325.00 +0.24 (0.07%)
Pre-Market: 8:00AM EDT
|Bid||324.76 x 100|
|Ask||326.00 x 200|
|Day's Range||319.25 - 325.81|
|52 Week Range||295.11 - 499.00|
|PE Ratio (TTM)||69.81|
|Earnings Date||Oct 24, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||354.42|
Customers of Chipotle Mexican Grill Inc. have been criticizing the fast-food chain's new queso cheese-dip on social media since it debuted last month. Now, Wall Street analysts are making the case that ...
Many recent breakouts, such as Apple, Facebook, Google parent Alphabet and Alibaba, have acted like beached whales, clearing buy points but then going nowhere.
At least seven analysts slashed their price targets this week ahead of Tuesday's quarterly report. Like a fly on your burrito, it's not a good sign.
Chipotle Mexican Grill hasn’t had an easy recovery following its 2015 E. coli scandal, and Wall Street isn’t particularly confident about things getting better, at least not in the just-ended quarter. Recall that at the beginning of the third quarter, Chipotle was still making headlines for a food-safety incident at one of its Virginia stores. The company tried to restore momentum by introducing queso, a much requested menu item, in September, but it’s unlikely the new menu addition made much of a difference.
Shares of Mexican-inspired chain Del Taco Restaurants fell 19% in Friday trading, after the company reported better than expected sales and earnings but warned that it’s been feeling some pressure from quick-serve joints that have been offering attractive promotions recently. ”We’re seeing an intensified [quick-service] focus on value right now with particular emphasis on these compelling value bundles that are out there in the marketplace at that $5 price point as well as some of that discounted beverage activity that’s going on,” CEO John Cappasola said during Del Taco’s earnings call Thursday. Meanwhile, investors in Chipotle Mexican Grill’s stock seem to think that Del Taco’s problems are more isolated.
We looked ahead to next week and selected the biggest reports to watch. Make sure to keep an eye on CMG, BA, and AMZN as they prepare to report during the week of October 23
RBC Capital lowered its price target for Chipotle Mexican Grill (CMG) to $330 from $400 on concern about sales, increasing labor costs, the chain’s disappointing queso launch and higher avocado prices. In a note to clients, titled “Worst queso scenario,” analyst David Palmer wrote, “We suspect that recent performance of Chipotle’s SSS initiatives (e.g., queso) and marketing effectiveness is likely to disappoint expectations. Citi upgraded Lululemon (LULU) to a buy from hold and raised its price target on the stock to $73 a share, implying a 21% move to the upside from the stock’s closing price on Thursday.
On today's episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week's biggest stories, including the airline industry's reaction to United's earnings announcement, Blue Apron's plan to cut jobs, and a preview of Chipotle's upcoming earnings report.
Bernstein's Sara Senatore and her team check in on restaurants this morning, writing that after the sector notched a big downturn in demand in July, trends have steadily improved (excluding the effects of hurricanes). Investor sentiment has also shifted as restaurants staged a recovery intraquarter, with most stocks regaining ground from their lows in September and earlier this month, while buy-side expectations have increased the most for burger quick-serve restaurants (QSRs).
Despite various sales-building efforts, renewed food-safety concerns might hamper Chipotle's (CMG) performance in the third quarter.
If Twitter Inc (NYSE: TWTR ) and Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL )'s YouTube reviews mean anything, Chipotle Mexican Grill, Inc. (NYSE: CMG )’s new queso is “trash,” its flavor “chalk” or “dog ...
Chipotle Mexican Grill’s new “queso” cheese topping pictured in San Francisco, California, U.S. September 18, 2017. The restaurant sector analysts at RBC Capital have cut their price target for Chipotle Mexican Grill (CMG) to $330 from $400. Palmer says that Chipotle’s new queso, which launched on Sept. 12, has been disappointing.
The phrase “nothing lasts forever” aptly describes the rise and fall of Chipotle Mexican Grill, Inc. (NYSE:CMG). Then several food safety issues (including three E. Coli outbreaks) put the brakes on. Now, this is not to understate the seriousness of food safety, but CMG management has been razor-focused on this issue for years now.
Analysts at Bank of America lowered their estimates on Chipotle's earnings per share forecast in 2018 and 2019 over difficulties in reducing labor costs.
Shares of Chipotle Mexican Grill Inc. fell 2.5% Wednesday, as analysts took a cautious view of the stock ahead of third-quarter earnings due next week. Wedbush analysts said they are expecting same-restaurant ...
Chipotle Mexican Grill (CMG) now has one more problem weighing on its bottom line: employee wages. There is no shortage of bears growling over the fast-casual restaurant chain. Earlier today, Deutsche Bank’s Brett Levy reiterated his Underperform rating, arguing that valuation, as well as brand, operational and financial issues will continue to weigh on the restaurant chain’s stock.
Yahoo Finance's Seana Smith is tracking Chipotle, Lululemon and GE in intraday trading on Friday.
Honeywell, PayPal, Skechers and Chipotle are among the stocks to watch.