fast casual

Chipotle Mexican Grill Inc (NYSE:CMG) reported financial results for the first quarter after the market close on Wednesday. Here’s a look at the key details from the quarter. Q1 Earnings: Chipotle reported first-quarter revenue of $2.9 billion, missing analyst estimates of $2.95 billion...

Restaurant stock Chipotle Mexican Grill (NYSE:CMG) reported third-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: Chipotle reported third-quarter revenue of $2.79 billion, up 13% year-over-year. The total missed a Street consensus estimate of $2...

Restaurant stocks have seen mixed results in 2024, but Goldman Sachs analyst Christine Cho is encouraged by many prominent brands amid today’s price tailwind environment. The Fast Food Analyst: Cho initiated ratings for the following fast food stocks: Wendy’s Co (NASDAQ:WEN) with a...

The first restaurant IPO in some time kicked off with a bang Thursday, as shares of Cava Group (NYSE: CAVA) soared from their initial price and saw a surge of interest from traders and investors. What Happened: Mediterranean restaurant chain Cava sold 14.4 million shares at a price of $22 in its...

Casual fast food chain Noodles & Co (NASDAQ: NDLS) reported fourth-quarter results on Feb. 25 and discussed a three-year strategic growth plan. On Monday, Benzinga had the opportunity to chat with Noodles & Co. CFO Carl Lukach about the company's outlook one year after the...

Casual fast food chain Chipotle Mexican Grill, Inc. (NYSE: CMG) is testing a smoked brisket product at 64 restaurants.  Chipotle's Brisket: Chipotle's smoked beef brisket is seasoned with a secret spice blend, seared on the grill and finished with a Mexican pepper sauce, the...

Restaurants in a handful of states reopened their doors with limited seating in recent days. Benzinga checked in with a handful of restaurants of different sizes to see how they are faring so far at a time when the coronavirus pandemic remains a major overhang for restaurants.  This...

Fast casual restaurant chain Chipotle Mexican Grill, Inc. (NYSE: CMG) is undergoing a compelling earnings recovery story led by a new management team, according to Morgan Stanley.  The Analyst Morgan Stanley's John Glass upgraded Chipotle Mexican Grill from Equal-weight to...

Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) were trading higher by 25 percent Thursday afternoon after the restaurant chain reported first-quarter results that convinced some Wall Street analysts a turnaround is underway. What's next for the fast casual chain?  'The Food Is...

Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) gained almost 6 percent Wednesday, after Bill Ackman’s Pershing Square disclosed a 9.9 percent stake in the restaurant operator. It should be noted that the 2,882,463 shares position has an activist nature, as suggested by the 13D SEC...

Despite the rise in popularity from fast casual restaurants Panera Bread Co (NASDAQ: PNRA), Chipotle Mexican Grill, Inc. (NYSE: CMG), and Noodles and Co (NASDAQ: NDLS) in recent years, fast food still remains King. Fast food restaurants traffic increased 5 percent faster than fast casual...

In a report published Thursday, Goldman Sachs analyst Karen Holthouse reviewed the fast food/casual restaurant sector, noting the group has outperformed the S&P 500 index year-to-date, rising 11 percent versus the 1 percent decline in the overall index. Given the group's strong...

Jimmy John's Franchise, LLC is eyeing an IPO that could value the gourmet sandwich chain at more than $2 billion, according to Reuters. Citing sources, Reuters noted that Jimmy John's is discussing a potential IPO with investment banks to serve as underwriters. Shares of the company could debut on...

With some reports indicating fast casual growth is slowing down, investors are left to wonder whether the once hot sector has suddenly become lukewarm. Southern Concepts Restaurant Group (OTC: RIBS) CEO, Mitch Roth told Benzinga why he thinks fast casual in general and his company’s...