|Bid||0.00 x 900|
|Ask||429.60 x 900|
|Day's Range||427.56 - 436.61|
|52 Week Range||247.52 - 487.52|
|PE Ratio (TTM)||69.52|
|Earnings Date||Jul 23, 2018 - Jul 27, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||372.50|
NEW YORK, NY / ACCESSWIRE / May 25, 2018 / Chipotle shares traded pretty flat on Thursday but that didn't mean there wasn't some positive developments going on with the Mexican burrito chain. The company announced it is moving its headquarters from Colorado to California and that it would be adding mobile drive-thru windows at locations. Shares of Universal Corporation saw big gains after reporting fourth quarter and full year results on Wednesday.
Five new Chipotle locations across the country have adopted drive-thrus, but they are not your typical fast-food lanes.
As the fast-casual restaurant chain prepares to move its headquarters to the California, Gov. Jerry Brown says colleges should look to Chipotle's menu as a model.
McDonald's, Chipotle and other top restaurant chains are expanding into home delivery services as e-commerce reduces their traffic. But revenue-sharing with the likes of Uber Eats and Grubhub, as well as execution issues, make this shift a dicey proposition.
Chipotle Mexican Grill is systematically adding drive-thru lanes to some of its new locations, but you won't be able to place an order at any of them.
Twenty-five years after its founding near the University of Denver and just six months after announcing it had signed a lease to consolidate its disparate Denver corporate employees in a headquarters in a new downtown skyscraper, Chipotle Mexican Grill (NYSE: CMG) is leaving its hometown to locate near the home of its new CEO. On Wednesday, America’s 14th-largest quick-service restaurant chain — and the eatery that’s been given credit for making Denver a national incubator of fast-casual concepts — announced it would clear all of its corporate employees out of Colorado in the next six months, moving them to its new headquarters in Newport Beach, California and to an existing office in Columbus, Ohio. The company similarly will be shutting down its office in New York.
Chipotle (che-POHT'-lay) is moving its headquarters from its hometown of Denver to southern California. The burrito chain announced Wednesday that work done in its Denver and New York offices will be either moved to its new headquarters in Newport Beach, California or taken over by its existing office in Columbus, Ohio over the next six months. The Denver and New York offices will then be closed.
Chipotle Mexican Grill Inc. is cooking up some culture shock with its latest announcement -- a move to the West Coast. The burrito seller -- which earlier this year named Taco Bell’s former chief executive officer, Brian Niccol, as its leader -- is moving its headquarters to Newport Beach, California, just miles from Taco Bell’s Irvine head office. With the relocation from Denver, Chipotle is trading in the city where its first restaurant opened 25 years ago for a state more known for its love of In-N-Out Burger.
Chipotle said Wednesday it will shutter its offices in Denver and New York and relocate its headquarters to Newport Beach, California. Other prominent restaurant chains with headquarters in the area include Taco Bell, Del Taco and In-and-Out. Chipotle Mexican Grill CMG is taking its C-Suite to So-Cal.
Chipotle Mexican Grill Inc. said Wednesday that it is relocating its headquarters to Newport Beach, Calif. from Denver. Functions handled in the Denver office, as well as the company's New York office, will either move to Newport Beach or to an existing office in Columbus, Ohio. The Columbus office, with currently 100 workers, will grow to more than 250.
TripAdvisor TRIP , Chipotle CMG and Under Armour UAA — are making impressive rebounds in 2018. "Over the last month, I was very worried about this stock because it was a little overbought, it was coming up against some key resistance levels," Maley told CNBC's " Trading Nation " on Tuesday.
DENVER, May 23, 2018 /PRNewswire/ -- Chipotle Mexican Grill (CMG) announced today its plans to relocate its headquarters, currently in Denver, Colorado, to Newport Beach, California. Functions within the current Denver office will either be consolidated in Chipotle's existing office in Columbus, Ohio or moved to the new headquarters in Newport Beach. "We have a tremendous opportunity at Chipotle to shape the future of our organization and drive growth through our new strategy," said Brian Niccol, chief executive officer at Chipotle.
Just months after it named a new chief executive, the fast-casual burrito chain said on Wednesday that it will move its headquarters from Denver, Colorado — where its first restaurant was opened 25 years ago — to Newport Beach, California, as it ploughs ahead with efforts to make a clean break from recent woes. Chipotle said that over the next six months, it will move operations from its current Denver office to either Newport Beach or another office in Columbus, Ohio, which houses support functions. About 400 employees will be affected, Chipotle said.
Darden Restaurants DRI has taken a tumble this year, but one trader is betting the stock is about to heat up. Shares of the restaurant group, which includes popular chains like Olive Garden and The Capital Grille, have plunged nearly 12 percent since January. Call volume for Darden on Thursday was 15 times average.
While unit expansion and menu innovation are likely to aid Zoe's Kitchen's (ZOES) revenues in the first quarter of 2018, high costs might mar earnings.
Bernstein's Sarah Senatore takes a look at restaurant stocks today, and how they stock up on a rent-adjusted enterprise-value-to-invested-capital basis, and writes that she still sees a healthy appetite ...
CNBC used Symmetric.io, a hedge-fund tracking firm, to find the best stock-picking funds and the companies they are buying. The data reflects first-quarter holdings that hedge funds disclosed this week in required quarterly filings. Well-known hedge-fund managers such as David Tepper and Dan Loeb get much of the attention, but there are lower-profile stars that are performing even better and beating the market.
The Nasdaq composite is leading the indexes higher. Chip, restaurant, apparel retail and other consumer spending stocks are pacing the upside.
Bulls had a modest goal for Wednesday's session — avoid trouble. In midday action, stocks were holding steady. Oil firms cooled off.
Chipotle's recently appointed CEO brings the necessary leadership to spur accelerating same-store sales and earnings growth over the coming years, Staszak said in a note. The multiple initiatives is intended to attract more low-income and middle-income consumers, which in turn will increase its overall market share.
How Much Upside Is Left in Chipotle’s Stock Price? On May 14, Chipotle Mexican Grill (CMG) was trading at $425.06. On the same day, analysts were expecting Chipotle’s stock price to reach $372.50 in the next 12 months, a fall of 12.4% from its current price.
Piper Jaffray’s recent reiteration of its bullish stance on Chipotle Mexican Grill, Inc. (NYSE:CMG) and recently upped price target on CMG stock is far more about assuming the market’s going to buy into the “suddenly hot” story — and far less about the company’s plausible future success. On the off chance you’re reading this and aren’t aware, the past couple of years have been miserable ones for Chipotle Mexican Grill, as well as for owners of CMG stock.
With the 10-year Treasury yield eclipsing 3%, U.S. stock markets are under pressure Tuesday. The declines shouldn’t be too surprising though, as the market has been pretty hot over the past eight trading sessions. Here’s a look at our top stock trades for Wednesday. Top Stock Trades for Tomorrow #1: Chipotle (CMG)