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Stock Market & Financial Investment News

News Breaks
January 31, 2014
10:20 EDTFRGI, CMG, JACK, CHUY, YUMChipotle hits new 52-week high after raising same store sales outlook
Shares of casual Mexican restaurant operator Chipotle Mexican Grill (CMG) hit a new 52-week high after posting strong fourth quarter comparable store sales and raising its sales guidance for 2014. WHAT'S NEW: Last night, Chipotle reported Q4 EPS of $2.53 and revenue of $844.1M against consensus views of $2.53 and $826.3M respectively. The company reported Q4 comparable restaurant sales increased 9.3%. The company raised its 2014 comparable sales growth view to low to mid-single digits from low single digits, citing strong sales momentum from Q4. ANALYST REACTON: This morning, two firms, RBC Capital and Bernstein, raised their respective price targets on Chipotle. RBC Capital raised their price target to $650 from $620. The firm thought the company’s brand momentum remains strong and kept an Outperform rating on the shares. Bernstein raised their price target to $640 from $600 and raised its FY14 EPS estimate for the company to $13.48 from $13.34. Bernstein kept an Outperform rating on the shares. PRICE ACTION: In early morning trading, Chipotle rose over 13% to $561.57 on heavy volume. Earlier in the session, the stock made a new 52-week high of $564.75 and has gained approximately 82% over the past twelve months. OTHERS TO WATCH: Chipotle’s competitors include Yum! Brands' Taco Bell unit (YUM), Jack in the Box' (JACK) Qdoba unit, Fiesta Restaurant Group (FRGI), and Chuy’s (CHUY).
News For CMG;YUM;JACK;FRGI;CHUY From The Last 14 Days
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May 22, 2015
10:34 EDTYUMYum! Brands management to meet with Oppenheimer
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May 21, 2015
07:14 EDTCHUYBMO Capital to hold a conference
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May 18, 2015
08:35 EDTYUMYum! Brands price target raised to $105 from $90 at Oppenheimer
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May 15, 2015
12:13 EDTYUMThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
12:07 EDTYUMThird Point reports new stakes in Yum! Brands, FedEx, McKesson
11:46 EDTFRGI, CMGEl Pollo Loco plummets after Q1 comparable restaurant sales growth slows
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10:01 EDTYUMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aspen Technology (AZPN) upgraded to Overweight from Sector Weight at Pacific Crest... Canadian National (CNI) upgraded to Outperform from Sector Perform at Scotia Capital... Connecticut Water (CTWS) upgraded to Outperform from Market Perform at Wells Fargo... Hanesbrands (HBI) upgraded to Buy from Neutral at DA Davidson... Impala Platinum (IMPUY) upgraded to Buy from Neutral at Goldman... Inovalon (INOV) upgraded to Buy from Neutral at Goldman... J.C. Penney (JCP) upgraded to Market Perform at BMO Capital... Sovran Self Storage (SSS) upgraded to Buy from Neutral at UBS... Syngenta (SYT) upgraded to Neutral from Underperform at Exane BNP Paribas... UPS (UPS) upgraded to Buy from Neutral at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at TD Securities... Yum! Brands (YUM) upgraded to Overweight from Neutral at JPMorgan.
06:47 EDTYUMYum! Brands upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Yum! Brands to Overweight saying it believes a spin-off of China and levering up of the franchise business has moved from a "possibility" to a "probability." After attending the Yum China investor conference, the firm thinks the company is now welcome to ideas that can drive short and long term shareholder value. It raised its price target for the stock to $108 from $83.
May 14, 2015
11:56 EDTJACKJack in the Box says expects to be active in share repurchases in 2H
Says will be "regular" and "opportunistic" in repurchases.
11:51 EDTJACKJack in the Box raises dividend by 50% to 30c per share
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11:45 EDTJACKJack in the Box says 'committed' to returning cash to shareholders
Says Q2 sales increased in all major markets. Says weather was "more of a factor" in Q2 this year vs.last year. Says during Q2, there were three weeks negatively impacted by weather for Qdoba. Says "pleased" with how both brands are performing. Says "committed" to returning cash to shareholders. Now sees FY commodity costs up approximately 2%. Says FY15 operating EPS guidance now includes expected 6c charge related to removal of existing beverage equipment in Q3 and Q4. Comments made on the Q2 earnings conference call. Jack in the Box is down 4.23% to $87.90 in late-morning trading.
10:09 EDTJACKIncreasing equity options volume on open
Increasing equity options volume on open: ONTY CBRL PBYI GWW AXLL IEV KSS EXPR UEC JACK
07:11 EDTJACKOptions expected to be active
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May 13, 2015
16:08 EDTJACKJack in the Box sees FY15 operating EPS $2.90-$3.00, consensus $2.96
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16:07 EDTJACKJack in the Box sees FY15 Jack in the Box company-owned SSS up 4.5%-5.5%
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16:05 EDTJACKJack in the Box sees Q3 Jack in the Box brand company SSS up 4%-6%
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16:04 EDTJACKJack in the Box reports Q2 operating EPS 69c, consensus 67c
Reports Q2 revenue $358.1M, consensus $356.14M. Jack in the Box system same-store sales increased 8.9% for the quarter and company same-store sales increased 7.4%. Qdoba same-store sales increased 8.3% system-wide and 7.0% for company restaurants in Q2.
15:04 EDTJACKNotable companies reporting after market close
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May 11, 2015
08:04 EDTYUMYum! Brands price target raised to $109 from $93 at Bernstein
Bernstein says that Yum's China comps appear to have turned the corner, while worries about the underlying weakness of its China business are contradicted by evidence. It keeps an Outperform rating on the shares.

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