Chipotle Mexican Grill (CMG) PT Lowered to $300 at Baird Following 3Q Miss

Chipotle Mexican Grill (CMG) PT Lowered to $275 at BMO Capital on 3Q; 'Softer Margins... Implied Guidance Underwhelming'

BMO Capital lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $275.00 (from $330.00) while maintaining a Market Perform rating, following the company's third quarter earnings report.

Analyst Andrew Strelzik notes a cautious outlook, as the company delivered third quarter earnings per share... More

Chipotle Mexican Grill (CMG) PT Lowered to $400 at Maxim Group

Maxim Group lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $400.00 (from $420.00) while maintaining a Buy rating.

Analyst Stephen Anderson says his recovery thesis remains intact. The analyst continues to expect robust sales and earnings growth in the next few quarters.

Dow, S&P gain but Nasdaq dips as healthcare lags

By Chuck Mikolajczak

NEW YORK (Reuters) - The Dow and S&P 500 advanced on Thursday after a round of positive corporate earnings announcements, but gains were curbed and the Nasdaq lost ground on a drop in the healthcare sector.

DowDuPont (NYSE: DWDP) was up 2.8 percent as the biggest boost to the S&P 500. It forecast third-quarter profit well above Wall Street's expectations ahead of the combined company's first earnings report next week.

Twitter (NYSE: TWTR) jumped 18.5 percent after the company said it could turn its... More

Chipotle recovery seen dragging on, shares plunge

By Siddharth Cavale and Sruthi Ramakrishnan

(Reuters) - Chipotle Mexican Grill Inc's (NYSE: CMG) shares slumped to their lowest in nearly five years after disappointing results on Tuesday suggested that the burrito chain's recovery from a food-safety scandal would take much longer than expected.

Shares fell 15 percent to $277 in early trading on Wednesday.

At least nine brokerages cut their price targets on Wednesday. Canaccord Genuity analyst Lynne Collier was the most bearish on the stock on Wednesday, cutting her target by $75 to $325.

Chipotle On Tuesday reported weaker-than-expected same-store sales,... More

Chipotle Mexican Grill (CMG): Premium Multiple Tough To Justify - Wells Fargo

Wells Fargo analyst, Jeff Farmer, reiterated his Market Perform rating on shares of Chipotle Mexican Grill (NYSE: CMG) after the company reported 3Q17 EPS of $1.33, excluding $0.64 related to 1x charges and including $0.13 related to hurricane headwinds, which fell short of the Streets $1.71.... More

Telsey Downgrades Chipotle Mexican Grill (CMG) to Market Perform

Telsey downgraded Chipotle Mexican Grill (NYSE: CMG) from Outperform to Market Perform with a price target of $330.00 (from $370.00).

Analyst Bob Darrington lowers his estimates following the Q3 earnings report which lowers the PT and drives the downgrade. The analyst believes the... More

Chipotle Mexican Grill (CMG): Unit Growth And Traffic Disappoint - Guggenheim

Guggenheim analyst, Matthew DiFrisco reiterated his Sell rating on shares of Chipotle Mexican Grill (NYSE: CMG) and cut his price target to $250 from $283 given the company's expected pullback in 2018 unit growth and negative traffic, both of which, the analyst thinks are incrementally negative... More

Chipotle Mexican Grill (CMG): PT Drops To $320 - RBC

RBC Capital analyst, David Palmer, reiterated his Sector Perform rating on shares of Chipotle Mexican Grill (NYSE: CMG) and cut his price target to $320 from $330 after slower SSS growth and fewer store openings occurred in 2018.

The analyst stated "We remain optimistic that Chipotle's sales... More

Chipotle Mexican Grill (CMG) PT Lowered to $350 at Piper Jaffray

Piper Jaffray lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $350.00 (from $510.00) while maintaining a Overweight rating.

Analyst Nicole Miller Regan believes in the company's recovery story and acknowledged the recent on development guidance will likely be a key focus... More

Chipotle Mexican Grill (CMG) PT Lowered to $280 at Barclays

Barclays lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $280.00 (from $325.00) while maintaining a Equalweight rating.

Analyst Jeff Bernstein says the valuation is vulnerable now given limited margin visibility and restricted insight into EPS performance. The analyst suspects the valuation will continue... More

Chipotle Mexican Grill (CMG) PT Lowered to $325 at Canaccord Genuity

Canaccord Genuity lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $325.00 (from $400.00) while maintaining a Hold rating.

Analyst Lynn Collier lowers the PT following a reduction in EPS estimates and notes sales remain well below pre-incident levels despite a ramp... More

Chipotle Mexican Grill (CMG) PT Lowered to $291 at Nomura/Instinet

Nomura/Instinet lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $291.00 (from $338.00) while maintaining a Neutral rating.

Analyst Mark Kalinowski comments that Q3 is driving "some spicy EPS estimate reductions" noting sales and margin challenges dampens his outlook which drives down his 2018... More

Chipotle Mexican Grill (CMG) PT Lowered to $300 at Jefferies

Jefferies lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $300.00 (from $350.00) while maintaining a Hold rating.

Analyst Andy Barish says management appears to be "throwing more things at the wall" when it comes to SSS drivers but feels it... More

Chipotle Mexican Grill (CMG) PT Lowered to $310 at Stifel

Stifel lowered its price target on Chipotle Mexican Grill (NYSE: CMG) to $310.00 (from $345.00) while maintaining a Hold rating.

Analyst Chris O'Cull was surprised at the company decision to significantly reduce unit growth as a means to absorb new operating structure and emphasize... More

After-Hours Stock Movers 10/24: (AKAM) (WLL) (IRBT) Higher; (ACHC) (AMD) (CMG) Lower (more...)

Today's After-Hours Movers

Acadia Healthcare (NASDAQ: ACHC) 18.5% LOWER; reported Q3 EPS of $0.58, $0.07 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $716.7 million versus the consensus estimate of $727.9 million. GUIDANCE: Acadia Healthcare sees FY2017 EPS of $2.23-$2.25. Acadia Healthcare sees FY2017 revenue of $2.82-2.83 billion.

Sunesis Pharmaceuticals, Inc. (NASDAQ: SNSS) 13.5% LOWER; announced that it intends to offer and sell, subject to market and other conditions, shares of its common stock and Series D Convertible Preferred... More

Chipotle shares fall as store openings scaled back, profit disappoints

By Lisa Baertlein

(Reuters) - Chipotle Mexican Grill Inc (NYSE: CMG) will open fewer restaurants to get "fundamentals right" and posted disappointing quarterly sales and earnings on Tuesday, as the company struggles to recover from a bruising string of food safety lapses.

Shares in the burrito chain were down 9.5 percent in extended trading after executives reported slightly weaker-than-expected sales at established restaurants despite introducing a queso cheese dip in September. Chipotle also announced it would raise prices by roughly 5 percent in almost 900 stores in November.

Chipotle tempered its 2017 forecast... More

Chipotle Mexican Grill (CMG) Misses Q3 EPS by 17c

Chipotle Mexican Grill (NYSE: CMG) reported Q3 EPS of $1.46, ex-items, $0.17 worse than the analyst estimate of $1.63. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.14 billion.

Comparable restaurant sales increased 1.0%.

We continued to make important progress to improve... More

Chipotle (CMG) October weekly 325 straddle priced for movement of 6.4% into Q3

Chipotle Mexican Grill (NYSE: CMG) October weekly 325 straddle priced for movement of 6.4% into Q3

Chipotle (CMG) call put ratio 1.5 calls to 1 put as IV increases into EPS and outlook

Chipotle Mexican Grill (NYSE: CMG) October weekly call option implied volatility is at 91, November is at 43; compared to its 52-week range of 21 to 44 into the expected release of EPS results today.

Chipotle (CMG) October weekly implied volatility increases into EPS and outlook

Chipotle Mexican Grill (NYSE: CMG) October weekly call option implied volatility is at 84, November is at 42; compared to its 52-week range of 21 to 44 into the expected release of EPS results today.

McDonald's sales strong as cheap drinks, new burgers lure back diners

By Lisa Baertlein and Sruthi Ramakrishnan

(Reuters) - McDonald's Corp (NYSE: MCD) reported strong restaurant sales on Tuesday, as $1 sodas and build-your-own burgers helped it draw in more customers and beat back rivals in an intense battle for market share.

The world's largest restaurant chain by revenue has been working to boost flagging traffic at its U.S. restaurants, where it gets most of its profit, after customers defected to fast-food rivals and pricier fast-casual options like Chipotle Mexican Grill Inc (NYSE: CMG).

In the... More

Chipotle (CMG) October weekly IV increases into EPS conference call

Chipotle Mexican Grill (NYSE: CMG) October weekly call option implied volatility is at 72, November is at 41; compared to its 52-week range of 21 to 44 into the expected release of EPS results on October 24.