493.31 -0.01 (-0.00%)
After hours: 6:01PM EDT
|Bid||0.00 x 1100|
|Ask||0.00 x 1100|
|Day's Range||485.01 - 495.04|
|52 Week Range||247.52 - 495.04|
|PE Ratio (TTM)||81.76|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||450.52|
Bill Ackman's Pershing Square Capital Management said in a Tuesday filing with the Securities and Exchange Commission that it has cut its position in Automatic Data Processing Inc. (adp) to 4.2 million shares at the end of June from 8.8 million shares at the end of March. Ackman had built up a stake in ADP as a part of his failed proxy battle, where he attempted to secure three seats on the board. Pershing has built a position in United Technologies Corp. (utx) of 4.5 million shares at the end of June.
Of the 32 analysts that follow Chipotle Mexican Grill (CMG), 28.1% favor a “buy,” 62.5% favor a “hold,” and 9.4% recommend a “sell.” On July 31, Jefferies raised its rating to “buy” from “hold.”
Can Investors Expect More Upside in Chipotle’s Stock Price? For the next four quarters, analysts expect Chipotle Mexican Grill (CMG) to post EPS of $10.23, which represents 33.4% growth from $7.67 in the corresponding four quarters of the previous year. This EPS growth is expected to be driven by revenue growth and the expansion of its net margin.
Can Investors Expect More Upside in Chipotle’s Stock Price? For the next four quarters, analysts expect Chipotle Mexican Grill (CMG) to post revenues of $5.05 billion, which represents 8.5% growth from $4.65 billion in the corresponding four quarters of the previous year. This revenue growth is expected to be driven by the opening of new restaurants and positive SSSG (same-store sales growth).
If you can get past the bacon—we know plenty of people who can’t—then a recent announcement from Chipotle Mexican Grill (CMG) helps illustrate some of the ways the company’s process for getting new menu items to market works. The company, which revamped much of its management team (including a new CEO) earlier this year, last week described details of how several new products would get from its test kitchen, where we got a look at them in June, to consumers. Nachos, which have been in the test kitchen since November, moved to 10 Denver stores in July.
On August 10, Chipotle Mexican Grill (CMG) was trading at $485.47, which represents a rise of 8.7% since the announcement of its second-quarter earnings on July 26. The company’s stock price was driven by its strong second-quarter earnings and the increase of its 2018 SSSG (same-store sales growth) guidance by the company’s management.
Chipotle Mexican Grill Inc.'s ( CMG) stock has had a nice run in recent days, with investors shrugging off a new health scare that has prompted a lawsuit from Ohio residents. According to CNBC, Chipotle's short interest stands at 9.5% of its overall float, which is down from 13.5% at the end of last year. CNBC noted that back in 2006, Chipotle had short interest of as much as 40%.
Momentum could be pointing to big gains going forward for these sectors — regardless of how long the S&P takes to break out.
William Ackman's publicly traded hedge fund is outperforming the broader stock market this year, fueled by rising prices at Chipotle Mexican Grill and Automatic Data Processing Inc, the billionaire investor said on Thursday. "While a few months of strong performance is too short a period to judge our performance, we believe that (Pershing Square Holdings) is back on track," Ackman wrote in his firm's interim financial report. Pershing Square Holdings is up 12.7 percent this year through Aug. 7.
Move over, queso: Chipotle Mexican Grill is ready to try to win back customers with a proven attention-getter: Bacon. The Denver-based restaurant chain (NYSE: CMG), eager to change the conversation from the reports that several hundred people have been sickened after eating at a central Ohio location, announced Thursday that it is adding bacon as an ingredient in several test markets and that it is expanding several other pilot items — including a test run of nachos that will be coming to the Denver market in October. This expansion of what has traditionally been a staid menu is a main focus of the efforts of CEO Brian Niccol, who was hired away from Taco Bell in February, to lead the once-red-hot chain back from a 2-1/2-year slump caused by an E. Coli outbreak that hit a number of its restaurants in other states in late 2015.
Technology giants have drawn some of the largest bets against their stock prices, but short sellers also have a few top Colorado companies in their sights, and none more so than Chipotle. But the tide could be changing.
MARKET PULSE Chipotle Mexican Grill Inc. (cmg) said Thursday that it is testing Applewood Smoked Bacon in eight restaurants in Orange County, Calif. in September after "tremendous" response in the New York City Next Kitchen.
DENVER, Aug. 9, 2018 /PRNewswire/ -- Chipotle Mexican Grill (CMG) is piloting two new menu items and promotions in select cities nationwide as part of its overall commitment to make the brand more accessible and give fans the food they love when they want it. Applewood Smoked Bacon begins its journey on the road to a national rollout after receiving a tremendous response from consumers at the NEXT kitchen in New York City. In September, bacon will expand to an eight-restaurant operations test in Orange County, Calif. before being considered for a full market test.
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 and other media.
Chipotle CMG shares are on fire this year, even as new health and safety worries plague the burrito chain. The stock just posted its longest winning streak since January, pushing it to its highest level in more than a year, but one market watcher warns Chipotle's hot run could cool off. Chipotle currently has short interest at 9.5 percent of its overall float, below the 13.5 percent at the end of 2017.
and ADP helped Bill Ackman post his best first-half performance in four years. , his publicly traded fund, is up 12.7 per cent so far this year, prompting Mr Ackman to declare the fund is “back on track,” in the fund’s half-year financial report. Pershing Square has suffered through three abysmal years, during which it fell as much as 20.5 per cent.
On August 3, Shake Shack (SHAK) was trading at $56.34. On the same day, analysts expected the company’s stock price to reach $54.00, which represents a fall of 4.2% from its current stock price.
Chipotle's doing everything it can to win back customers. Now they're doing it w/ bacon and nachos. Yahoo Finance's Seana Smith, Jen Rogers, Dan Howley and Dion Rabouin discuss.
Friday, August 10: Vice President Mike Pence announces plan for creation of Space Force; Chipotle is testing bacon at eight stores; Buffalo Wild Wings wants to get into legal sports betting. Yahoo Finance Dan Roberts gives you the Friday business news.