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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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July 18, 2014
10:03 EDTJACKOn The Fly: Analyst Initiation Summary
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09:45 EDTCMGChipotle Q2 estimate lowered, 2014, 2015 estimates raised at Janney Capital
Janney Capital lowered its Q2 EPS estimate on Chipotle ahead of the company's report Monday, citing a prior G&A expense estimate that the firm now views as too low. However, Janney raised its 2014 and 2015 EPS estimates for Chipotle and increased its fair value estimate on the stock $700. The firm maintains its Buy rating on the shares.
07:08 EDTYUMYum! Brands risk/reward attractive after decline, says Bernstein
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July 17, 2014
19:22 EDTJACKJack in the Box initiated with a Neutral at Buckingham
Target $61.
16:52 EDTYUMOn The Fly: Closing Wrap
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12:15 EDTYUMYum! Brands sinks after miss but analyst still upbeat
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10:01 EDTYUMYum! Brands falls after earnings, levels to watch
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09:43 EDTYUMYum! Brands: China to achieve 40% operating profit growth in FY14
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09:43 EDTYUMYum! Brands sees FY14 EPS growth of 20%, consnesus $3.73
The company expects to sustain double digit EPS growth in 2015 and beyond
09:36 EDTYUMYum! Brands Taco Bell breakfast option off to a 'great start'
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09:15 EDTYUMOn The Fly: Pre-market Movers
HIGHER: Dresser-Rand (DRC), up 15.5% after Manager Magazin says Siemens (SIEGY) preparing bid for the company. Other oil equipment companies with a market cap similar to Dresser-Rand's include Dril-Quip (DRQ) and Oil States (OIS)... Microsoft (MSFT), up 3.4% after announcing restructuring, including plans to cut up to 18K jobs. UP AFTER EARNINGS: Morgan Stanley (MS) up 1.5%... Sherwin-Williams (SHW), up 3%. DOWN AFTER EARNINGS: Mattel (MAT), down 7.3%... Sandisk (SNDK), down 7%... Yum! Brands (YUM), down 2.5%. LOWER: Orbitz (OWW), down 3% after results, 34M share spot secondary offering of stock priced at $8.25... Benefitfocus (BNFT), down 1% after 2.5M share Secondary priced at $38.50.
07:15 EDTYUMYum! Brands shares should be bought after mixed Q2 results, says Stifel
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July 16, 2014
18:26 EDTYUMOn The Fly: After Hours Movers
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17:06 EDTYUMYum! Brands down 2.5% after reporting Q2 results below analyst estimates
17:03 EDTYUMYum! Brands falls after results, levels to watch
The shares are down 2.4% in the extended session following earnings. At the current price of $80.69 the stock has slipped below support at the 30-day moving average. Next support below is at the 50-day moving average, last at $78.71. Resistance is at $81.20.
16:12 EDTYUMYum! Brands reports Q2 EPS 73c, consensus 74c
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15:28 EDTYUMYum! Brands (YUM) July 82 straddle priced for 3.8% move into Q2
13:40 EDTCMGChipotle Mexican Grill July weekly volatility increases into Q2
Chipotle Mexican Grill July weekly call option implied volatility is at 62, August is at 40, September is at 30, December is at 28; compared to its 26-week average of 32 according to Track Data, suggesting large July price movement into expected the release of Q2 results after the market close on July 21.
07:26 EDTCMGChipotle likely to report another sales upside quarter, says William Blair
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July 14, 2014
07:36 EDTYUMYum! Brands should be bought ahead of Q2 results, says Stifel
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