New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 21, 2014
16:02 EDTCMGChipotle reports Q2 EPS $3.50, consensus $3.08
Reports Q2 revenue $1.05B, consensus $988.94M. Comparable restaurant sales increased 17.3%.
News For CMG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 12, 2015
12:01 EDTCMGChipotle names Curt Garner as chief information officer
Chipotle Mexican Grill (CMG) announced that it has hired Curt Garner as chief information officer. Garner, who held the same position at Starbucks (SBUX), will join Chipotle effective November 23, and become the company's first CIO. Prior to joining Chipotle, Garner served as CIO at Starbucks, where he held a variety of positions in the company's information technology group throughout his 18 years with the company.
October 8, 2015
10:00 EDTCMGOn The Fly: Analyst Initiation Summary
Subscribe for More Information
October 7, 2015
18:21 EDTCMGChipotle initiated with a Buy at SunTrust
Subscribe for More Information
September 29, 2015
11:38 EDTCMGMcDonald's rises as analysts weigh in on fast food sector
Shares of McDonald's (MCD) rose in morning trading after Credit Suisse upgraded the Big Mac maker to Outperform. Some McDonald's competitors were also active after Telsey Advisory initiated coverage on multiple companies in the quick-serve and fast casual restaurant space. WHAT'S NEW: Credit Suisse analyst Jason West upgraded McDonald's to Outperform and raised his price target on its shares to $112 from $110. West said that more improvements for the company are "forthcoming" even after CEO Steve Easterbrook announced positive operational and financial steps. The analyst added that checks suggest that U.S. same-store sales trends are beginning to turn as a result of operational and menu changes, as well as some new product wins. West said he sees 5%-6% possible upside to current 2016 expectations and views a favorable risk/reward of roughly 2%-3% downside as opposed to 20% upside, even if the turnaround is "fairly modest." NOTABLE INITIATIONS: Separately, Telsey Advisory Group analyst Bob Derrington initiated coverage of several companies in the restaurant sector, stamping Panera (PNRA) with an Outperform rating and a $225 price target. The analyst noted that the company's plan to become a better dining alternative continues to build traction and that same-store sales trends are likely to speed up in 2016 and 2017. Derrington initiated Jack in the Box (JACK) with an Outperform rating and a price target of $95, as he sees it being positioned for strong appreciation in the year ahead based on management's plan to revitalize and differentiate the Jack in the Box brand. The analyst also expects the company to further differentiate, improve the returns, and position its Qdoba brand for quick growth and recycle its franchise cash flow for better shareholder returns. Derrington initiated coverage of Chipotle (CMG) with a Market Perform rating and an $800 price target, saying that despite the firm's positive prospects due to better-than-most-peer same-store sales and revenue growth, the company's margin risk makes him take a more cautious approach to his rating of the stock. The analyst also tagged Buffalo Wild Wings (BWLD) with a Market Perform rating and a $220 price target, noting that the company's strong growth prospects seem to be reflected in its premium valuation. PRICE ACTION: In morning trading, McDonald's shares rose 1.6% to $97.49, Panera shares gained 0.9% to $191, Jack in the Box advanced 1.1% to $78.24, Chipotle added 1% to $715 and Buffalo Wild Wings were 1.3% higher at $195.68.
10:00 EDTCMGOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:44 EDTCMGChipotle initiated with a Market Perform at Telsey Advisory
Target $800.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use