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CMG

Chipotle

$251.33

-3.12 (-1.23%)

, YUM

Yum! Brands

$77.77

0.06 (0.08%)

16:39
02/13/18
02/13
16:39
02/13/18
16:39

Chipotle names Brian Niccol CEO

Chipotle Mexican Grill (CMG) announced that its Board of Directors has appointed Brian Niccol as CEO and a member of the Board, effective March 5. Niccol most recently served as CEO of Yum! Brands' (YUM)Taco Bell Division, where he was responsible for the highly successful turnaround of the business. Chipotle Chairman, CEO and Founder Steve Ells, who will become executive chairman, said, "Brian is a proven world-class executive, who will bring fresh energy and leadership to drive excellence across every aspect of our business. His expertise in digital technologies, restaurant operations and branding make him a perfect fit for Chipotle as we seek to enhance our customer experience, drive sales growth and make our brand more relevant. The Board is confident that Brian's passion and skillset ideally position him to make the bold moves needed to improve operations and take the company to the next level, all while remaining true to our purpose and the values that are essential to our customers."

CMG

Chipotle

$251.33

-3.12 (-1.23%)

YUM

Yum! Brands

$77.77

0.06 (0.08%)

CMG Chipotle
$251.33

-3.12 (-1.23%)

02/07/18
FBCO
02/07/18
NO CHANGE
Target $275
FBCO
Neutral
Chipotle price target lowered to $275 from $330 at Credit Suisse
Credit Suisse analyst Jason West lowered his price target for Chipotle to $275 from $330 following quarterly results. The analyst believes shares seem likely to remain range-bound until the new CEO is hired and his/her strategic turnaround can be assessed by the market. The analyst reiterates a Neutral rating on the shares.
02/07/18
MAXM
02/07/18
NO CHANGE
Target $410
MAXM
Buy
Chipotle price target lowered to $410 from $425 at Maxim
Maxim analyst Stephen Anderson lowered his price target on Chipotle to $410 after Q4 earnings, saying the 0.9% SSS were below his target of 1.5% while also pointing to increased restaurant level investments. The analyst keeps his Buy rating and also maintains his FY18 SSS view of 4%-5%, stating that Chipotle has comps drivers ahead.
02/07/18
BERN
02/07/18
NO CHANGE
Target $500
BERN
Outperform
Chipotle price target lowered to $500 from $564 at Bernstein
Bernstein analyst Sara Senatore lowered her price target for Chipotle to $500 from $564 as she lowers long-term margins to reflect stepped up investment. The analyst says that traffic holding steady despite a price increase is a "relief," and if Chipotle can avoid another safety scare, better executed advertising and growth in the 2nd make line should support topline. She reiterates an Outperform rating on the shares.
02/07/18
02/07/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wynn Resorts (WYNN) downgraded to Neutral from Buy at Roth Capital with analyst David Bain citing the news of Steve Wynn stepping down as Chairman and CEO. 2. Snap (SNAP) downgraded to Negative from Neutral at Susquehanna. 3. Chipotle (CMG) was downgraded to Sell from Hold at Stifel and to Neutral from Buy at Mizuho. 4. Cboe Global Markets (CBOE) was downgraded to Neutral from Overweight at JPMorgan and to Neutral from Buy at Goldman Sachs. 5. Macom (MTSI) was downgraded to Neutral from Overweight at JPMorgan and to Equal Weight from Overweight at Barclays. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
YUM Yum! Brands
$77.77

0.06 (0.08%)

02/08/18
CHLM
02/08/18
NO CHANGE
Target $100
CHLM
Buy
GrubHub price target raised to $100 from $80 at Craig-Hallum
Craig-Hallum analyst Alex Fuhrman raised his price target for GrubHub (GRUB) to $100 from $80 in view of "transformative" partnership with Yum! Brands (YUM). Further, the analyst believes the partnership paves the way for substantial upside to estimates in future years. He reiterates a Buy rating on GrubHub's shares.
02/09/18
ADAM
02/09/18
NO CHANGE
Target $100
ADAM
Buy
GrubHub price target raised to $100 from $80 at Canaccord
Canaccord analyst Michael Graham raised his price target on GrubHub (GRUB) to $100 from $80 following very strong Q4 results that featured strong organic and inorganic growth. Its deal with Yum! Brands (YUM) will help GrubHub maintain its premium valuation, believes Graham, who reiterated his Buy rating on the shares.
02/09/18
OPCO
02/09/18
NO CHANGE
Target $100
OPCO
Outperform
GrubHub price target raised to $100 from $80 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for GrubHub (GRUB) to $100 after the company announced a strategic partnership/investment from Yum! Brands (YUM). The analyst calls the deal's exclusivity a "clear upside" to his analysis versus prior 20%-40% of chain delivery gross food sales. He keeps an Outperform rating on GrubHub.
02/09/18
MSCO
02/09/18
NO CHANGE
Target $100
MSCO
Overweight
GrubHub price target raised to $100 from $77 at Morgan Stanley
Morgan Stanley analyst Brian Nowak raised his price target on GrubHub (GRUB) to $100 from $77, listing five reasons he sees that its new partnership with Yum! Brands (YUM) is "potentially transformative." Namely, he thinks the pact will materially increase GrubHub's restaurant supply; the co-marketing will be positive for GrubHub's brand awareness; the increased delivery footprint should enable the company to grow its user base; there is potential for a deeper integration between Pizza Hut's delivery network and GrubHub's delivery network; and the endorsement may act as a catalyst for other large chains to sign up with GrubHub. Nowak maintains an Overweight rating on GrubHub shares.

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LLESY

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CVX

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TTD

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WING

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HMSY

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ACIA

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