1,003.91 0.00 (0.00%)
After hours: 4:59PM EDT
|Bid||1,004.00 x 1000|
|Ask||1,010.00 x 900|
|Day's Range||989.97 - 1,006.89|
|52 Week Range||415.00 - 1,087.00|
|Beta (5Y Monthly)||1.18|
|PE Ratio (TTM)||84.00|
|Earnings Date||Jul 21, 2020 - Jul 27, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||867.64|
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Pershing Square Capital Management hedge-fund manager Bill Ackman told investors on a call on Wednesday that he is dumping Warren Buffett’s Berkshire Hathaway. The stocks he bought more of and is keeping are worth paying attention to.
Restaurant crisis, you say? Not if you’re an investor of fast casual chain Chipotle Mexican Grill (CMG). The restaurant industry’s struggles during the pandemic have been well documented, as enforced closures have decimated the sector. But CMG shares recently notched an all-time high, blasting through the $1000 mark. So what is driving the forward momentum?Several reasons. Firstly, Chipotle has done an excellent job boosting its digital presence by increasing the focus on the takeaway and delivery segment. The move has paid off handsomely during the pandemic.While Chipotle’s excellent Q1 earnings results saw revenue increase by 7.8% to $1.4 billion, digital sales really shone – increasing by 80% to a record $371.8 million and amounting to 26.3% of overall sales.Marketing efforts have paid off too, with a massive increase in loyalty program members. Daily sign-ups almost quadrupled in the month leading up to the earnings release.Another element working in Chipotle’s favor is its position within the wider spectrum of eating out habits. Chipotle is part of the limited service category, which has been taking an increasingly large chunk out of total restaurant share. Within that segment, the fast-casual category in which Chipotle belongs, is growing faster than other segments. Add the increasing popularity of Mexican food into the mix and you have a recipe for success.Deutsche Bank analyst Brian Mullan agrees. The analyst believes “Chipotle's first-mover and growing competitive advantages in the digital and loyalty arenas leave it poised to take outsized category share over at least the next several year period.”However, Mullan’s positive assessment is tempered by the stock’s recent mercurial gains.“While all-time highs make sense to us, the risk-reward has of course changed by nature of the recent rally… As a result, we will try to exercise some patience / discipline and not push our long-term assumptions too hard in order to support a Buy rating in the here and now. We would look to get more positive on any pullbacks, should the opportunity present itself,” Mullan concluded. Accordingly, Mullan rates Chipotle shares a Hold. (To watch Mullan's track record, click here)The analyst fraternity’s views on Chipotle is currently split down the middle. A Moderate Buy consensus rating is based on an even 13 Buys and Holds, each. The recent gains mean the average price target of $901 represents downside of 9% and a change. (See Chipotle stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
As the rest of the restaurant industry reels from the impact of COVID-19, pizza chains are coming out on top.
Deutsche Bank’s Brian Mullan calls Chipotle’s long-term outlook “compelling,” but is concerned about the stock’s steep valuation.
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Fast food giant Taco Bell is ramping up hiring and announced today that it will be hiring 30,000 workers this summer.
Chipotle (CMG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Chipotle Mexican Grill (NYSE: CMG) today announced its Graduation Gift Card Give Back program that will honor 2020 graduates and support future educational pursuits. The brand will be matching 10% of special graduation-themed egift card purchases and donating to Scholarship America, an organization that works directly with students, parents, colleges, businesses and communities to help students fulfill their college dreams. Since it was founded in 1958, Scholarship America has distributed $4.3 billion to more than 2.6 million students. Additionally, the first 5,000 Chipotle customers who purchase a graduation-themed egift card will receive a digital BUY-ONE-GET-ONE (BOGO) offer.
The probability that U.S. restaurants will default has soared in recent weeks as a result of the devastating COVID-19 pandemic, according to S&P Global Market Intelligence.
Chipotle Mexican Grill (NYSE: CMG) announced today the second class of ventures for the Chipotle Aluminaries Project 2.0, an accelerator program designed to support growth-stage ventures from across the country who are working on solutions to address problems facing today's young farmers. The industry-leading program is sponsored by the Chipotle Cultivate Foundation in partnership with Uncharted, both nonprofit 501(c)(3) organizations. The seven-month annual accelerator program will connect ventures to the people and organizations they need in order to scale their solutions including mentors, funders and partners.
Chipotle Mexican Grill (NYSE: CMG) has been hot recently. Chipotle released first-quarter earnings results on April 21 for the period ending March 31. In the first quarter, 65% of new members were new to Chipotle, and 61% of previously in-store members joined digital.
Chipotle Mexican Grill (NYSE: CMG) today announced that its Complete Customization Chipotle app feature allows users to make any ingredient light, standard or extra. Guests at home craving the dining out experience or simply those who prefer to order digitally can access the feature by swiping from left to right on an ingredient in the Chipotle app when building out their digital entrée.
A video star, fitness guru, and restaurant chain that hit an all-time this week are among the stocks that the famous mutual fund investor would probably be buying if he didn't retire 30 years ago.
Prime storefronts left empty by failed businesses. As the coronavirus permanently shutters some small businesses, big fast-food brands like Domino's Pizza, Chipotle and Wendy's that were doing well before the crisis want to grow - or continue pre-existing expansion plans - after the pandemic subsides. David Deno, chief executive officer of Outback Steakhouse parent company Bloomin' Brands, told Reuters in an interview that "I don't mean to wish ill on anybody, but there's going to be real estate opportunities," for new stores or relocations to areas with "better visibility, better access and better parking."
A recent survey released by Piper Sandler, which assessed consumer behavior changes amidst COVID-19, concluded that most respondents were generally optimistic about the economy, more than half are spending less since mid-March, and 55% of consumers don’t expect to return to normal spending behavior for >6 months after COVID-19 concerns fade. The Final Round panel breaks down the survey and discusses what the survey means for retailers in a post-coronavirus world.
States across the U.S. are beginning to reopen parts of their economies, and a surprising number of consumers are willing to visit restaurants as soon as they reopen, according to a new survey by Piper Sandler.
Taiwan Semiconductor Manufacturing, Chipotle, Activision Blizzard, Glu Mobile and Zynga highlighted as Zacks Bull and Bear of the Day
It's not just dining customers asking for the check these days. Many indie operators and a few established chains may buckle in this COVID-19 environment.