|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||449.01 - 454.57|
|52 Week Range||247.52 - 474.46|
|PE Ratio (TTM)||67.43|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||416.70|
Chipotle, which has struggled to turn its business around, has analysts bullish about digital initiatives such as pickup shelves for online ordering.
In an interview with CNBC's Joe Kernen, Trump expressed his displeasure with both the strong dollar and rising interest rates. From a global perspective, the Fed is the only major central bank that is currently raising interest rates. From a technical perspective, Trump's comments came at an inflection point in the U.S. Dollar Index ($DXY).
On July 17, Chipotle Mexican Grill (CMG) was trading at $452.54 per share. On the same day, analysts expected the company’s stock price to reach $416.70 in the next 12 months, which represents a fall of 7.9% from its current stock price. From the graph below, we can see that the average price target has increased from $314.48 in April to the current $416.70.
Of all the available valuation multiples, we have opted for the forward PE (price-to-earnings) multiple for our analysis due to high visibility in Chipotle Mexican Grill’s (CMG) earnings. The forward PE multiple is calculated by dividing the company’s stock price by analysts’ EPS estimates for the next four quarters. The strong first-quarter earnings and SSSG (same-store sales growth) measures adopted by Chipotle’s management have driven the company’s sales.
Wall Street analysts expect Chipotle Mexican Grill (CMG) to post second-quarter EPS of $2.80, which represents a rise of 20.7% from $2.32 in the second quarter of 2017. This EPS growth is expected to be driven by revenue growth, expansion of net margin, and share repurchases. Analysts expect Chipotle’s net margin to improve from 5.7% in the second quarter of 2017 to 6.1%.
Wall Street analysts expect Chipotle Mexican Grill (CMG) to post revenues of $1.26 billion, which represents a YoY (year-over-year) increase of 7.7% from $1.17 billion. This revenue growth is forecast to be driven by the addition of new restaurants and positive SSSG (same-store sales growth). By the end of the first quarter, Chipotle operated 2,441 restaurants compared to 2,295 restaurants by the end of the second quarter of 2017.
Chipotle Mexican Grill (CMG) plans to post its second-quarter earnings after the market closes on July 26. On July 17, CMG was trading at $452.54, which represents a 33.3% increase since the announcement of its first-quarter earnings on April 25. The company’s stock price was driven by strong first-quarter earnings and initiatives that were taken by the company’s management to drive its sales.
Here is a quick look at stories about the leading brands in the industry as recently reported by The Business Journals and other media. Seven fast-food chains have agreed to allow franchises to hire workers from other franchises under the same brand after threats of lawsuits by attorneys general from around the country, including Washington state. Arby's, Auntie Anne's, Buffalo Wild Wings, Carl's Jr., Cinnabon, Jimmy John's and McDonald's will remove "non-poaching" language from franchise agreements.
It was only a couple of years ago that fast casual dining was the biggest trend in the restaurant industry. Now, can Chipotle (CMG) lead a rebound in the dying trend?
On July 10, Mizuho Securities downgraded Chipotle Mexican Grill (CMG) from “neutral” to “underperform.” Following the downgrade, Chipotle’s stock price fell. By the end of the day, Chipotle was trading at $454.21—a fall of 2.1% from the previous day’s closing price.
On July 10, Jeremy Scott of Mizuho Securities downgraded Chipotle Mexican Grill (CMG) from “neutral” to “underperform.” Scott raised Chipotle’s target price from $300 to $330. The new target price represents a fall of 27.3% from the closing price of $454.21 on July 10. As reported by CNBC, in Scott’s research he said, “While it is our view that Niccol is the best choice to lead Chipotle from here, in the absence of clear catalysts that can justify significant earnings upside, we’re compelled to recommend investors reduce their risk.
Chipotle Mexican Grill (NYSE:CMG) stock experienced a setback on Tuesday as the company was downgraded by an analyst over concerns regarding its growth. The analyst downgraded Chipotle Mexican Grill’s stock to underperform from neutral on Tuesday, encouraging investors to avoid buying into this stock until it’s a certainty that CEO Brian Niccol can breathe new life into the company the way he did with Taco Bell. “While it is our view that Niccol is the best choice to lead Chipotle from here, in the absence of clear catalysts that can justify significant earnings upside, we’re compelled to recommend investors reduce their risk,” analyst Jeremy Scott said in a note Tuesday.
Chipotle Mexican Grill, Inc. (NYSE: CMG ) is up nearly 85 percent since the firm poached CEO Brian Niccol from Taco Bell. But for some former buyers, the flavor is fading. The Rating Mizuho Securities ...
A Tuesday note from Mizuho Securities, in which its analysts set an “underperform” rating and a $330 share price target that’s well below current levels and FactSet’s current mean target of about $416, discussed reasons menu innovation could challenge the company. “In a concept where the vast majority of traffic occurs in the lunch daypart and the productivity of its line crew thrives on the simple ordering option tree, innovation can carry unintended consequences,” the analysts wrote. Some of their observations: • The analysts lauded management’s stated intention to carefully craft processes around the actual production of new menu items, noting what might be interpreted as “a lower risk tolerance with regards to menu development.” • They also recently visited the Next Kitchen, where they observed some of the challenges—which we discussed after our own visit—firsthand.
The company also announced it has expanded its national delivery partnership with Chipotle Mexican Grill (CMG), adding 300 locations and reducing delivery fees to $3.99. To celebrate, Postmates is waiving delivery fees on all Chipotle orders through Sunday, July 15. "Since first partnering with Postmates in 2015, we have made getting Chipotle more convenient and accessible to our customers who want it delivered quickly, right to their home, office or wherever they are," said Curt Garner, chief digital and information officer at Chipotle.
Postmates is expanding into 100 new cities, encompassing 50 million new potential customers. The company is also deepening its partnership with Chipotle, adding delivery from 300 new locations. The company is in a race with larger on-demand delivery rivals, including Amazon, Grubhub, Uber and DoorDash.
•...and highlight a downgrade for Chipotle Mexican Grill (CMG). S&P 500 futures have ticked up 0.1%, while Dow Jones Industrial Average futures have risen 63 points, or 0.3%. Nasdaq Composite futures have advanced 0.1%.
Investors should sell Chipotle given a lack of clear innovation in the near-term, according to one analyst, and limit any upside for the already recovered stock.
fell after analysts at Mizuho cut their rating on the Mexican food restaurant chain to underperform from neutral but raised the price target to $330 from $300. Mizuho's price target is much lower than Wall Street's average of $418, according to Bloomberg. The new rating put a dent in the stock's recent run, causing shares to fall 1.9% to $455.01 in premarket trading on Tuesday, July 10.
CNBC's Meg Tirrell reports McDonald's stock is dropping on reports of food illness linked to salads. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Brian Kelly and Guy Adami.
Investing.com - Enough is enough.After an 80% spike since Brian Niccol was named CEO in February, Chipotle shares were downgraded to sell by Mizuho.In a note to clients, the Wall Street firm said investors "should reduce their risk" because the stock price already reflects an "aggressive recovery" in sales and profit margins.Niccol recently outlined his turnaround plan for the burrito chain, but analysts called it short on details.Given that, Mizuho said there are no clear catalysts to "justify significant earnings upside." Mizuho, however, did acknowledge Niccol's "impressive track record" as CEO of Taco Bell, calling him the "best choice to lead Chipotle."Niccol replaced founder Steve Ells, who struggled to guide the company back from a series of food safety incidents dating back to 2015. The stock traded as high as $750 a share back then.
These crispy baked avocado fries with chipotle dipping sauce are healthy, delicious and are sure to impress everyone at the table! Check out the recipe on this episode of Best Bites!