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CMG

Chipotle

$824.48

-27.4 (-3.22%)

15:04
10/22/19
10/22
15:04
10/22/19
15:04

Chipotle options imply 10.7% move in share price post-earnings

Pre-earnings options volume in Chipotle is 2.2x normal with calls leading puts 10:9. Implied volatility suggests the market is anticipating a move near 10.7%, or $88.10, after results are released. Median move over the past eight quarters is 8.1%.

  • 22

    Oct

  • 12

    Nov

CMG Chipotle
$824.48

-27.4 (-3.22%)

10/18/19
RHCO
10/18/19
NO CHANGE
Target $920
RHCO
Buy
Chipotle price target raised to $920 from $900 at SunTrust
SunTrust analyst Jake Bartlett raised his price target on Chipotle to $920 and kept his Buy rating ahead of its Q3 earnings as part of his broader research note previewing the quarter for the Restaurants group. The analyst expects the company to beat on comps and issue a "strong" same-store-sales guidance for Q4, adding that its outlook for accelerating developments in FY20 should lead to upside in the stock price. Bartlett further notes that in addition to Chipotle's prior same-store-sales drivers, including delivery, digital order/pickup, and rewards programs, the national launch of Carne Asada has "significantly" increased its check mix while driving more traffic.
10/18/19
10/18/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Altria Group (MO) upgraded to Neutral from Sell at Citi with analyst Adam Spielman saying he now expects "less bad" cigarette volumes next year. 2. Snap (SNAP) upgraded to Buy from Neutral at BofA/Merrill with analyst Justin Post saying the stock has sold off despite "solid" industry and advertising spend channel checks. 3. Chipotle (CMG) upgraded to Neutral from Underperform at BofA/Merrill with analyst Gregory Francort saying he expects the company to generate better comps and margins over the near term given its "strong" sales momentum and normalizing avocado prices, even though he is "struggling" with the valuation on the stock. 4. Republic Services (RSG) upgraded to Buy from Neutral at BofA/Merrill with analyst Michael Feniger calling the stock "a more balanced way" to gain exposure to the theme of higher disposal pricing than peer Waste Management (WM), which he downgraded this morning. 5. Waste Connections (WCN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Sean Eastman saying he expects Waste Connections to report an in-line Q3, and sees 2019 guidance remaining intact. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/21/19
BTIG
10/21/19
NO CHANGE
Target $890
BTIG
Buy
Chipotle price target raised to $890 from $845 at BTIG
BTIG analyst Peter Saleh raised his price target on Chipotle to $890 and kept his Buy rating, saying that investors should not be "blinded" by the valuation on the stock as the company remains in the "middle innings" of its turnaround thanks to its efforts on digital ordering, menu innovation, and marketing. The analyst maintains that annual earnings of $25 per share are "achievable" as sales recover, leading to the expansion of restaurant and operating margins.
10/21/19
LOOP
10/21/19
NO CHANGE
Target $950
LOOP
Buy
Chipotle price target raised to $950 from $860 at Loop Capital
Loop Capital analyst Lynne Collier raised her price target on Chipotle to $950 and kept her Buy rating ahead of its earnings tomorrow. The analyst expects the company's national launch of Carne Asada to be a "hit" and is also raising her Q3 SSS forecast to 9.5% from 7.9% while boosting her Q3 earnings view by 16c to $3.20. Collier contends that Chipotle's momentum can continue thanks to its growth in digital ordering, improving operations, and menu innovation.

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CME

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MBII

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CELG

Celgene

$109.56

0.06 (0.05%)

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DXC

DXC Technology

$29.39

-0.69 (-2.29%)

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VRNS

Varonis

$73.16

0.17 (0.23%)

, OSPN

OneSpan

$18.87

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VRNS

Varonis

$73.16

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OSPN

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RBBN

Ribbon Communications

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GTT

GTT Communications

$8.47

0.32 (3.93%)

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YTEN

Yield10 Bioscience

$0.34

0.01 (3.03%)

09:00
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ISEE

IVERIC bio

$3.39

-0.09 (-2.59%)

09:00
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  • 12

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AB

AllianceBernstein

$29.29

-0.04 (-0.14%)

, BAC

Bank of America

$33.18

-0.07 (-0.21%)

08:59
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AB

AllianceBernstein

$29.29

-0.04 (-0.14%)

BAC

Bank of America

$33.18

-0.07 (-0.21%)

BBVA

Banco Bilbao

$5.47

0.005 (0.09%)

BRX

Brixmor

$21.67

0.1 (0.46%)

BXP

Boston Properties

$138.56

0.24 (0.17%)

C

Citi

$75.60

-0.51 (-0.67%)

CLDT

Chatham Lodging

$18.20

-0.01 (-0.05%)

COF

Capital One

$97.00

-0.26 (-0.27%)

CS

Credit Suisse

$13.09

0.015 (0.11%)

DRH

DiamondRock

$10.33

0.025 (0.24%)

EVER

EverQuote

$31.01

0.51 (1.67%)

DOC

Physicians Realty Trust

$18.20

0.08 (0.44%)

JEF

Jefferies Financial Group

$19.44

-0.04 (-0.21%)

JMP

JMP Group

$3.25

(0.00%)

KIM

Kimco Realty

$20.89

0.05 (0.24%)

LAMR

Lamar Advertising

$82.61

0.99 (1.21%)

LMRK

Landmark Infrastructure

$15.50

-0.56 (-3.49%)

MS

Morgan Stanley

$49.10

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PEB

Pebblebrook Hotel

$25.46

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O

Realty Income

$76.53

0.22 (0.29%)

RJF

Raymond James

$89.17

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REG

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$64.83

0.17 (0.26%)

RLJ

RLJ Lodging Trust

$16.89

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SKT

Tanger Factory

$15.71

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STOR

Store Capital

$39.26

0.45 (1.16%)

SF

Stifel Financial

$60.85

0.12 (0.20%)

SUI

Sun Communities

$155.14

1.435 (0.93%)

UDR

UDR, Inc.

$47.50

0.11 (0.23%)

UBS

UBS

$12.41

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WFC

Wells Fargo

$54.06

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Washington REIT

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Weyerhaeuser

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  • 09

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  • 14

    Jan

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    Jan

  • 15

    Jan

  • 31

    Jan

  • 11

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ACIW

ACI Worldwide

$33.69

-0.7 (-2.04%)

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  • 13

    Nov

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DSKE

Daseke

$2.62

-0.1 (-3.68%)

08:57
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  • 12

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DXC

DXC Technology

$29.39

-0.69 (-2.29%)

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DSKE

Daseke

$2.62

-0.1 (-3.68%)

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GTT

GTT Communications

$8.47

0.32 (3.93%)

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  • 12

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AEP

American Electric

$88.78

-0.28 (-0.31%)

, AES

AES Corp.

$17.93

0.285 (1.62%)

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American Electric

$88.78

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AES

AES Corp.

$17.93

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A

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WK

Workiva

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0.68 (1.67%)

BKH

Black Hills

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CMS

CMS Energy

$59.59

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CNP

CenterPoint Energy

$27.70

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D

Dominion

$79.62

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DUK

Duke Energy

$87.59

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ED

Consolidated Edison

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EIX

Edison International

$66.35

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ETR

Entergy

$114.03

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EXC

Exelon

$44.02

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FE

FirstEnergy

$46.02

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NEE

NextEra Energy

$222.19

0.1 (0.05%)

PCG

PG&E

$6.24

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PEG

PSEG

$60.79

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PNM

PNM Resources

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PNW

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PPL Corp.

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Southern Company

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SRE

Sempra Energy

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Xcel Energy

$60.08

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RETA

Reata Pharmaceuticals

$213.52

1.48 (0.70%)

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  • 12

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AAPL

Apple

$262.16

1.96 (0.75%)

, GE

General Electric

$11.33

-0.185 (-1.61%)

08:55
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Options
Notable open interest changes for November 12th »

Monday's total…

AAPL

Apple

$262.16

1.96 (0.75%)

GE

General Electric

$11.33

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TSLA

Tesla

$345.07

8.18 (2.43%)

SQ

Square

$63.75

1.265 (2.02%)

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  • 19

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    Feb

ARE

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$155.11

1.19 (0.77%)

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$210.53

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AVB

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0.74 (0.35%)

BXP

Boston Properties

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CONE

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COR

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0.22 (0.19%)

DLR

Digital Realty

$116.59

0.05 (0.04%)

DOC

Physicians Realty Trust

$18.20

0.08 (0.44%)

DRE

Duke Realty

$34.76

0.17 (0.49%)

EPR

EPR Properties

$73.03

-0.07 (-0.10%)

EQIX

Equinix

$534.44

4.28 (0.81%)

EQR

Equity Residential

$84.16

0.19 (0.23%)

ESS

Essex Property Trust

$313.80

-1.29 (-0.41%)

HR

Healthcare Realty Trust

$32.05

-0.145 (-0.45%)

HCP

HCP

$0.00

(0.00%)

VTR

Ventas

$59.10

-0.41 (-0.69%)

REG

Regency Centers

$64.83

0.17 (0.26%)

QTS

QTS Realty Trust

$50.99

0.3 (0.59%)

PLD

Prologis

$87.36

0.3 (0.34%)

INXN

Interxion

$81.78

0.885 (1.09%)

KIM

Kimco Realty

$20.89

0.05 (0.24%)

LMRK

Landmark Infrastructure

$15.50

-0.56 (-3.49%)

MAA

MAA

$132.85

-1.09 (-0.81%)

NNN

National Retail Properties

$55.56

0.38 (0.69%)

O

Realty Income

$76.53

0.22 (0.29%)

WELL

Welltower

$82.21

0.16 (0.20%)

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BLPH

Bellerophon

$0.45

-0.0013 (-0.29%)

08:54
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BREW

Craft Brew

$7.33

0.06 (0.83%)

08:53
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Little signs of information spillage in Craft Brew Alliance into deal »

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  • 13

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