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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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April 1, 2015
06:01 EDTCMGStocks with implied volatility above IV index mean; CMG DDD
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March 27, 2015
10:31 EDTCMGOptions with increasing implied volatility
Options with increasing implied volatility: ZU ARWR HLSS CREE BMRN SWKS IOC CMG INFN HOT
March 26, 2015
10:56 EDTCMGOptions with increasing implied volatility
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March 25, 2015
10:51 EDTCMGOptions with increasing implied volatility
Options with increasing implied volatility: CLDN CMG CREE AMZN ISRG MAC UA VMW SLXP
March 24, 2015
14:00 EDTCMGMorgan Stanley says survey results positive for Chipotle, mixed for McDonald's
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10:40 EDTCMGOptions with increasing implied volatility
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10:32 EDTCMGOptions with increasing implied volatility
Options with increasing implied volatility: MAC CMG HLSS PSEC ISRG AMZN CREE

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