RBC Capital Sees Offsite Ordering as Sales Opportunity for Chipotle Mexican Grill (CMG); Reiterates Outperform

Pre-Open Stock Movers 10/21: (KLAC) (ISRG) (SNDK) Higher; (SNTA) (VMW) (TWTR) Lower (more...)

October 21, 2015 9:27 AM EDT

Synta Pharmaceuticals Corp. (NASDAQ: SNTA) 66.7% LOWER; announced that the Company has decided to terminate the Phase 3 GALAXY-2 trial of ganetespib and docetaxel in the second-line treatment of patients with advanced non-small cell lung adenocarcinoma. Based on the review of a pre-planned interim analysis, the studys Independent Data Monitoring Committee (IDMC) concluded that the addition of ganetespib to docetaxel is unlikely to demonstrate a statistically significant improvement in the primary endpoint... More

Wedbush Cuts Price Target on Chipotle Mexican Grill (CMG) Following EPS Miss

October 21, 2015 7:57 AM EDT

Wedbush reiterated a Neutral rating on Chipotle Mexican Grill (NYSE: CMG), and cut the price target to $700.00 (from $740.00), following the company's 3Q15 earnings results. EPS of $4.59 was slightly below $4.62 consensus.

Analyst Nick Setyan commented, "October comps are trending in-line with the August & September... More

Chipotle Mexican Grill (CMG) Numbers Cut at Jefferies; Analyst Sees 'Normalizing Trends'

October 21, 2015 7:18 AM EDT

Jefferies analyst Andy Barish reiterated a Hold rating and trimmed estimates and his price target on Chipotle Mexican Grill (NYSE: CMG) to $680.00 (from $700.00). The analyst said normalizing trends should potentially hit valuation.

Barish commented, "3Q EPS misses our/Cons. expectations as in... More

Piper Jaffray Trims Numbers on Chipotle Mexican Grill (CMG) Post Q3

October 21, 2015 7:06 AM EDT

Piper Jaffray analyst Nicole Miller Regan reiterated an Overweight rating and lowered her price target on Chipotle Mexican Grill (NYSE: CMG) to $737.00 (from $764.00) following solid third quarter results.

Regan commented, "Chipotle reported 3Q15 results including same-store sales of +2.6% (vs. consensus expectations of +2.5% and on top... More

After-Hours Movers 10/20: (ISRG) (MANH) (CREE) Higher; (CMG) (IRBT) (VMW) (YHOO) Lower (more...)

October 20, 2015 5:59 PM EDT

Intuitive Surgical (NASDAQ: ISRG) 7.6% HIGHER; reported Q3 EPS of $5.24, $1.01 better than the analyst estimate of $4.23. Revenue for the quarter came in at $590 million versus the consensus estimate of $580.37 million.

Chipotle Mexican Grill (NYSE: CMG) 7.2% LOWER; reported Q3 EPS of $4.59, $0.04 worse than the analyst estimate of $4.63. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.22 billion.

iRobot Corporation (NASDAQ: IRBT) 5.5% LOWER; reported... More

Market Wrap: Splitsville for Yum! Brands; Tesla's 'Recommended' Rating Revoked; AmSurg Moves on Big Acquisition

October 20, 2015 5:31 PM EDT

Market wrap for October 20th

End of the Day: S&P 500 down 2.9 to 2,030.77; Dow Jones down 13.4 to 17,217.11; Nasdaq down 24.5 to 4,880.97

Market Brief: Yum! Brands is planning to split into two, separately-traded companies.

AmSurg made a robust proposal to acquire peer TeamHealth.

The Fresh Market affirmed speculation that it was evaluating strategic options.

Tesla shares were slammed as Consumer Reports pulled its recommendation to buy the Model S.

Crude prices rose 0.2 percent to $48.71 per barrel, while crude slipped 0.7 percent to $45.55 per... More

Chipotle Mexican Grill (CMG) Misses Q3 EPS by 4c

October 20, 2015 4:10 PM EDT

Chipotle Mexican Grill (NYSE: CMG) reported Q3 EPS of $4.59, $0.04 worse than the analyst estimate of $4.63. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.22 billion.

Comparable restaurant sales increased 2.6%

Outlook

For 2015, management expects the... More

Subway shifting all U.S. meat supplies to no-antibiotics

October 20, 2015 2:25 PM EDT

By P.J. Huffstutter

CHICAGO (Reuters) - Sandwich chain Subway will start serving antibiotic-free chicken and turkey at its U.S. restaurants next year, and within the next nine years will stop selling any meat from animals given antibiotics, the company said on Tuesday.

Competitors such as Chipotle Mexican Grill Inc (NYSE: CMG) and McDonald's Corp (NYSE: MCD) have announced similar supply-chain shifts, adding pressure on U.S. livestock producers to cut human antibiotics from their beef, hogs and poultry production. Advocacy groups said... More

Trading Radar for 10/20:Verizon (VZ), BNY (BK), Travelers (TRV), Chipotle (CMG), Yahoo! (YHOO), VMware (VMW) Report

October 19, 2015 2:15 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Housing Starts - Street sees 1.150MBuilding Permits - Street sees 1.170M

Earnings:

Allegheny Technologies (NYSE: ATI) - consensus loss $0.39
Astec Industries (Nasdaq: ASTE) - consensus EPS $0.27
Badger Meter (NYSE: BMI) - consensus EPS $0.63
Bank of New York (NYSE: BK) - consensus EPS $0.71
Brinker International (NYSE:... More