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Stock Market & Financial Investment News

News Breaks
January 31, 2014
10:20 EDTCMG, YUM, JACK, FRGI, CHUYChipotle 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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September 30, 2014
07:55 EDTJACKJack in the Box price target raised to $75 from $66 at BofA/Merrill
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07:32 EDTCMGWells Fargo to hold a summit
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September 29, 2014
09:30 EDTJACKJack in the Box price target raised to $80 from $68 at KeyBanc
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September 24, 2014
07:51 EDTCMGChipotle Mexican Grill October volatility elevated
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September 23, 2014
05:49 EDTCMGStocks with implied volatility movement; HLF CMG
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September 18, 2014
13:47 EDTYUMPizza Hut opens first restaurant in Africa, plans to open dozens more
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07:52 EDTYUMPizza Hut testing 30% lower calorie pie, USA Today reports
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September 16, 2014
07:56 EDTFRGIPiper Jaffray to hold a field trip
Restaurant Field Trip travels throughout Dallas, Texas on September 16.

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