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Stock Market & Financial Investment News

News Breaks
January 24, 2014
13:32 EDTCMGOppenheimer, Wedbush offer contrasting takes on Chipotle
Two research firms had very different outlooks on casual dining company Chipotle (CMG) in separate notes to investors issued earlier today. BULLISH TAKE: Chipotle can take many steps, including implementing price increases, to raise its revenue, Oppenheimer analyst Brian Bittner wrote. The company's comparable sales and margins can rise significantly and its momentum is strong, making its current valuation attractive, added the analyst. He initiated coverage of the stock with a $625 price target and Outperform rating. BEARISH TAKE: Less upbeat on Chipotle was Wedbush analyst Nick Satyan. He downgraded the stock, as he believes that the shares already reflect a high likelihood that the company will report stronger than expected results this year. Although Chipotle is poised to benefit from a price increase in the middle of this year and its new catering business, these factors are already "largely understood," wrote Satyan. He downgraded the shares to Neutral from Outperform and kept a $510 price target on the stock. WHAT'S NOTABLE: Chipotle is slated to report its fourth quarter results after the market closes on January 30. PRICE ACTION: In early afternoon trading, Chipotle fell $8.52, or 1.7%, to $494.93.
News For CMG From The Last 14 Days
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October 21, 2014
06:26 EDTCMGStocks with implied volatility above IV index mean; NQ CMG
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October 20, 2014
18:51 EDTCMGOn The Fly: After Hours Movers
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18:42 EDTCMGPrice increases at Chipotle seeing very little resistance
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18:36 EDTCMGChipotle considering Apple Pay support in 2015
Comment was made in Q3 earnings call.
18:32 EDTCMGChipotle will 'opportunistically' repurchase stock to enhance shareholder value
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18:29 EDTCMGChipotle expects opening sales volumes of $1.7M-$1.8M or higher
Comments were made in Q3 earnings call.
18:24 EDTCMGChipotle expects food costs to continue rising into Q4 and throughout 2015
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16:31 EDTCMGChipotle lower by almost 2% after Q3 results, guidance
16:29 EDTCMGChipotle sees FY15 low to mid-single digits comparable restaurant sales gains
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16:05 EDTCMGChipotle says comparable restaurant sales growth driven by traffic
Revenue for the quarter was $1.08B up 31.1% from Q313. The growth in revenue was driven by a 19.8% increase in comparable restaurant sales and from new restaurants not in the comparable base. Comparable restaurant sales growth was driven primarily by increased traffic and from an increase in average check, which includes the benefit of a nationwide menu price increase that was fully rolled out by the end of the second quarter.
16:03 EDTCMGChipotle opened 43 new restaurants in Q3
Total restaurant count now 1.724. Food costs were 34.3% of revenue, an increase of 70 basis points, driven by increased prices for beef, avocados, and dairy, partially offset by the menu price increase. Restaurant level operating margin was 28.8% in the quarter, an increase of 200 basis points from the third quarter of 2013. The increase was primarily driven by favorable sales leverage, partially offset by higher food costs, primarily for beef, avocados and dairy. General and administrative expenses were 6.6% of revenue, an increase of 20 basis points due to costs from our biennial All Managersí Conference held during the third quarter, partially offset by favorable sales leverage.
16:02 EDTCMGChipotle sees FY14 mid teens comparable restaurant sales increases
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16:01 EDTCMGChipotle reports Q3 EPS $4.15, consensus $3.84
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15:30 EDTCMGNotable companies reporting after market close
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14:49 EDTCMGChipotle October weekly 650 straddle priced for 7.8% move into Q3
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11:35 EDTCMGChipotle technical view ahead of results
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October 16, 2014
10:33 EDTCMGChipotle Mexican Grill October weekly volatility elevated into Q3 and outlook
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October 10, 2014
10:01 EDTCMGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Pacific Crest... Bloomin' Brands (BLMN) initiated with an Outperform at BMO Capital... Brinker (EAT) initiated with a Market Perform at BMO Capital... Buffalo Wild Wings (BWLD) initiated with an Outperform at BMO Capital... Chipotle (CMG) initiated with a Market Perform at BMO Capital... Chuy's (CHUY) initiated with a Market Perform at BMO Capital... Darden (DRI) initiated with a Market Perform at BMO Capital... EMC (EMC) initiated with a Buy at Jefferies... EPR Properties (EPR) initiated with a Buy at BofA/Merrill... HP (HPQ) initiated with a Hold at Jefferies... IBM (IBM) initiated with an Underperform at Jefferies... McDermott (MDR) initiated with an In-Line at Imperial Capital... NetApp (NTAP) initiated with a Hold at Jefferies... New Residential (NRZ) initiated with a Neutral at Piper Jaffray... Nimble Storage (NMBL) initiated with a Buy at Jefferies... Noodles & Company (NDLS) initiated with an Outperform at BMO Capital... PDC Energy (PDCE) initiated with an Overweight at Stephens... Panera Bread (PNRA) initiated with a Market Perform at BMO Capital... Pioneer Natural (PXD) initiated with an Outperform at Imperial Capital... Resource America (REXI) initiated with a Buy at MLV & Co.... Rex Energy (REXX) initiated with an Overweight at Stephens... Seagate (STX) initiated with a Buy at Jefferies... Silicon Motion (SIMO) initiated with a Buy at Brean Capital... Texas Roadhouse (TXRH) initiated with a Market Perform at BMO Capital... W.P. Carey (WPC) initiated with a Neutral at BofA/Merrill... Wayfair (W) initiated with a Buy at Janney Capital...Western Digital (WDC) initiated with a Buy at Jefferies... Yelp (YELP) initiated with a Buy at Sterne Agee.
October 9, 2014
16:46 EDTCMGChipotle initiated with a Market Perform at BMO Capital
Target $720.
11:42 EDTCMGRuby Tuesday surges after Q1 profit beats estimates
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