Chipotle plans to close stores in restructuring, stock falls [MarketWatch]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
Check Earnings Report
US:NYSE Investor Relations:
ir.chipotle.com
Company Research
Source: MarketWatch
Chipotle plans to close stores in restructuring, stock falls Chipotle Mexican Grill Inc. CMG, -0.97% shares dropped in after-hours trading Wednesday after the restaurant chain's top executives detailed restructuring plans that include closing dozens of locations. New Chief Executive Brian Niccol and other executives held a conference call Thursday afternoon to discuss changes under the new management team, which included plans to add delivery options to the chain's mobile app and areas specifically for picking up food at stores. Shares turned lower after Chief Financial Officer John Hartung detailed the costs of restructuring and revealed that Chipotle plans to close 55 to 65 stores. "In aggregate, we expect these costs to be in the range of $115 million to $135 million," Hartung said, with $50 million to $60 million recorded in the second quarter and most of the rest in the second half of 2018. Hartung said about half of the closures will happen in the next 30 days, while those cl
Show less
Read more
Impact Snapshot
Event Time:
CMG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CMG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CMG alerts
High impacting Chipotle Mexican Grill, Inc. news events
Weekly update
A roundup of the hottest topics
CMG
News
- Chipotle renames its ‘barbacoa' menu offering because customers didn't know what it was [Yahoo! Finance]Yahoo! Finance
- Red Lobster seeks a buyer as it looks to avoid bankruptcy filing [MSNBC.com]MSNBC.com
- Chipotle Mexican Grill, Inc. (NYSE: CMG) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $3,340.00 price target on the stock, up previously from $3,300.00.MarketBeat
- Chipotle is using AI to better understand customer habits: CFO [Yahoo! Finance]Yahoo! Finance
- Chipotle Mexican Grill, Inc. (NYSE: CMG) had its price target raised by analysts at UBS Group AG from $3,400.00 to $3,500.00. They now have a "buy" rating on the stock.MarketBeat
CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 4/24/24 - Form 8-K
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- CMG's page on the SEC website