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Contagious Opportunities: Norovirus Cases Are On The Rise, These Are The Stocks That May Be Impacted
Thursday, December 28, 2023 - 3:42pm | 409Cases of norovirus, sometimes called the “winter vomiting disease,” are on the rise in multiple states throughout the U.S. The virus causes stomach pain, vomiting and diarrhea and has been linked to outbreaks at restaurants such as the one at a sushi restaurant in North...
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Asia, Europe Markets, Airline Stocks Drop Over China Virus Outbreak
Tuesday, January 21, 2020 - 7:19am | 545Markets in Europe traded lower on Tuesday, as China confirmed that the novel coronavirus could be transmitted human-to-human, with more cases being reported internationally. What Happened The Asian markets too closed lower earlier in the day, over the possibility of a larger virus outbreak...
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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....
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Redemption Remains Just Out Of Chipotle's Grasp
Tuesday, August 22, 2017 - 10:00am | 564Investing in Chipotle Mexican Grill, Inc. (NYSE: CMG)'s stock in the hopes of a recovery in sales is "risky, especially if expectations are optimistic," analysts at Deutsche Bank commented in a research report. The firm's Brett Levy maintains a Sell rating on Chipotle's stock...
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What Should Concern Chipotle Investors The Most? The Pace Of Sales Trends
Wednesday, August 16, 2017 - 9:16am | 422Analysts at BTIG held on to their Neutral rating on Chipotle Mexican Grill, Inc. (NYSE: CMG) after meeting with the restaurant chain's head of investor relations and treasury, Mark Alexee. The firm's Peter Saleh maintains a Neutral rating on Chipotle's stock with no assigned price...
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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...
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Chipotle's Reputation Risk Has Grown Too High To Support Valuation, Wells Fargo Downgrades
Wednesday, July 19, 2017 - 8:53am | 392Chipotle Mexican Grill, Inc. (NYSE: CMG)'s reputation and ongoing initiatives to improve its brand image may take a hit following more reports that several customers reported symptoms of norovirus after eating at their stores. This event is reason enough for Wells Fargo's Jeff Farmer to...
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Today's Decline In Chipotle Not A Buying Opportunity, According To Cowen
Tuesday, July 18, 2017 - 2:07pm | 412Chipotle Mexican Grill, Inc. (NYSE: CMG) confirmed Tuesday that several customers who dined at a restaurant in Virginia reported symptoms of norovirus. A total of eight people indicated on iwaspoisoned.com they suffered from vomiting, stomach pains, diarrhea, dehydration and even hospitalization...
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Chipotle Plunges Again On Another Case Of Food-Borne Illness
Tuesday, July 18, 2017 - 11:27am | 389Chipotle Mexican Grill, Inc. (NYSE: CMG) plunged as much as 6.55 percent Tuesday on news that a Virginia restaurant closed following multiple reports of ill patrons. "The reported symptoms are consistent with norovirus,” Jim Marsden, Chipotle’s executive director of food safety,...
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Chipotle's Trajectory Is Both Realistic And Improving, More Buybacks Likely
Friday, February 3, 2017 - 4:33pm | 472Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) might finally be recovering from a long case of food poisoning, according to analysts at Wedbush. The casual dining chain’s earnings report on Thursday was grim in many respects: fourth-quarter earnings in 2016 were $16 million, a number that...
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What To Watch Ahead Of Chipotle's Earnings
Tuesday, April 26, 2016 - 9:42am | 353Chipotle Mexican Grill, Inc. (NYSE: CMG) is expected to report a loss and 19 percent decline in sales when it reports its first-quarter results after the market closes Tuesday. Since investors may have already factored this, they may now focus on whether the burrito chain is successful in bringing...
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Chipotle Getting Hit Hard On Social Media After Restaurant Closure
Thursday, March 10, 2016 - 2:12pm | 333Chipotle Mexican Grill, Inc. (NYSE: CMG) and its investors can’t seem to get a break from negative headlines. The latest negative news for the struggling company is the closure of a restaurant in Massachusetts after one of its employees tested positive for a highly contagious norovirus. While...
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Chipotle's Headline Risk Is Back And Legal Risks Remain, Maxim Warns
Thursday, March 10, 2016 - 11:20am | 383Chipotle Mexican Grill, Inc. (NYSE: CMG) has had quite a year of it as the embattled company struggles to regain customer and investor confidence following a series of wide-spread, national foodborne illnesses. While E. coli scares appeared to fade for a few weeks, a recent forced closure in...
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Chipotle's Food Safety Issues Beginning To Look A Bit More Serious
Thursday, February 11, 2016 - 9:28am | 372Fast-food chain Chipotle Mexican Grill, Inc. (NYSE: CMG) began the year on its back foot, as concerns about food safety plagued the company's bottom line and caused both customers and investors to head for the door. However, in an effort to turn things around, the firm has been working to...
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Chipotle Stores Set To Re-Open Following Nationwide Staff Meeting
Monday, February 8, 2016 - 3:27pm | 264Chipotle Mexican Grill, Inc. (NYSE: CMG) stores will open at 3 p.m. on Monday as it conducted a meeting to discuss the recent food safety scares. Over 50,000 employees were said to have tuned in via satellite in 400+ viewing locations nationwide. "Meeting over. All restaurants will re-open...