Chipotle Mexican Grill's (CMG) Price Target Raised to $550 at SunTrust

Chipotle Mexican Grill (CMG) Downgraded to Underperform at Jefferies

March 17, 2016 7:23 AM EDT

Jefferies downgraded Chipotle Mexican Grill (NYSE: CMG) from Hold to Underperform with a price target of $350.00 (from $390.00).

Jefferies analyst, Andy Barish, is not jumping on the Chipotle turnaround bandwagon. Before the food safety issue, the analyst had been expecting a mean reversion for the multiple and this additional pressure on SSS makes him even more cautious.

The recovery from food safety issues is... More

Chipotle (CMG) Plans to Mail ~21M Cards for Free Burritos; Sees Recent Norovirus Incident as 'Non Event'

March 16, 2016 10:48 AM EDT

Chipotle Mexican Grill (NYSE: CMG) Chief Creative Officer Mrk Crumpacker said today 5.3 million people requested a burrito 'rain check' and that the company has mailed out 6 million cards for free burritos, according to Bloomberg headlines. Overall, 67 percent of customers redeemed the... More

RBC Cuts Chipotle Mexican (CMG) EPS but Not Price Target

March 16, 2016 9:44 AM EDT

RBC Capital analyst, David Palmer, cut estimates on Chipotle Mexican Grill (NYSE: CMG) but maintained his PT due to the short term nature of the recovery. No change to Outperform rating.

The 2016 EPS estimate drops from $8.06 to $6.46 (-57% YOY) to reflect weaker... More

Chipotle's (CMG) Traffic Improvement in Feb. More Significant than Comps Suggest - BTIG

March 16, 2016 9:12 AM EDT

BTIG affirms Chipotle Mexican Grill (NYSE: CMG) with a Buy rating and $530 price target following CMG's sales update on Tuesday night.

Analyst Peter Saleh summarized: While on the surface the same-store sales results for February and March are disappointing, we believe investors... More

Maxim Group Downgrades Chipotle Mexican Grill (CMG) to Sell

March 16, 2016 7:49 AM EDT

Maxim Group downgraded Chipotle Mexican Grill (NYSE: CMG) from Hold to Sell with a price target of $350.00.

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 $503.00 yesterday.

... More

Piper Jaffray Backs Bull View On Chipotle Mexican (CMG) After Preannouncement

March 16, 2016 7:48 AM EDT

Piper Jaffray analyst, Nicole Miller Regan, reiterated her bull thesis on Chipotle Mexican Grill (NYSE: CMG) after the company preannounced weaker than expected 1Q results. She believes the company will be able to deliver a relatively steady improvement in same-store sales trends... More

Chipotle sales worse than expected in Feb, first-quarter loss seen

March 15, 2016 4:37 PM EDT

By Lisa Baertlein and Yashaswini Swamynathan

(Reuters) - Chipotle Mexican Grill Inc's (NYSE: CMG) turnaround timeline appeared to lengthen on Tuesday after the burrito seller reported a steeper-than-expected slide in February sales at established restaurants and warned that it will post its first quarterly loss as a public company.

The news sent shares down 3 percent to $488 in extended trading.

Chipotle's February sales at restaurants open at least 13 months dropped 26.1 percent in February, more than the 23 percent fall expected by analysts polled by Consensus Metrix.

Those sales have been... More

Chipotle Mexican Grill (CMG) Updates on Q1 Performance; Feb Comps Down 26.1%, Sees Loss of $1/Share or Worse vs. Expected Profit

March 15, 2016 4:27 PM EDT

Chipotle Mexican Grill (NYSE: CMG) disclosed that February comparable restaurant sales declines improved to (26.1%) and they see a Q1 loss of ($1.00) per share or worse, versus the consensus of Q1 EPS of $0.11 profit.

Item 8.01.Other Events.

Chipotle Mexican Grill, Inc. is filing this report to provide an update regarding our financial and operating results thus far for the first quarter of 2016. Since the business update provided on our fourth quarter 2015 earnings conference call on February 3, 2016, our restaurant sales have started to recover. We experienced weekly sequential increases in net sales volumes... More