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CMG

Chipotle

$489.64

1.69 (0.35%)

14:18
08/09/18
08/09
14:18
08/09/18
14:18

Chipotle announces pilots of two new menu items in select cities

Chipotle Mexican Grill announced that it is piloting two new menu items and promotions in select cities nationwide. In September, Applewood Smoked Bacon, which the company said has been "receiving a tremendous response from consumers at the NEXT kitchen in New York City," will expand to an eight-restaurant operations test in Orange County, Calif. before being considered for a full market test. With positive results from the recent ten-restaurant test, nachos are expanding to full-market tests in Denver and Minneapolis-St. Paul this October, the company added. On the promotions front, Chipotle said that from now until September 30, customers at participating locations in Miami and Dallas can get $2 tacos with the purchase of any drink after 8pm. Additionally, customers at select Philadelphia and Indianapolis restaurants have the option to add regular-sized chips and a fountain drink to their entree order for $3.

  • 24

    Sep

CMG Chipotle
$489.64

1.69 (0.35%)

08/01/18
WBLR
08/01/18
NO CHANGE
WBLR
Market Perform
Chipotle comp slowdown could be similar to last summer, says William Blair
William Blair analyst Sharon Zackfia believes Chipotle Mexican Grill's restaurant closure in Ohio raises the potential for a comp slowdown similar in magnitude to the one experienced in the wake of last year's mid-July norovirus outbreak in Virginia that sickened more than 135 customers. Last year's norovirus outbreak hurt comps by more than 600 basis points, with same-store sales trends slipping from 4.5% in the first half of the month of July to down 2.25% from mid-July to September 11, Zackfia tells investors in a research note. He estimates each comp point translates into roughly 14c in earnings per share in Q3. The analyst sees as much as 50c of risk to his Q3 earnings per share estimate of $2.04 "should last summer's consumer response replicate itself." Zackfia keeps a Market Perform rating on Chipotle.
08/01/18
BTIG
08/01/18
NO CHANGE
Target $515
BTIG
Buy
Chipotle's guacamole promotion should offset food safety headlines, says BTIG
BTIG analyst Peter Saleh believes the free guacamole promotion that Chipotle ran yesterday should help offset some of the negative publicity the company received following the Ohio food safety incident. The guacamole promotion was so popular that it crashed the company's digital ordering platform, leading the company to extend the promotion to today to appease any upset customers, he notes. While the analyst does not want to minimize food safety incidents given Chipotle's recent history, he believes the sales impact from these events is moderating. Saleh reiterates a Buy rating and $515 price target on the shares.
08/06/18
JEFF
08/06/18
NO CHANGE
Target $550
JEFF
Buy
Ohio incident doesn't put Chipotle traffic at risk, says Jefferies
After analyzing digital engagement with the brand from last week and compared to the Virginia incident last July, Jefferies analyst Andy Barish does not believe the illnesses at the Ohio restaurant put Chipotle Mexican Grill's traffic trends at risk. With a free guacamole promotion "coming at a very good time" on the heels of store closure in Ohio, Chipotle app downloads and usage surged, Barish tells investors in a research note. He believes this shows the brand is not damaged as in last July's norovirus outbreak in Sterling, Virginia. Further, the analyst believes Chipotle's procedures were followed in Ohio, the number of cases was not substantiated, and the company did a better job controlling the narrative and taking action. Barish keeps a Buy rating on Chipotle shares with a $550 price target.
08/06/18
08/06/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. INTERCEPT DOUBLE UPGRADED AT GOLDMAN: Goldman Sachs analyst Salveen Richter double upgraded Intercept Pharmaceuticals (ICPT) to Buy from Sell and raised his price target for the shares to $157 from $46. The analyst said Ocaliva in fatty liver disease nonalcoholic steatohepatitis is the crux of Intercept's value proposition and that he's positive into the Phase 3 Regenerate interim readout in the first half of 2019. Intercept should benefit from Ocaliva's global first-mover advantage in NASH, Richter said. In late morning trading, Intercept shares are up 12%. BUCKINGHAM UPGRADES SQUARE TO BUY: Buckingham upgraded Square (SQ) to Buy from Neutral and raised its price target to $85 from $65. Analyst Chris Brendler said the strong Q2 results reduced his concerns about high valuation and competition and said there is no reason why Square will not continue to report better then expected core revenue growth into 2020. Brendler said long-run adjusted EBITDA margins of 40%-50% justify a higher valuation. PIPER CUTS ACADIA TO NEUTRAL: Piper Jaffray analyst Danielle Brill downgraded Acadia Pharmaceuticals (ACAD) to Neutral from Overweight and cut her firm's price target on shares to $19 from $61 after taking over coverage of the name. The recent negative headlines related to potential Nuplazid safety issues will continue to weigh on sales and the shares for the foreseeable future, Brill said. Further, the analyst does not have a high level of conviction for positive data from Acadia's near-term catalysts, namely the Phase 2 major depressive disorder data in September and the Phase 2 negative schizophrenia symptoms readout in the first half of 2019. BARCLAYS CUTS INTEL TO EQUAL WEIGHT: Barclays analyst Blayne Curtis downgraded Intel (INTC) to Equal Weight from Overweight and cut his price target for the shares to $53 from $62. The analyst believes upside in the shares will be challenging until the company's margins bottom. JEFFERIES SAYS OHIO INCIDENT NOT A RISK TO CHIPOTLE TRAFFIC: After analyzing digital engagement with the brand from last week and compared to the Virginia incident last July, Jefferies analyst Andy Barish does not believe the illnesses at the Ohio restaurant put Chipotle Mexican Grill's (CMG) traffic trends at risk. The analyst believes Chipotle's procedures were followed in Ohio, the number of cases was not substantiated, and the company did a better job controlling the narrative and taking action. Barish kept a Buy rating on Chipotle shares with a $550 price target.

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DLNG

Dynagas LNG

$5.33

-0.72 (-11.90%)

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LB

L Brands

$29.44

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DWT

Britannia Bulk

$10.90

0.67 (6.55%)

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UVXY

ProShares Trust Ultra VIX Short Term Futures ETF

$63.20

4.42 (7.52%)

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NOAH

Noah Holdings

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PRPO

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MU

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T

AT&T

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