Credit Suisse Downgrades Chipotle Mexican Grill (CMG) to Neutral; 'New Normal'
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Jefferies Slashes PT, Estimates on Chipotle Mexican Grill (CMG)
October 26, 2016 7:19 AM EDTJefferies analyst Andy Barish reiterated his Underperform rating and cut the price target on Chipotle Mexican Grill (NYSE: CMG) to $300.00 (from $330.00) following weak results.
Barish commented, "3Q results miss across all metrics. SSS still -20%ish in October before CMG laps last year... More
Chipotle Mexican Grill (CMG) Posts Q3 EPS of $0.27; Comps Miss Views; Additional Stock Buyback Approved
October 25, 2016 4:12 PM EDTChipotle 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
