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Stock Market & Financial Investment News

News Breaks
March 27, 2013
07:07 EDTCMGChipotle price target raised to $345 from $334 at Piper Jaffray
Piper Jaffray raised its estimates for Chipotle ahead of the company's Q1 results citing slightly increased comp and unit growth expectations. Piper believes Chipotle is well-positioned to remain in flat to positive territory this year, but admits top-line trends remain below historical levels. Piper upped its price target for shares to $345 and maintains an Overweight rating on the stock.
News For CMG From The Last 14 Days
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January 26, 2015
07:10 EDTCMGPiper Jaffray a buyer of Chipotle shares into earnings
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January 14, 2015
12:38 EDTCMGChipotle Q1 results at modest risk from pork disruption, says Miller Tabak
Miller Tabak credits Chipotle for being proactive and not selling pork that did not meet their standards, but also believes that the pork supply disruption adds modest risk to the company's Q1 result. Assuming a full-quarter disruption at one-third of Chipotle locations, the firm would lower its Q1 same-store sales estimate to 10%-10.3% from its current 11% growth projection. Miller Tabak maintains its Hold rating and $710 fair value estimate on Chipotle shares.
12:35 EDTCMGChipotle suspends pork sales at one-third of U.S. restaurants, Reuters reports
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