|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||463.59 - 468.90|
|52 Week Range||247.52 - 530.68|
|PE Ratio (TTM)||77.17|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||471.70|
Of the 32 analysts following Chipotle Mexican Grill (CMG), 31.3% recommend “buy,” 56.3% recommend “hold,” and 12.5% recommend “sell.” Their average price target of $471.70 implies a 0.9% upside to its stock price of $467.73.
In a world where a burrito chain had to completely overhaul its management after food-safety issues threatened its position as a leader in fast-casual dining, one man... The actual story: (CMG) (CMG) on Monday announced its first major national marketing campaign under the leadership of CEO Brian Niccol.
In the next four quarters, analysts expect Chipotle Mexican Grill’s (CMG) EPS to grow 33.2% YoY (year-over-year) to $10.22 from $7.67, driven by revenue growth and net margin expansion. They expect the company’s net margin to expand YoY to 5.5% from 4.2%, driven by higher menu prices and sales leverage from positive SSSG (same-store sales growth), and offset by higher wages and general and administrative expenses.
Could Chipotle’s Price Correction Mean a Buying Opportunity? In the next four quarters, analysts expect Chipotle Mexican Grill’s (CMG) revenue to grow 8.3% YoY (year-over-year) to $5.04 billion from $4.65 billion, driven by the addition of new restaurants and positive SSSG (same-store sales growth). After posting its second-quarter earnings, Chipotle raised its SSSG guidance for 2018 from low single digits to mid-to-high single digits.
Chipotle Mexican Grill Inc.’s new Columbus office will employ more than 270. A subsidiary of the restaurant chain Monday received a 2.3 percent, 10-year tax credit estimated at $5 million from the Ohio Tax Credit Authority as it moves corporate jobs from Colorado and New York to new offices in Central Ohio. The move first was announced in the spring when new CEO Brian Niccol said the business would leave its native Denver to establish a new corporate headquarters in Newport Beach, California, with additional corporate functions moving to Columbus where the company already had about 100 employees in those supporting roles. Chipotle expects to invest $5.5 million into the new facility.
Chipotle Mexican Grill’s (CMG) strong second-quarter earnings and upgrade from Morgan Stanley boosted its stock to a 52-week high of $530.68 on August 16. The company’s stock fell due to Wedbush’s downgrade, Pershing Square Capital Management reducing its stake in Chipotle, and rising labor wages. On August 27, Wedbush downgraded Chipotle from “neutral” to “underperform” due to weaker-than-expected SSSG (same-store sales growth) since the beginning of the third quarter and increased pressure on the company’s margins.
NEWPORT BEACH, Calif., Sept. 24, 2018 /PRNewswire/ -- Chipotle Mexican Grill (CMG) is launching its brand new 'For Real' integrated marketing campaign, emphasizing its long-standing commitment to preparing real food made with real ingredients. Beginning today, Chipotle will celebrate the real ingredients all Chipotle food is made with, featuring all of its ingredients prominently in its nearly 2,500 restaurants, on Chipotle.com, the company's social media channels and in advertising. "Chipotle's new For Real tagline and mission brings us back to our roots and reflects the principles we were founded on 25 years ago," said Chris Brandt, chief marketing officer at Chipotle.
The ads feature close-ups of raw ingredients, like onion and avocado, with the new tagline “Chipotle, for Real,” emphasizing that the food is “real” versus processed. A print ad showing all Chipotle ingredients makes a broader statement about the world. “The only ingredient that’s hard to pronounce at Chipotle is chipotle,” it reads in bold type.
Chipotle Mexican Grill (CMG) has been facing food safety scandals for a long time now. To tackle its food safety issues, the company has decided to deploy Zenput at more than 2,400 restaurants. Zenput is essentially a mobile platform that helps managers maintain a record of daily operations and obtain accurate information relating to food storage procedures using a tablet or phone.
It all started when the company hired a new CEO, Brian Niccol, the man who engineered a successful comeback at Taco Bell. Comparable sales and margins gradually improved over the next several months due to delivery expansion and menu innovations. Chipotle stock more than doubled in six months, but that comeback is over.
The "Big Five," which includes McDonald's Corp. (down 6.5% year to date), Yum Brands Inc. The biggest loser of the group, McDonald's, which is down slightly after being up 44% last year, on Thursday raised its quarterly dividend 15% to $1.16 a share, which equates to a 2.9% yield.
The e-commerce leader is weighing plans to open as many as 3,000 Amazon Go stores by 2021, and many of them might not be what you're expecting.
Chipotle hires mobile platform by Zenput to help monitor food safety compliance. Repeated food safety problems have kept Chipotle in the news and made investors and customers wary. Chipotle Mexican Grill CMG has a new plan to improve its food safety protocols — hire the company that's already doing it for Domino's DPZ , KFC YUM and Jersey Mike's.
Zenput announced today that Chipotle (CMG) has deployed the Zenput platform across the company's more than 2,450 restaurants to ensure every location adheres to standards, procedures and initiatives in order to deliver a consistent guest experience. Chipotle was looking for a mobile solution that would support their auditing processes ranging from daily restaurant checks to monthly restaurant performance evaluations to new menu item introductions. "Our ability to deliver a consistent guest experience in all our restaurants is a direct function of how closely our employees follow our standards and processes.
Senior managers are winning flexible schedules that allow them to commute long distances, extended temporary-housing contracts and bigger sums to cover money lost on home sales, recruiters and compensation specialists say. “Talented executives asked to relocate now have the power to get what they need from an employer,” said Hayes Reilly, a managing partner at Preston & Partners Talent Solutions, an executive-search firm. LendingClub Corp. spent nearly $6.4 million to bring two new top officers and their families to the San Francisco Bay Area in 2017, according to an analysis of data from company proxies by research firm Equilar Inc. That sum largely reflects $3 million in relocation bonuses for Steve Allocca, the new president, and Thomas Casey, LendingClub’s chief financial officer.
Wall Street's obsession with marijuana stocks has propelled industry leaders to lofty market valuations. Canadian cannabis company Tilray is now larger than half the stocks that comprise the S&P 500.
Expanded parental leave could be a differentiating strategy for fast-casual and fast-food restaurants, which can have trouble attracting and keeping employees in a low-unemployment environment.
Cracker Barrel has closed 15 stores in the Carolinas so far with five more that opened on a delay. The company spent much of the first half of the week helping its employees evacuate affected areas. Although Florence has slowed, it's still bringing a life-threatening storm surge reaching heights of up to 11 feet.
Holy Guacamole! Customers can now order an 8-oz. NEWPORT BEACH, Calif., Sept. 14, 2018 /PRNewswire/ -- Chipotle Mexican Grill (CMG) is now offering customers the option to purchase a large-sized guacamole side, just in time for National Guacamole Day on September 16. "Guac has long been one of Chipotle's most beloved items," said Chris Brandt, chief marketing officer at Chipotle.
Diners like the convenience and affordability of fast-food and fast-casual restaurants, a trend that shows no sign of slowing. Many of these chains have a presence across the country as they continue to expand. Here is a quick look at stories about the leading brands in the industry as recently reported by The Business Journals and other media.
Investors looking for small-cap restaurant stocks to buy got great news in August. The restaurant industry released its sales numbers for August on Sept. 7. “At the end of July there was concern that restaurant sales might be slowing and the much-awaited recovery might be coming to an end,” said Victor Fernandez, vice president of insights and knowledge for TDn2K, a data analytics company that specializes in the restaurant industry.