosks and loyalty programs.
BJ's Restaurants' (BJRI) various sales-building initiatives, including menu innovation, should drive the top line in the upcoming quarters.