-
Tuesday's Market Minute: How Far Can Chipotle Go?
Tuesday, October 22, 2019 - 9:53am | 277Chipotle 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 to reach $1,000, including Jim Cramer (the stock is trading at $850/share). Maxim Group upgraded...
-
Benzinga's Bulls And Bears Of The Week: Beyond Meat, Netflix, Johnson & Johnson And More
Saturday, October 19, 2019 - 12:40pm | 842Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included a second-tier telecom and a fast-casual restaurant leader. Bearish calls included beleaguered health care giant and an international bank. The third-quarter earnings reporting season...
-
Bill Ackman Sticks With Chipotle Despite 33% Decline In Shares
Wednesday, November 22, 2017 - 12:48pm | 432Bill Ackman’s massive $224 million bet on Chipotle Mexican Grill, Inc. (NYSE: CMG) may be down 33 percent in a little over a year, but Ackman’s most recent letter to Pershing Square investors assured them everything is going according to plan. Unfortunately for Ackman, the market doesn...
-
Queso Performance For Chipotle Said To Be 'Underwhelming'
Wednesday, September 27, 2017 - 12:12pm | 402Investors hoping Chipotle Mexican Grill, Inc. (NYSE: CMG) would see a notable boostfrom its new queso offering may want to reconsider their thesis, at least according to analysts at BMO Capital Markets. The firm's Andrew Strelzik maintains a Market Perform rating on Chipotle's stock with a price...
-
Rumor Has It Chipotle's Queso Launch Planned For Sept. 12
Tuesday, August 29, 2017 - 10:15am | 404Analysts at Credit Suisse are working under the assumption that Chipotle Mexican Grill, Inc. (NYSE: CMG) is prepping for a national launch of its queso cheese dip as soon as Sept. 12. The casual fast food restaurant chain has been testing its queso product in 350 restaurants since Aug. 1, and...
-
Has Chipotle Hit Its Bottom? Stock Gets An Upgrade
Thursday, August 24, 2017 - 8:38am | 435After hitting a new multi-year low of $296 per share Wednesday, analysts at Stephens felt it was time to upgrade Chipotle Mexican Grill, Inc. (NYSE: CMG). The firm's Will Slabaugh upgraded the stock rating from Underweight to Equal Weight, but he lowered the price target from $350 to $325....
-
Benzinga's Bulls & Bears For The Past Week: Apple, Tesla, Twitter And More
Sunday, August 6, 2017 - 3:50pm | 643Benzinga has featured a look at many investor favorite stocks over the past week. Bullish calls included a look at the iPhone maker and at a top biotech. Bearish calls featured the leading electric vehicle maker and the president's favorite social media platform. The calendar page has...
-
Chipotle Shares Continue To Hurl Downward
Thursday, July 20, 2017 - 1:55pm | 473Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) continued to slide in the wake of an outbreak of sick customers exposed to a norovirus at a restaurant in Sterling, Virginia. Shares were down 3 percent in early afternoon trading at $361.63, a low for the year. The stock plunged after complaints...
-
Piper Jaffray On Chipotle: Remain Patient In Owning Shares
Tuesday, June 20, 2017 - 9:39am | 328Chipotle Mexican Grill, Inc. (NYSE: CMG)'s guidance and spending update Monday was encouraging enough for analysts at Piper Jaffray to remain bullish on the company — despite a more than 5-percent decline in the stock in reaction to the announcement. Piper Jaffray's Nicole Miller Regan...
-
Does Chipotle's Updated Guidance Change Anything?
Tuesday, June 20, 2017 - 8:24am | 418Chipotle Mexican Grill, Inc. (NYSE: CMG) released a regulatory 8-k filing after Monday's market close to "reaffirm and clarify" certain financial and operating metrics. Chipotle said it still expects food costs for the second quarter to be approximately 34.2 percent of sales. Moreover, marketing...
-
Argus Turns Bullish On Chipotle, Sees Upside To $550 Per Share
Thursday, May 25, 2017 - 9:23am | 361Analysts at Argus upgraded shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) on Thursday after the fast-casual restaurant chain offered an impressive first-quarter earnings report, which supports its bullish case. Q1 And Analyst's Take Argus' John Staszak upgraded Chipotle's stock from Hold to Buy...
-
In Q1, Chipotle's Big Beat Not Enough To Budge This Bear
Wednesday, April 26, 2017 - 8:44am | 420Chipotle Mexican Grill, Inc. (NYSE: CMG)'s earnings and revenue beat in its first-quarter report may have impressed some investors, but at least one Wall Street analyst isn't budging on his bearish stance. Stephens' Will Slabaugh maintains an Underweight rating on Chipotle's stock with a price...
-
Bill Ackman Is Killin' It In Chipotle
Monday, April 17, 2017 - 3:17pm | 461There has been much talk of Bill Ackman losing his magic touch over his disastrous bets on Valeant Pharmaceuticals Intl Inc (NYSE: VRX), where he lost $4.6 billion, and his infamous short on Herbalife Ltd.(NYSE: HLF), which has gained 22 percent on the year and sparked a movie release on his...
-
Chipotle's Recovery: Still Too Early To Buy The Stock, Says Canaccord
Tuesday, August 23, 2016 - 10:53am | 296Chipotle Mexican Grill, Inc. (NYSE: CMG) saw its stock trading above $750 per share, but once again, a scandal involving food safety issues pushed the stock below the $400 per share mark for the first time since 2013. Chipotle's stock has lost more than 17 percent since the start of 2016, 45...
-
Is Chipotle's Free Burrito Strategy Working? Don't Ask Management; They Don't Even Know
Thursday, August 18, 2016 - 12:10pm | 354If a company doesn't know how effective a marketing campaign is going, how should investors react? This is a legitimate question Chipotle Mexican Grill, Inc. (NYSE: CMG) should be asking. According to Bloomberg Gadfly's Shelly Banjo, the casual fast food chain has been handing out millions of...