680.50 +2.43 (0.36%)
After hours: 7:57PM EDT
|Bid||678.00 x 1200|
|Ask||679.99 x 800|
|Day's Range||658.50 - 713.55|
|52 Week Range||383.20 - 721.21|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||107.46|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||624.17|
Chipotle crushes earnings for its latest quarter, but the stock is in the red after it received a subpoena from U.S. Federal Prosecutors related to an outbreak that left hundreds of customers sick last year. Yahoo Finance's Seana Smith and Heidi Chung discuss.
The stock market is being flooded with new initial public offerings and many of the best performers in the 2019 class aren't worth chasing at current levels, CNBC's Jim Cramer said Thursday. Cramer likes to see stock prices run higher, but the deluge of frothy IPOs is not a good sign in his eyes. Cramer said his fear is that the deals will become less rewarding, leaving investors burned and turning against stocks as an asset class.
Chipotle's turnaround is "incredible, given the prolonged downturn caused by these same health care concerns, as well as a perceived decline in quality and cleanliness," CNBC's Jim Cramer says. CEO Brian Niccol made sure the company stays cultural relevant, boosted its digital strategy, and took other steps to reinvigorate the company, the "Mad Money" host says. Chipotle Mexican Grill CMG is back and better than ever, CNBC's Jim Cramer said Thursday.
There were plenty of reasons to doubt the move -- 80 to be exact, the 80 chemical ingredients that Chipotle made fun of that Taco Bell put in its burritos, many of them not-pronounceable, versus the eight-odd ingredients in a Chipotle burrito.
A new subpoena related to foodborne-illness incidents was briefly mentioned in the company's quarterly earnings filing.
Chipotle Mexican Grill said it received a new subpeona earlier this month related to foodborne illnesses from 2017 and 2018, overshadowing strong Q1 earnings.
Chipotle may have surpassed earnings estimates, but E. coli concerns and potential profit taking weighed on the stock Thursday.
Chipotle Mexican Grill, Inc. (NYSE: CMG ) reported first-quarter results Wednesday highlighted by a top- and bottom-line beat and 9.9-percent growth in comparable sales. The Analysts Wedbush's Nick Setyan ...
Analysts say Chipotle’s digital and loyalty programs are driving results with many raising their price targets after earnings.
Chipotle stock (ticker: CMG) was recently off 5% to $674.27 a day after the company reported first-quarter profits and same-store sales growth that beat Wall Street’s expectations. “We believe Chipotle is firing on all cylinders with digital, delivery, menu innovation and stronger marketing all coming together,” Saleh wrote. At least in part because Chipotle revealed in an SEC filing Thursday that it received a subpoena earlier this month in connection with a federal investigation into food safety at the company.
Chipotle news concerning the company's earnings report for the first quarter of 2019 has CMG stock dropping on Thursday.Source: Shutterstock Chipotle (NYSE:CMG) notes in its most recent earnings report that it has received a new subpoena in connection to illnesses from several of its restaurants.Here's what it says about the new subpoena.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"On April 18, 2019, we received a new subpoena requesting information related to illness incidents associated with the specific restaurants in Simi Valley, California, Boston, Massachusetts, Sterling, Virginia, and Los Angeles, California that were covered under the previous subpoenas, plus one additional restaurant in Powell, Ohio. We have fully cooperated and intend to continue to fully cooperate in the investigation. It is not possible at this time to determine whether we will incur, or to reasonably estimate the amount of, any fines or penalties in connection with the investigation pursuant to which the subpoenas were issued."This negative Chipotle news drags down CMG stock despite solid earnings for the quarter. This includes earnings per share coming in at $3.40. That's better than the company's earnings per share of $2.13 from the same time last year. It also beat out Wall Street's earnings per share estimate of $2.99 for the period. * 7 Dividend Stocks That Could Double Over the Next Five Years The Chipotle news release also includes revenue of $1.31 billion for the first quarter of 2019. The restaurant company reported revenue of $1.15 billion in the first quarter of 2018. Analysts were looking for revenue of $1.26 billion for the quarter.CMG stock was down 4% as of Thursday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Chipotle News: Why CMG Stock Is Plunging Today appeared first on InvestorPlace.
Chipotle Mexican Grill, Inc. (NYSE: CMG ) short sellers may have dodged a bullet Thursday after the company followed up a big first-quarter earning beat by disclosing it received another subpoena from ...
Microsoft and a few FANG stocks helped boost the Nasdaq. 3M weighed down the Dow Jones Industrial Average on poor Q1 results.
"Its not a new incident but (the subpoena) is enough to shake off some of the more skittish bulls on the story," said Maxim Group analyst Stephen Anderson. Over the past three years, the company has faced a number of subpoenas regarding sicknesses linked to its restaurants following an E. Coli, salmonella and norovirus outbreaks at the company's outlets dating back to late 2015 that affected hundreds across several states. The latest subpoena is the fourth and is part of an ongoing criminal investigation being conducted by the U.S. Attorney's office for the Central District of California.
Chipotle Mexican Grill Inc said on Thursday it received another subpoena from U.S. federal prosecutors, seeking information related to an outbreak that left hundreds of people sick last year in one of its Ohio restaurant. "Its not a new incident but (the subpoena) is enough to shake off some of the more skittish bulls on the story," said Maxim Group analyst Stephen Anderson. Over the past three years, the company has faced a number of subpoenas regarding sicknesses linked to its restaurants following an E. Coli, salmonella and norovirus outbreaks at the company's outlets dating back to late 2015 that affected hundreds across several states.
Domino's (DPZ) top line gains from higher supply chain volume, robust same store sales and increase in store counts both in the U.S. and international markets.
Chipotle CEO Brian Niccol joins CNBC's Kate Rogers, Jim Cramer and David Faber to discuss the restaurant's first quarter earnings, digital sales and its new loyalty program.