702.46 0.00 (0.00%)
After hours: 5:03PM EDT
|Bid||701.70 x 900|
|Ask||703.25 x 800|
|Day's Range||696.00 - 704.64|
|52 Week Range||329.66 - 721.21|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||111.32|
|Earnings Date||Apr 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||597.67|
The earnings extravaganza continues on Wednesday with reports from heavyweights Boeing before the opening bell and Facebook, Microsoft and Tesla after the closing bell.
Analysts and investors are bullish on Chipotle as digital initiatives show signs of driving up sales.
The Zacks Analyst Blog Highlights: Chipotle Mexican Grill, Darden Restaurants, Brinker International and J. Alexander's
Chipotle stock has risen throughout the beginning of 2019, jumping after the fourth-quarter report in early February. That has led to increased scrutiny from Wall Street analysts.
If you are into technical analysis, the first thing you probably learned is volume is key. What is really key is volume levels and volume trends. Volume is one of two primary indicators, the other being price action.
With a market capitalization of US$19b, Chipotle Mexican Grill, Inc. (NYSE:CMG) is a large-cap stock, which is considered by most investors as a safe bet. Common characteristics for these big stocks are their strong balance sheet and...
Bill Ackman Thanks Warren Buffett for His Fund’s Comeback in 2019(Continued from Prior Part)Bill Ackman thanks Warren Buffett Bill Ackman has made a huge comeback in 2019. His fund, Pershing Square, is up 40% year-to-date. He credits this comeback
Bill Ackman Thanks Warren Buffett for His Fund’s Comeback in 2019Bill Ackman is making a strong comeback in 2019Bill Ackman, Pershing Square’s founder and CEO, spoke at a money manager conference in New York on April 16. This year is turning out
With more than 6,500 locations across the country, Taco Bell is one of the top fast-food chains in the U.S. But turnover in top management could mean trouble for the company in the years ahead.
A shakeout involves a rush to the exits by investors who suffered a long price decline in a stock and now can break even or perhaps make a small profit.
Chipotle's (NYSE:CMG) has been one of the market's proverbial hot tamales in 2019. But in front of next week's earnings conditions, a cooling off is needed before investors take a bite or nibble of Chipotle stock.Source: Shutterstock It has been a tough week for CMG bulls. Well, kind of … Chipotle stock has shed 3.40% through Wednesday's close compared to the S&P 500's much milder 0.25% dip. But don't cry for Chipotle investors just yet.Shares of CMG are up 50% in 2019 versus 15% for the broader-based average. And that's on top of a sizzling 57% gain in 2018. Further, with CMG stock just 11% removed from its all-time-highs set in 2015, it would be hard to make the case for the bulk of investors regretting their purchases.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut an order of buyer's remorse for Chipotle stock could be coming off the menu that's backed by this week's downgrade from overweight to equal weight by Morgan Stanley.Analyst John Glass was behind the investment firm's downgrade in CMG shares. At the same time, Chipotle's well-below price target of $617 was lifted to a closer-to-the-action $658. Mr. Glass cited CMG's rally as having gone up too far, too fast and shares being close to his bull-case valuation, which could still take a couple of years to play out. * 10 Best Stocks to Buy and Hold Forever I'm not 100% on-board with Morgan Stanley regarding the next two to three years. Nevertheless, right now, the Chipotle stock chart is strongly implying it's time for bulls to finally ring the register, with the intention to place another well-served order shortly. Chipotle Stock Weekly Chart Click to EnlargeI've been a staunch Chipotle stock advocate and shareholder for some time. Most recently and following last quarter's earnings report, my view was still an unequivocally bullish one, promoting CMG's breakout at the time as being 110% "for real."But I'm taking a step away from Chipotle through the earnings event before revisiting the stock and making any fresh buying decisions.The fact is bulls and bears make money, but pigs get slaughtered more often than not. And with the CMG stock chart graciously trumping a targeted zone of $650 - $700 from a corrective W-shaped base breakout and weekly stochastics extremely overbought, the risks in continuing to own CMG stock are elevated in the near term.And with CMG's earnings reaction being a typically volatile affair, you don't have to be one of Chipotle's still top-heavy legion of bears or critics to lock in and say thanks to Chipotle stock's fast fresh price action and happily wait for more opportune prices before placing your order.Disclosure: Investment accounts under Christopher Tyler's management recently exited Chipotle stock (CMG) and/or its derivatives, but still love ordering takeout from Chipotle. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Is It Finally Time to Drop Chipotle Stock? appeared first on InvestorPlace.
Chipotle (CMG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Chipotle (CMG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 1 (Strong Buy).
A stream of Chipotle customers have said their accounts have been hacked andare reporting fraudulent orders charged to their credit cards — sometimestotaling hundreds of dollars
Shares of Chipotle Mexican Grill Inc. took a 2.4% hit in afternoon trade Wednesday, after Morgan Stanley analyst John Glass backed away from his bullish stance on the fast-casual Mexican food chain, as he suggested the stock has run up too far too fast. He cut his rating to equal weight, after being a overweight since August 2018. Although he raised his price target to $658 from $617, that was still 4.5% below current levels. Glass said the stock has more than doubled (up 106%) over the past 12 months, leaving it close to his bull-case valuation, which he believes could still take 2 to 3 years to fully play out. Meanwhile, the S&P 500 has gained 7.2% the past year. Chipotle's stock as pulled back slightly since closing on April 10 at $718.85, the highest level since Oct. 16, 2015, which means it had erased all the losses suffered following E. coli and norovirus outbreaks. Chipotle is scheduled to report first-quarter results on April 24, after the market closes.
Morgan Stanley Downgrades Chipotle to 'Equal Weight'(Continued from Prior Part)Stock performance Today, Chipotle Mexican Grill (CMG) was trading in the red after Morgan Stanley downgraded the stock. As of 12:20 PM EST, Chipotle was trading at
Morgan Stanley Downgrades Chipotle to 'Equal Weight'Morgan Stanley’s downgrade Today, Morgan Stanley downgraded Chipotle Mexican Grill (CMG) from “overweight” to “equal weight” as the surge in the company’s stock price drove its valuation
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