Morgan Stanley upgrades Chipotle, sees 20-percent surge ahead [CNBC]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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US:NYSE Investor Relations:
ir.chipotle.com
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Source: CNBC
Getty Images Diners eat at a Chipotle restaurant in Chicago. Morgan Stanley upgraded Chipotle to overweight from in-line, saying the company's turnaround is working. CMG is still early into a sales turnaround and has an attractive management change narrative and earnings recovery story, wrote analyst John Glass in a note Wednesday. While still early days in the brand's long-awaited recovery, there is increasing evidence that makes our bull case scenario more believable, including (1) a change in management, with an incentive plan designed to deliver the bull case in earnings (+$20 in EPS), (2) plenty of low hanging opportunities in marketing, product development and operational initiatives to drive sales, and (3) a more benign competitive environment, Glass added. Shares of Chipotle rose 2.3 percent in premarket trading following the Morgan Stanley note. The appointment earlier this year of Brian Niccol as chief executive officer — who a
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News
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CMG
Earnings
- 2/6/24 - Beat
CMG
Sec Filings
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- CMG's page on the SEC website