Jefferies Slashes PT, Estimates on Chipotle Mexican Grill (CMG)

Credit Suisse Downgrades Chipotle Mexican Grill (CMG) to Neutral; 'New Normal'

Credit Suisse downgraded Chipotle Mexican Grill (NYSE: CMG) from Outperform to Neutral with a price target of $375.00 (from $500.00) citing a 'new normal' following disappointing results.

Analyst Jason West commented, "CMG posted another disappointing result as the sales recovery continues to take... More

Chipotle quarterly restaurant sales down more than expected

By Lisa Baertlein

(Reuters) - Chipotle Mexican Grill Inc (NYSE: CMG) on Tuesday reported a bigger-than-expected drop in quarterly sales at established restaurants as it fights to recover from a string of food safety lapses late last year.

Shares in Chipotle fell 2.2 percent to $396.84 after the Denver-based burrito seller posted a 21.9 percent drop in third-quarter sales at restaurants open at least 13 months. That was steeper than the 18.7 percent decline expected by analysts polled by tracking firm Consensus Metrix.

While the company said it expects same-restaurant sales to... More

Chipotle Mexican Grill (CMG) Posts Q3 EPS of $0.27; Comps Miss Views; Additional Stock Buyback Approved

Chipotle Mexican Grill (NYSE: CMG) reported Q3 EPS of $0.27, $1.32 worse than the analyst estimate of $1.59. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.09 billion.

EPS impairment included $0.29 related to the ShopHouse impairment charge and $0.23 due to the deferral of revenue from Chiptopia

Comps fell 21.9 percent, versus an 18.7... More