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Stock Market & Financial Investment News

News Breaks
July 22, 2014
11:38 EDTNDLS, PNRA, FRGI, CMGChipotle hits 52-week high after beat and raise quarter
Shares of fast casual restaurant operator Chipotle Mexican Grill (CMG) are rallying after the company's second quarter results handily beat analysts' consensus estimates and it raised its fiscal 2014 comparable restaurant sales outlook. WHAT'S NEW: Last night, Chipotle reported Q2 earnings per share of $3.50 and revenue of $1.05B, easily beating analysts' consensus estimates of $3.08 and $988.94M, respectively. Q2 comparable restaurant sales increased 17.3%. WHAT'S NOTABLE: Chipotle raised its FY14 comparable restaurant sales outlook to mid-teens growth from high single digit growth. It forecast 180195 new restaurant openings in 2014. On the company's earnings conference call, management said throughput improved significantly during both lunch and evening hours and they expect that trend to continue for a "long, long time." They see a solid pipeline for potential new sites for this year and beyond, noting that 70% of new stores will be in developed markets. They targeted 30% restaurant operating margin in late 2014 or early 2015, up from about 27% currently. ANALYST REACTION: This morning, analyst commentary was decidedly positive. Five separate firms - Piper Jaffray, Bank of America Merrill Lynch, JP Morgan, RW Baird, and RBC Capital - all raised their respective price targets on Chipotle. Among those, Baird took its target on the stock to the highest level, hiking its target on the stock to $800 from $650. Baird called the company's Q2 results "impressive" and said it remains highly confident in Chipotle's fundamental outlook, robust traffic momentum and long-term growth prospects. The firm keeps an Outperform rating on the shares. PRICE ACTION: In late morning trading, Chipotle rose $72, or about 12%, to nearly $662 per share on nearly twice its average daily trading volume. Earlier in the session, the stock hit a new 52-week high of $663.43. Including today's advance, the stock is up approximately 65% over the past 12 months. OTHERS TO WATCH: Other companies in the fast casual restaurant space include Panera Bread (PNRA), Noodles & Company (NDLS) and Fiesta Restaurant Group (FRGI).
News For CMG;PNRA;NDLS;FRGI From The Last 14 Days
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May 21, 2015
07:14 EDTNDLSBMO Capital to hold a conference
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May 20, 2015
08:37 EDTNDLSMorgan Stanley to hold a conference
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May 19, 2015
09:58 EDTPNRAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
07:27 EDTPNRAPanera Bread upgraded to Outperform from Market Perform at Cowen
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May 15, 2015
11:46 EDTFRGI, CMGEl Pollo Loco plummets after Q1 comparable restaurant sales growth slows
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May 12, 2015
10:16 EDTNDLSOptions with decreasing implied volatility
Options with decreasing implied volatility: NDLS WTW FUEL AOL LC NLNK ZU CYBR ARWR HZNP
May 11, 2015
10:28 EDTNDLSFMR reports 10.61% passive stake in Noodles & Company
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10:17 EDTNDLSOptions with decreasing implied volatility
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08:48 EDTPNRAPanera Bread appoints Drew Madsen President effective May 11
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