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Chipotle Mexican Grill stock price
Chipotle Mexican Grill latest news:
Chipotle slides as customers turn up noses at cheese dip
SAN FRANCISCO (Reuters) - Shares of Chipotle Mexican Grill sank more than 3 percent on Monday as customers on social media turned up their noses at the burrito seller's new "queso" cheese topping.
Chipotle slides as customers turn up nose at cheese dip
SAN FRANCISCO (Reuters) - Shares of Chipotle Mexican Grill sank 3 percent on Monday as customers on social media turned up their noses at the burrito seller's new "queso" cheese topping.
Chipotle launches queso nationwide amid stock slump
Chipotle Mexican Grill (NYSE:CMG) is aiming to reverse its months-long slump with the nationwide release of an all-natural queso product on Tuesday.
Chipotle downgraded on slow sales recovery
Chipotle Mexican Grill Inc. was downgraded to underperform from market perform at Cowen & Company based on a proprietary survey that found consumer perceptions of quality and value are still at low levels, which analysts believe is a factor in the restaurant brand's slow sales recovery. Analysts lowered their price target to $250 from $370. Perceptions dropped after the November 2015 E coli outbreak, and Cowen's data shows that they were still at those "trough" levels in July and August 2017. "Chipotle's historic brand differentiation was in quality, which we expect to remain challenged as a proliferation of smaller fast casual concepts have collectively implemented a similar 'food with integrity' playbook with different cuisines," analysts led by Andrew Charles wrote. And plans to raise prices by 5% over the next two-to-four quarters seem "imprudent," the note said. Moreover, the company's introduction of queso on the menu is not expected to be a sales driver for the long-term. Chipotle shares are down 4% in Friday trading, and down 19.4% for the year so far. The S&P 500 index is up 10% for 2017 so far. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Chipotle adding queso to menus nationwide on September 12
Chipotle Mexican Grill Inc. said Tuesday that it's adding "all-natural" queso to its menus nationwide on September 12. Chipotle has been testing queso at 350 restaurants across southern California and Colorado. Chipotle's queso will be made with aged cheddar cheese, tomatillos, tomatoes and several varieties of peppers. Pricing will vary slightly by city, but will range from $1.25 to add to an entree, to $5.25 for a large side order. Chipotle shares are down 18.2% for the year so far, while the S&P 500 index is up 9.8% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Chipotle closes Dallas restaurant seen in viral rodent video
LOS ANGELES, Aug 10 (Reuters) - Chipotle Mexican Grill Inc
on Thursday said it has closed the Dallas restaurant
where a diner shot video of rodents crawling on the restaurant
floor that was widely shared on the internet three weeks ago.
Lack of value fund interest could be another bad omen for Chipotle
NEW YORK (Reuters) - More well-publicized incidents at Chipotle Mexican Grill Inc restaurants have pushed the shares down 26 percent over the last three months, but the burrito chain is facing a more...
Chipotle served another subpoena after latest food scare
July 26 (Reuters) - Chipotle Mexican Grill Inc said
U.S. federal prosecutors served a subpoena, seeking information
related to a suspected norovirus outbreak at a restaurant in
Sterling, Virginia that it briefly closed last week.
Chipotle links sick worker to latest Norovirus outbreak
Chipotle Mexican Grill Inc(CMG) is retraining kitchen crews on food safety and enforcing a zero-tolerance policy for employees refusing to abide by new rules, after identifying a sick employee as the cause of a Norovirus outbreak that forced it to briefly close a restaurant in Virginia last week.
Chipotle posts higher profit; links sick worker to latest Norovirus outbreak
LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc's quarterly profit more than doubled on stronger sales, fewer giveaways and lower labor costs, as the burrito seller tries to win back customers after several food safety lapses tarnished its brand.
Chipotle reports upbeat earnings despite new health scare
Chipotle Mexican Grill reported earnings of $2.33 per share on close to $1.17 billion in revenue .
Chipotle profit doubles, shares rise
LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc's profit more than doubled in the latest second quarter, sending shares of the burrito seller up more than 2 percent in after-hours trading on Tuesday.
Chipotle set to address Virginia norovirus cases in earnings call
Chipotle Mexican Grill (NYSE:CMG) executives are expected to update investors on recent food safety scares in Virginia and Texas that roiled its stock price in recent days when the company announces second-quarter earnings on Tuesday afternoon.
Analyst slashes Chipotle stock target, casts doubt on menu price hikes
LOS ANGELES (Reuters) - Shares in Chipotle Mexican Grill Inc continued losing ground on Monday, after Credit Suisse chopped its price target by $100 and raised doubts about whether the burrito chain can raise menu prices to offset higher costs.
General Electric and Chipotle fall while Capital One climbs
General Electric and Chipotle Mexican Grill tumble while Capital One Financial and Visa advance
UPDATE 2-Chipotle shares fall on Norovirus, rodent incidents
BOSTON, July 20 (Reuters) - Chipotle Mexican Grill Inc
shares fell 4.5 percent on Thursday after testing
confirmed Norovirus in a customer who ate at the one of the
chain's Virginia restaurants and a video of rodents crawling on
the floor of a Dallas shop went viral.
Chipotle Virginia customer tested positive for norovirus: official
Testing has confirmed norovirus in a customer who ate at the Virginia Chipotle Mexican Grill Inc restaurant that was briefly closed earlier this week following multiple reports of diners falling ill, a county health department official told Reuters on Thursday.
Chipotle reopens Virginia store after norovirus scare
Chipotle Mexican Grill sanitized and reopened the Virginia store that was closed following "a small number of reported illnesses" attributed to norovirus.
Chipotle reopens Virginia store linked to customer illness
Chipotle Mexican Grill (NYSE:CMG) will reopen one of its Virginia locations Wednesday, following its closure for a suspected norovirus outbreak that is believed to have caused several customers to become ill.
Chipotle to reopen Virginia restaurant after norovirus reports
BOSTON (Reuters) - Chipotle Mexican Grill Inc said it will reopen a Virginia restaurant on Wednesday, two days after it was closed due to reports that several customers had fallen ill with suspected norovirus.
Chipotle shuts Virginia restaurant on norovirus worries, shares fall
(Reuters) - Chipotle Mexican Grill Inc closed a restaurant in Virginia because of a suspected norovirus outbreak among some diners, sending its shares lower on Tuesday.
Chipotle's stock tumbles on reports of customer illnesses, but company says restaurants are 'safe'
Shares of Chipotle Mexican Grill Inc. turned sharply lower in morning trade Tuesday, as the company confirmed there were some reported illnesses by customers who ate at a restaurant in Virginia. The company said it was "safe" to eat at Chipotle, and planned to reopen the restaurant Tuesday. The stock had gained as much as 0.8% minutes after the open on the heels of an analyst upgrade before pulling back, to be down about 0.4% at around 10:30 a.m. ET. The stock then tumbled as much as 7.6% to a low of $362.40, the lowest level seen since Nov. 2, 2016, before paring some losses. "We are aware of a small number of reported illnesses isolated to a single restaurant in Sterling, Virginia on Tripleseven Road, and have notified local health department officials," Chipotle said in an emailed statement to MarketWatch. "The reported symptoms are consistent with norovirus. Norovirus does not come from our food supply, and it is safe to eat at Chipotle." The stock was recently down 5.1% on volume of 2.7 million shares, which was already nearly triple the full-day average. The stock has plummeted 21% over the past three months, while the S&P 500 has gained 4.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Chipotle's stock rallies after upgrade on queso optimism, valuation
Shares of Chipotle Mexican Grill Inc. rallied 1.1% in premarket trade Tuesday, after the fast casual Mexican restaurant chain was upgraded at Maxim Group, which cited optimism over the introduction of queso and valuation. Analyst Stephen Anderson raised his rating to buy from hold and raised his stock price target to $470, which is 20% above Monday's closing price of $392.00, from $440. Anderson has now swung to bullish from bearish (sell) on Chipotle in seven months. The upgrade comes a week before Chipotle reports second-quarter results. "We contend the introduction of queso--a Mexican cheese dip--which is now in test, will be an important catalyst for [Chipotle] in 2018," Anderson wrote in a note to clients. "We now argue the recent pullback in [Chipotle] shares, along with the potential for upside from queso, provide an opportunity for investors to participate in [Chipotle's] recovery." The stock has tumbled 16% over the past three months to close Monday at a 6 1/2-month low, while the S&P 500 has climbed 5.0%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Chipotle's stock tumbles to cusp of new bear market after Oppenheimer's downbeat outlook
Shares of Chipotle Mexican Grill Inc. slumped 2.3% toward a four-month low in morning trade Tuesday, after Oppenheimer said the downside risk still remains too risky to get bullish despite the recent sharp selloff. The stock has tumbled 19.7% since closing at a 14-month high of $496.14 on May 16, putting it on the cusp of kicking off a new bear market. Many Wall Streeters define a bear market as a decline of at least 20% from a bull-market peak. Oppenheimer analyst Brian Bittner reiterated his perform rating on the fast-casual Mexican food chain, which he's had on the stock since Jan. 4, 2016. "We remain cautious, despite CMG's recent [near] 20% pullback," Bittner wrote in a note to clients. "Our analysis within highlights material risk to the [Wall] Street's post-2017 earnings power thesis--a requirement to justify current valuation." Chipotle is scheduled to report second-quarter results on July 25, with analysts expecting a second-straight quarter of same-store sales growth following five-straight quarters of declines, according to FactSet. The stock has gained 5.7% year to date, but was still down 1.1% over the past year, while the S&P 500 has climbed 14% over the past 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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