CMG - Chipotle Mexican Grill, Inc.
670.11 +2.99 (0.45%)
Pre-Market: 8:32AM EDT
| Previous Close | 706.04 |
| Open | 682.00 |
| Bid | 668.00 x 1000 |
| Ask | 668.00 x 800 |
| Day's Range | 657.00 - 687.00 |
| 52 Week Range | 383.20 - 727.00 |
| Volume | 1,479,249 |
| Avg. Volume | 601,758 |
| Market Cap | 18.488B |
| Beta (3Y Monthly) | 1.24 |
| PE Ratio (TTM) | 91.17 |
| EPS (TTM) | 7.32 |
| Earnings Date | Jul 24, 2019 - Jul 29, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 683.00 |
- Yahoo Finance Video•18 hours ago
Chipotle downgraded due to rising pork prices and concerns over African swine fever impact
BMO Capital downgraded its rating for Chipotle to "underperform", warning pork prices could rise due to the African swine fever. Heidi Chung joins Seana Smith on 'The Ticker' to discuss Chipotle's response and the other fast casual food companies that may at risk.
- CNBC•2 hours ago
Chipotle may be headed for a 'slippery slope' as stock drops
It was an unsavory day for Chipotle CMG . The stock fell nearly 6% Thursday, to $667.12, after BMO Capital Markets downgraded the fast-casual chain, cutting its price target to $620 from $675 and saying higher pork prices due to global outbreaks of African swine fever could put pressure on margins. The action marked Chipotle's worst trading day in six months.
- TheStreet.com•13 hours ago
Baking It In: Cramer's 'Mad Money' Recap (Thursday 5/23/19)
Until all of the negative trade news is fully baked into the stock market, investors need to remain cautious, Jim Cramer warned his Mad Money viewers Thursday. Other markets, like oil and U.S. Treasuries are already assuming the worst, Cramer said, but so far stocks have not followed suit. Neither side is feeling overly compelled to compromise, Cramer said, and for the first time, our government is willing to take action against bad actors like Huawei.
- CNBC•13 hours ago
Cramer Remix: Why Chipotle's downgrade is misguided
"Chipotle's stock got slammed nearly 5% on BMO's errant note," CNBC's Jim Cramer says. Shares of Chipotle CMG took a hit on Thursday on what CNBC'S Jim Cramer deemed misguided Wall Street analysis. "Chipotle's stock got slammed nearly 5% on BMO's errant note," the "Mad Money" host said.
- Motley Fool•16 hours ago
Chipotle Isn't Worried About African Swine Fever
Wall Street thinks Chipotle has a fever. But it may not require a prescription.
Investor's Business Daily•16 hours agoIBD Stock Of The Day Chipotle Flashes These Two Key Sell Signals
IBD Stock Of The Day: Chipotle flashed two big sell signals as an analyst downgraded the chain, citing rising pork costs due to widespread African swine fever.
- Motley Fool•18 hours ago
Here's Why Chipotle Mexican Grill Stock Fell Today
An analyst downgrade on fears about global pork supply is taking a bite out of the burrito chain's stock price.
- MarketWatch•18 hours ago
Chipotle's stock sinks after BMO Capital turns bearish, citing 'underappreciated' African swine fever risks
Shares of Chipotle Mexican Grill Inc. sank 6.0% in afternoon trade Thursday, after BMO Capital turned bearish on the fast-casual Mexican food chain, citing "underappreciated" risks associated with the outbreak of African swine fever. Analyst Andrew Strelzik cut his rating to underperform from market perform, and slashed his stock price target to $620, which is about 6.5% below current levels, from $675. "African swine fever likely will create a meaningful, multi-year upswing in protein prices and the potential magnitude and duration of impact across the restaurant industry is underestimated, in our view," Strelzik wrote in a note to clients. "We believe the potential magnitude and duration of ASF impacts to margins is underappreciated and [Chipotle] is among the restaurants most at risk." He also downgraded to Bloomin' Brands Inc. to underperform and cut his price target to $18 from $23, and the stock tumbled 9.4%. Chipotle's stock was still up 53.7% year to date and Bloomin' shares have advanced 2.3%, while the S&P 500 has gained 12.0%.
- Barrons.com•19 hours ago
Chipotle Stock’s Latest Trouble Could Be African Swine Fever
Food-related issues are hitting Chipotle Mexican Grill’s stock again—though the company is disputing the work of a bearish analyst.
- Market Realist•20 hours ago
Chipotle Stock Fell ~6.0% after BMO’s Downgrade
Chipotle: BMO Downgraded the Stock to 'Underperform'(Continued from Prior Part)Stock performanceAfter BMO’s downgrade, Chipotle Mexican Grill (CMG) was trading down in early morning trade on May 23. At 11:15 AM EST, Chipotle was trading at
- TheStreet.com•20 hours ago
Chipotle Downgraded to Underperform at BMO on African Swine Fever Concerns
Updated from 11:58 am to add comment from Chipotle. shares were falling Thursday after BMO Capital Markets analyst Andrew Strelzik downgraded the stock to underperform from market perform on concerns over the spread of African swine fever. The analyst said the spread of African swine fever could inflate protein prices as early as the third quarter, he said in a note Thursday.
- InvestorPlace•20 hours ago
Chipotle News: Why CMG Stock Is Getting Cooked Today
Chipotle news for Thursday has CMG stock taking a hit.Source: Mike Mozart Via FlickrChipotle (NYSE:CMG) is in the news today because the company's stock is the subject of a downgrade. This downgrade comes from BMO Capital Markets analyst Andrew Strelzik. This has the firm's rating for CMG stock dropping from "Market Perform" to "Underperform."It isn't just a downgrade that is bad Chipotle news for Thursday. To go along with the downgrade is a new 12-month price target. This new price target is $620. The old price target for CMG stock was $675. This represents a roughly 8% drop from the previous price target.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's also worth noting that the new price target for CMG stock is well below the FactSet average price target. This price target average is currently sitting at $678, which is above the previous price target from BMO Capital Markets.The new price target for CMG stock is also sitting well below its closing price on Wednesday. CMG stock was sitting at $705.88 when the markets closed yesterday. This has the new price target being roughly 12% below that closing price. * 6 Stocks to Buy for This Decade's Massive Megatrend So what exactly is behind the downgrade that is bad Chipotle news? There are concerns that the African Swine Fever outbreak could result in higher prices for the restaurant chain. However, CMG argues that pork makes up a small part of its menu and that it mostly gets its meat from higher-quality sources. It says this means the outbreak is unlikely to affect it, reports CNBC.CMG stock was down 6% as of Thursday afternoon. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace 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 Getting Cooked Today appeared first on InvestorPlace.
- CNBC•20 hours ago
Stocks making the biggest moves midday: L Brands, Copart, Chipotle & more
Check out the companies making headlines midday Thursday:L Brands LB — L Brands surged 12.8% after the parent company of Victoria's Secret and Bath & Body Works reported first-quarter earnings that surpassed expectations .
- Market Realist•20 hours ago
Could Chipotle Continue to Boost Ackman’s Fund in 2019?
Could Ackman’s Pershing Square's Flying Start in 2019 Continue?(Continued from Prior Part)Chipotle worked wonders for Bill AckmanBill Ackman first took a stake amounting to $1.19 billion in Chipotle Mexican Grill (CMG) in September 2016. The
- American City Business Journals•20 hours ago
Chipotle shares plummet after analyst downgrade, African swine fever worries
African swine fever could cause pork prices to rise and affect Chipotle as early as the third quarter of this year, worried one analyst. But Chipotle says his worries are groundless.
- Motley Fool•21 hours ago
Stock Market News: Falling Oil Hits ExxonMobil; Will Swine Fever Burn Chipotle?
Trade fears hit the stock market hard on Thursday morning.
- Market Realist•21 hours ago
Chipotle: BMO Downgraded the Stock to ‘Underperform’
Chipotle: BMO Downgraded the Stock to 'Underperform'DowngradeOn May 23, BMO Capital Markets downgraded Chipotle Mexican Grill (CMG) from “market perform” to “underperform.” There are concerns about rising commodity prices due to African
- Zacks•yesterday
Zacks Market Edge Highlights: Amazon, Micron, Alibaba, Chipotle and Restaurant Brands
Zacks Market Edge Highlights: Amazon, Micron, Alibaba, Chipotle and Restaurant Brands
- CNBC•yesterday
Here are the biggest analyst calls of the day: Target, Uber, Apple, Ferrari & more
BMO downgraded Chipotle to underperform from market perform UBS lowered its price target on Apple to $225 from $235 Mizuho downgraded Qualcomm to neutral from buy J.P. Morgan upgraded Target to overweight ...
- CNBC•yesterday
Chipotle downgraded because of rising pork price due to African swine fever
BMO downgraded Chipotle to underperform from market perform, citing its high exposure to the virus-related animal protein. "It has the greatest pork exposure in our coverage (estimated at 10%), and our work suggests that CMG realizes commodity inflation with little to no lag," BMO analyst Andrew Strelzik said. Chipotle Mexican Grill CMG is about to take a hit from rising prices due to the African swine fever, according to BMO Capital Markets.
- CNBC Videos•14 hours ago
Cramer Remix: Why Chipotle's downgrade is misguided
Jim Cramer explains why worries at the restaurant chain may be off-base.
- Investor's Business Daily Video•21 hours ago
Chipotle Flashes Sell Signal
BMO Capital markets downgrades this stock to underperform, citing higher pork prices due to an outbreak of African swine fever in China.
