Chipotle Mexican Grill (CMG) PT Cut to $450 at Wedbush
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Wells Fargo Cuts Chipotle (CMG) Estimates for the Fourth Time in Six Weeks
January 6, 2016 12:43 PM ESTWells Fargo analyst Jeff Farmer weighed in on Chipotle Mexican Grill (NYSE: CMG) after the company updated guidance again amid the e.Coli scare and brand reputation hits. Farmer said they see double-digit % SSS (same-store sales) declines through H1 2016. For the fourth time in six weeks, they are reducing CMG SSS and EPS estimates across the board.
Farmer... More
Telsey Downgrades Chipotle Mexican Grill (CMG) to Market Perform
January 6, 2016 9:31 AM ESTTelsey downgraded Chipotle Mexican Grill (NYSE: CMG) from Outperform to Market Perform.
For an analyst ratings summary and ratings history on Chipotle Mexican Grill click here. For more ratings news on Chipotle Mexican Grill click here.
Shares of Chipotle Mexican Grill closed at $449.03 yesterday.
... MoreChipotle hit with U.S. subpoena over California norovirus outbreak
January 6, 2016 9:20 AM ESTBy Sarah N. Lynch and Tom Polansek
WASHINGTON/CHICAGO (Reuters) - Chipotle Mexican Grill Inc (NYSE: CMG), under scrutiny for months over outbreaks of foodborne illness across several U.S. states, said on Wednesday it was served with a subpoena in a federal criminal probe linked to norovirus cases in California last year.
Shares of the burrito chain fell nearly 5 percent to $426.67, the lowest in more than two years. That brought their decline to about 30 percent since Oct. 31, when its first E. coli outbreak was reported.
Chipotle in a regulatory filing also... More
Chipotle Mexican Grill (CMG) Updates on December, Q4 Metrics; Reports Receipt of Grand Jury Subpoena
January 6, 2016 8:42 AM ESTChipotle Mexican Grill (NYSE: CMG) disclosed the following on Wednesday:
Item 8.01.Other Events.
Chipotle Mexican Grill, Inc. is filing this report to provide an update regarding our financial and operating results in December 2015 and fourth quarter 2015, as well as other recent developments.
During the week of December 7, 2015, we experienced an incident involving norovirus at a Chipotle restaurant in Brighton, Massachusetts, which worsened the adverse financial and operating impacts we experienced from an E. coli incident associated with a number of Chipotle restaurants in October and November.
Fourth Quarter 2015... More
