|Bid||801.00 x 800|
|Ask||0.00 x 800|
|Day's Range||823.15 - 856.75|
|52 Week Range||383.20 - 857.90|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||93.74|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||824.54|
Stock futures: Nike CEO Mark Parker will exit, with ServiceNow CEO John Donahoe stepping in. Chipotle, Snap, Texas Instruments were big earnings movers.
Chipotle stock has rallied back near its 2015 record highs after a stunning comeback. But is it a buy right now? Here is what the fundamentals and technical analysis say about the stock.
(Bloomberg) -- Chipotle Mexican Grill Inc., the best performer in the S&P 500 Index this year, is maintaining its torrid pace of growth -- but concerns about the rising cost of wages and delivery are starting to weigh on the company.The key gauge of same-store sales rose 11% in the third quarter -- the ninth straight gain. Analysts had estimated 9.3%, according to Consensus Metrix. The company said it sees full-year comparable sales at the high end of its previous forecast, which is for growth in the high-single digits.Key InsightsChipotle is getting results from digital and delivery, along with increased traditional advertising. The company also has been investing in pick-up shelves to speed up to-go orders. Digital sales increased 88%, the company said.All the growth comes with a price, however. The burrito seller said delivery costs weighed on margins in the quarter, and the higher expense isn’t going away as more diners opt for convenience. While Chipotle is working with DoorDash and Postmates, others are rushing to add delivery, too, making it a hyper-competitive category.Chipotle said its target for new locations this year will be at the low end or slightly below its previous guidance for 140 to 155 stores. Some are being delayed into 2020 because the company is adding pick-up windows.Costs were higher for several ingredients, the company said, highlighting beef in particular. Wage inflation also increased. On a conference call with analysts, Chipotle executives said they see commodity prices stable next year.Market ReactionThe stock fell as much as 1.9% to $815.05 in late trading, reversing an earlier gain. Through the close, Chipotle’s stock has nearly doubled this year.Click here for financial detailsClick here for company statement(Updates share trading and adds bullet on delivery costs.)To contact the reporter on this story: Leslie Patton in Chicago at email@example.comTo contact the editors responsible for this story: Anne Riley Moffat at firstname.lastname@example.org, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Chipotle Mexican Grill Inc reported higher-than-expected quarterly sales on Tuesday, boosted by new menu items and expanded drive-up, delivery and digital ordering options. Chipotle's share price has nearly doubled so far this year, even as the restaurant industry has faced pressure from increasing competition. Chief Executive Brian Niccol, who was brought on board in February 2018, struck a modest tone about the positive news during a call with investors.
The burrito purveyor, up more than 90% this year, is rising after reporting third-quarter earnings that came in ahead of consensus expectations.
Chipotle Mexican Grill reported third-quarter earnings after the close Tuesday that beat expectations, after other chains fell short.
Chipotle Mexican Grill, Inc. (NYSE: CMG ) shares ticked higher after reporting a third-quarter earnings beat. View more earnings on CMG Adjusted earnings came in at $3.82, beating estimates by 63 cents. ...
COMP SALES ACCELERATE TO 11% WITH NEARLY 7.5% TRANSACTIONS GROWTH NEWPORT BEACH, Calif. , Oct. 22, 2019 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its ...
The stock market rally petered out in afternoon trading on Tuesday. Chipotle stock hits a key buy point ahead of earnings.
Chipotle Mexican Grill Inc. is scheduled to announce its third-quarter earnings on Tuesday and analysts think avocados and carne asada will give the results a boost. Bank of America Merrill Lynch upgraded Chipotle (CMG) stock to neutral from underperform based on more favorable avocado pricing, as well as improved digital platforms that should aid sales. Analysts moved their price target to $850 from $590.
Shares of Chipotle Mexican Grill Inc. were active in after-hour trading Tuesday after it beat analysts' expectations for revenue, same-store sales and adjusted earnings per share in the third quarter. Chipotle boosted menu prices last year. Chipotle expects store openings near the low end or slightly below its range of 140 to 155 this year.
The Zacks Analyst Blog Highlights: Chipotle Mexican Grill, Vertex Pharmaceuticals, American Electric Power Company, Verizon Communications and V.F.
The major stock indexes were sharply mixed early Tuesday, as they approach record highs. But Dow Jones stock McDonald's dove on earnings.
Chipotle Mexican Grill, Inc. (NYSE: CMG ) reports earnings after the market closes today. The stock has been on a tear all year, up over 90% year-to-date. Multiple traders have said they expect the stock ...
Yahoo Finance's Julie Hyman, Adam Shapiro, Rick Newman and Oliver Pursche - Bruderman Asset Management Chief Market Strategist discuss.