|Bid||432.69 x 1100|
|Ask||432.97 x 3200|
|Day's Range||428.50 - 435.41|
|52 Week Range||247.52 - 530.68|
|Beta (3Y Monthly)||0.48|
|PE Ratio (TTM)||71.81|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||466.29|
Seeking a scapegoat for October’s stock market convulsions? Try the dark cloud looming on the horizon known as peak earnings growth. With profit growth poised to slow sharply in 2019 for a number of reasons – chief among them less of a jolt from the Trump tax cuts – the market swoon happening today likely reflects the bottom line reality ahead.
Fast casual chain Chipotle Mexican Grill, Inc. (NYSE: CMG ) boasts an "enviable position" compared to its large-cap restaurant peers, according to Maxim Group. The Analyst Analyst Stephen Anderson ...
Investors worried about China’s economy and rising interest rates might want to think about buying Chipotle stock.
Some analysts are upbeat about Chipotle while others are bearish after a July report about food-related illness.
Chipotle (CMG) is poised to witness sales and earnings growth in the third quarter, given the company's strong sales-building and cost-containment efforts.
On October 22, CNBC reported that RBC Capital Markets upgraded Chipotle Mexican Grill (CMG) from “sector perform” to “outperform.” RBC Capital Markets increased Chipotle’s target price to $510 from the earlier target price of $450. The new price target represents an upside potential of 18.3% from Chipotle’s closing price of $431.19 on October 22.
Of the 32 analysts covering Chipotle Mexican Grill (CMG) stock, 31.3% are recommending a “buy” as of October 19. About 53.1% are recommending a “hold,” and 15.6% are recommending a “sell.” That same day, analysts set an average price target of $446.50, which represents an upside potential of 8.9% from $428.54.
For the third quarter, analysts expect Chipotle Mexican Grill (CMG) to post EPS of $2.02, which represents a 51.5% rise from $1.33 in Q3 2017. EPS growth could likely be driven by revenue growth and an expansion of net margins. Analysts expect Chipotle’s net margin to improve from 1.7% in the third-quarter of 2017 to 4.6% in the third quarter of 2018.
The RBC analyst cited a recent survey from the investment bank in which over 1,000 respondents answered questions regarding their experience with Chipotle. The study found that Chipotle remains in the top three favorite chains of all quick-service restaurants, an impressive feat given a series of foodborne illness scares that have weighed heavily on foot traffic and beaten down the stock since 2015.
Analysts expect Chipotle Mexican Grill (CMG) to post revenues of $1.24 billion in the third quarter, which is a 9.5% growth from $1.13 billion in Q3 2017. Chipotle’s revenue growth is expected to be driven by the addition of new restaurants and positive SSSG (same-store sales growth). By the end of the second quarter, Chipotle operated 2,427 restaurants, which is 97 more than 2,330 at the end of the third quarter of 2017.
Chipotle Mexican Grill (CMG) is scheduled to post its third-quarter earnings after the market closes on October 25. As of October 19, the stock was trading at $428.54, which represents a fall of 5.1% since the announcement of its second-quarter earnings on July 26.
Chipotle failed to "give consumers a reason" to visit its stores since a 2015 food safety outbreak, Palmer said. RBC's proprietary survey found that 16 percent of respondents haven't eaten at Chipotle in the past six months due to food safety concerns. Also, 21 percent of respondents said improved food safety and quality would encourage them to eat at Chipotle more often.
New management at Chipotle Mexican Grill will grow sales at the burrito chain through a new menu, digital and delivery offerings and other marketing successes, according to RBC Capital Markets.
NEW YORK, NY / ACCESSWIRE / October 22, 2018 / Restaurant stocks Chipotle and Shake Shack were both in the red on Friday despite both having positive developments recently. Shake Shack was given an “A” ...
Chipotle Mexican Grill Inc. was upgraded to outperform from sector perform at RBC Capital Markets on same-store sales growth potential. RBC's price target was lifted to $510 from $450. RBC surveys show menu, digital and delivery opportunities that analysts led by David Palmer think the company can execute on in 2019. "[I]t is encouraging to hear that 73% of customers that have not eaten at Chipotle in the past six months would consider returning to Chipotle if a new item was added to the menu," the note said. Among the items RBC suggests Chipotle should add are nachos, which are currently being tested in Colorado and Minneapolis; bacon, which is being tested in Orange County; quesadillas; and a revamped queso. Still, analysts expect earnings, scheduled to be announced on Oct. 25, to be "lackluster" and sales to be volatile from quarter to quarter. Chipotle shares are up 1.7% in Monday premarket trading and up 48.3% for the year to date. The S&P 500 index has gained 3.5% for 2018 so far.
Check out the companies making headlines before the bell: Kimberly-Clark KMB – The consumer products company named President and Chief Operating Officer Michael Hsu as its new CEO, effective in January.
On Wednesday, Oct. 31, from 3 p.m. to closing, customers who are in costume at all Chipotle locations in the U.S. and Canada can order a burrito, bowl, salad or tacos for only $4. "Boorito is a longstanding Chipotle tradition that's beloved by our fans," said Chris Brandt, chief marketing officer at Chipotle.
An archived webcast will be available approximately one hour after the end of the call. Chipotle Mexican Grill, Inc. (CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without added colors, flavors or other additives.
(Note:The author of this fundamental analysis is a financial writer and portfolio manager.) Chipotle Mexican Grill Inc. ( CMG) shares have dropped 18% off their August highs but are now poised to rebound by 12% based on technical analysis.
Chipotle Mexican Grill will report earnings on Oct. 25, and while the results may not be as robust as some investors hope, Robert W. Baird expects the stock will stay hot.