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CMG

Chipotle

$417.01

21.945 (5.55%)

14:35
01/10/17
01/10
14:35
01/10/17
14:35

Chipotle weak trends reflect permanent change in consumers, says Raymond James

Raymond James analyst Brian Vaccaro said Chipotle's pre-announced Q4 comparable sales decline of 4.8% was below his estimate for a decline of 2% and consensus forecast for comps to be down 3.5%. The strength in shares may be attributable to short covering and perhaps a "surface level" read of a 14.7% comp gain in December, said Vaccaro, but he believes the "two-year stacked trend" of down 15% in December reflects a permanent change in consumer behavior. The analyst, who thinks the company's guidance seems aggressive, keeps an Underperform rating on Chipotle shares.

  • 10

    Jan

  • 02

    Feb

CMG Chipotle
$417.01

21.945 (5.55%)

01/05/17
01/05/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. MasterCard (MA) upgraded to Top Pick from Outperform at RBC Capital with analyst Daniel Perlin saying the company will benefit from improvements in the global economy, along with accelerating revenue growth, its recent acquisition of VocaLink, inflation, and new technological innovations. 2. Etsy (ETSY) upgraded to Buy from Hold at Loop Capital with analyst Blake Harper saying the company has done something most other retailers have not - fend off competition from Amazon (AMZN). The analyst does not expect Amazon to attract a meaningful share of Etsy shops and products. He raised his price target for Etsy shares to $16 from $14. 3. Chipotle (CMG) upgraded to Neutral from Underperform at Wedbush. 4. Progressive (PGR) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Kai Pan expecting core margins to inflect in 2017 due to a moderation in new business "drag," easier commercial auto comps in the second half of 2017, and sees additional upside from a lower tax rate and rising yield. 5. Southwest (LUV) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Rajeev Lalwani citing its Domestic exposure and defensive positioning. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/06/17
DBAB
01/06/17
NO CHANGE
Target $280
DBAB
Sell
Deutsche stays cautious on Chipotle with $280 price target
In a research note titled "Recovery 'Is A Riddle, Wrapped Up In a Burrito, Inside A Foil,'" Deutsche Bank analyst Brett Levy keeps a Sell rating on Chipotle Mexican Grill with a $280 price target. The stock closed yesterday up $10.03 to $391.89. The investment story remains based on hope of a recovery as sales have failed to accelerate, Levy tells investors. Management is moving in the right direction but that does not mean Chipotle will reach its 2017 targets, he cautions.
01/06/17
UBSW
01/06/17
NO CHANGE
Target $410
UBSW
Neutral
Chipotle sales recovery remains elusive, says UBS
UBS analyst Dennis Geiger noted Chipotle implemented an enhanced food safety program and robust marketing and promotions and other traffic enhancing efforts but the sales recovery remains elusive. The analyst said without a more accelerated sales recovery, margins are likely to remain depressed. Geiger maintained his Neutral rating and $410 price target on Chipotle shares.
01/10/17
STFL
01/10/17
NO CHANGE
Target $215
STFL
Sell
Chipotle likley to miss current, unchanged 2017 guidance, says Stifel
Stifel analyst Paul Westra continues to believe that Chipotle's disappointing comp/store-margin trends significantly increases the likelihood that the company fails to achieve management's currently unchanged 2017 comp/earnings guidance of "high single digits" or approximately $10.00. As a result, Westra reduced his 2017 comp/earnings outlook to +4%/$8.50 from +6%/$9.50. The analyst rates Chipotle a Sell with a $215 price target.

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ADT

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BK

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$55.35

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TRNC

tronc

$19.23

0.22 (1.16%)

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IBM

IBM

$169.12

0.47 (0.28%)

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AptarGroup

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FULT

Fulton Financial

$18.30

-0.25 (-1.35%)

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IBM

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$169.12

0.47 (0.28%)

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  • 18

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TTD

Trade Desk

$48.36

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Twitter

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IBM

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$169.12

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  • 18

    Jan

IBM

IBM

$169.12

0.47 (0.28%)

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