Chipotle's stock gains after Raymond James upgrade [MarketWatch]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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ir.chipotle.com
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Source: MarketWatch
Chipotle's stock gains after Raymond James upgrade Shares of Chipotle Mexican Grill Inc. CMG, +0.81% tacked on 0.7% in premarket trade Friday, after Raymond James finally backed off from its bearish stance on the Mexican food quick-service restaurant chain, saying it no longer sees material downside risk to 2018 estimates. Analyst Brian Vaccaro raised his rating to market perform, after being at underperform for the past 15 months. Vaccaro said his view of a more stable earnings outlook comes after Chipotle confirmed earlier this week menu price increases impacting nearly half its restaurants, and given stabilizing industry demand trends. "While not out of the woods given 4Q traffic likely remained negative and [quarter-to-date] trends were likely negatively impacted by another norovirus incident in late December (Los Angeles), we view the stock as fairly valued on firmer 2018 estimates and see a more neutral risk/reward from current levels," Vaccaro wrote in a note to clients. The
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News
- Billionaire Bill Ackman Has 70% of His $10 Billion Portfolio in Just 4 Stocks [Yahoo! Finance]Yahoo! Finance
- Higher prices on the menu as fast-food chains brace for California's big minimum wage jump [Yahoo! Finance]Yahoo! Finance
- Higher prices on the menu as fast-food chains brace for California's big minimum wage jump [Los Angeles Times (CA)]Los Angeles Times
- A beloved Beverly Hills burger joint mysteriously closed 27 years ago. What happened? [Los Angeles Times (CA)]Los Angeles Times
- Chipotle (CMG) Rose Due to its Focus on Exceptional Food and Operational Excellence [Yahoo! Finance]Yahoo! Finance
CMG
Earnings
- 2/6/24 - Beat
CMG
Sec Filings
- 3/22/24 - Form 4
- 3/20/24 - Form 144
- 3/20/24 - Form 8-K
- CMG's page on the SEC website