|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||780.84 - 805.70|
|52 Week Range||383.20 - 857.90|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||88.86|
|Earnings Date||Oct 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||781.69|
While the Dow Jones nears highs, Shopify, Chipotle, Paycom, Starbucks, McDonald's, Alteryx and Universal Display triggered a long-term sell rule last week.
Netflix’s original slate dwarfs the new entrants. As the industry transitions toward a larger mix of digital transactions, we believe that Chipotle is in a leading position to establish a digital moat.
It wasn't necessarily an unlucky Friday the 13th on Wall Street, but it was lackluster and indexes closed with minor change and growth stocks lost more ground.
Darden's (DRI) first-quarter fiscal 2020 results are likely to be driven by robust performance of the Olive Garden, LongHorn and Fine Dining segments.
In the booming economy of 2019, consumer discretionary stocks were skyrocketing until they weren’t. Here is a brief rundown of a few of the top stocks in this sector for this year.
Superior fundamentals and technical action, and buying at the right time, are all part of a shrewd investing formula. Check out Apple, Lululemon, Teradyne, Copart and Ally Financial.
LeBron James' quest to trademark "Taco Tuesday" was denied, in part due to a competing trademark for "Techno Taco Tuesday."
CEO of Chipotle Mexican Grill Inc (30-Year Financial, Insider Trades) Brian R Niccol (insider trades) sold 4,392 shares of CMG on 09/09/2019 at an average price of $849.9 a share. Continue reading...
In the latest trading session, Chipotle Mexican Grill (CMG) closed at $799.21, marking a +1.43% move from the previous day.
Time to search the waiver wire. That's fantasy football talk about trying to pick up some bargains, players not signed by other teams that have turned out to be interesting prospects. It's a time-honored tradition, especially in a game where wide receivers get banged up pretty regularly, and as you can see from your screen, that's been the case both in the NFL and in stocks since this season began.
A Chipotle lawsuit 2019 has the company facing allegations of violating labor laws.Source: Northfoto / Shutterstock.com The lawsuit that Chipotle (NYSE:CMG) is dealing with comes from New York City. It claims that the fast food company isn't following the city's Fair Workweek Law that went into place in November 2017. This law requires companies to give workers estimates of schedules two weeks in advance.Other parts of the Chipotle lawsuit 2019 claims that the company hasn't been meeting other requirements from the Fair Workweek Law. This includes not having a legal sick time policy and a lack of paying premiums for closings, as well as last-minute schedule changes. The city is seeking $1 million, and other forms of restitution, from CMG in the lawsuit.InvestorPlace - Stock Market News, Stock Advice & Trading TipsChipotle's response to the lawsuit is that it has been working with NYC to comply with the Fair Workweek Law. The company says it doesn't believe there was need for the lawsuit and that it will continue to work with the city, reports CNBC. * 10 Stocks to Sell in Market-Cursed September "This is a very large corporation that should have known better -- that does know better, because this investigation has been going on since early 2018, and still, as of today, Chipotle has not fixed their practices," Lorelei Salas, the Department of Consumer Affairs' Commissioner for Consumer and Worker Protection, told The New York Times.CMG stock was down 6% on Tuesday following news of the Chipotle lawsuit 2019. The stock is currently up almost 1% as of noon Wednesday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season As of this writing, William White did not hold a position in any of the aforementioned securities.The post Chipotle Lawsuit 2019: CMG Faces Alleged Labor Law Violations appeared first on InvestorPlace.
Although Chipotle (NYSE:CMG) has been red hot recently, it finally met a small roadblock on Tuesday. Here's an in-depth explanation for the session's uncomfortable selloff and, more importantly, what likely lies ahead for CMG stock.Source: Northfoto / Shutterstock.com CMG stock has enjoyed a terrific 2019. Shares of Chipotle have returned an amazing 83%. That's more than Home Depot (NYSE:HD), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL) or most any other large-cap stock out there. And that's on top of 2018's gains of nearly 50% in CMG. Yet as recently as Monday, shares were up nearly 99% and hitting all-time-highs.So, what gives?InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn Tuesday, New York City filed a lawsuit against the fast-fresh restaurant operator. Authorities allege the company violated its Fair Workweek Law. But despite investors not taking any chances with CMG stock, today's troubles aren't remotely close to being a repeat of Chipotle's food scare scandal from a couple years back.To be clear, I'm not suggesting Chipotle stock will walk away scot-free. There will be a monetary slap on the wrist when all is said and done as NYC wants at least $1 million in restitution. utlimately though, the damage will be negligible and Chipotle is working dutifully alongside officials to ensure procedures and systems are in place to comply with the city's laws in the future.The other fact to remember is Tuesday's story won't impact Chipotle's stunning and well-deserved recovery over the past two years from the nadir of its food scare crisis. The company is poised to deliver more growth with its rapidly building digital leadership through e-commerce sales, mobile apps and loyalty programs. * The 10 Best Index Funds to Buy and Hold According to Wedbush's Nick Setyan, Chipotle's strategic sales channels should usher in a multi-year streak of mid-to-high single-digit same-store sales growth. Along with Monday's upbeat forecast, Wedbush upgraded CMG stock from neutral to buy, while slapping a $980 12-month price target on shares. CMG Stock Price Weekly Chart If investors look at the Chipotle stock chart for today, conditions are serving up a nice-looking pullback in the making. Tuesday's pressure has taken shares back into a test of uptrend support and toward a test of its prior, pre-scandal, all-time-high set in late 2015 and the stock's massive corrective base.Ideally, another couple sessions of profit-taking or short sellers trying their hand once again in CMG will take shares down to $755 - $760. And buyers stepping up to buy technical support around the old high will enjoy immediate gratification. Don't hold your breath though.Technically, the real world rarely works out so neatly on the price chart. That's not to say Chipotle stock isn't a buy. It is, but be prepared for price volatility around any future purchases of CMG stock.My suggestion is to size the initial buy decision in shares with the intention of buying additional CMG stock on weakness into a wide area of Fibonacci support from $565 - $773. Additionally, as the more extreme levels could produce some intestinal discomfort for any investors acting too aggressively, I'd also advise waiting for a bullish stochastics crossover or for actual oversold conditions to come into play before making that first move.Disclosure: Investment accounts under Christopher Tyler's management recently exited Chipotle stock (CMG) and / or its derivatives. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post The Bull Market in Chipotle Stock Is Far From Finished appeared first on InvestorPlace.
Restaurant stocks closed lower on Tuesday as the fight to win the morning traffic intensified. Wendy’s will expand its breakfast menu nationwide in 2020.
The city of New York is suing Chipotle Mexican Grill Inc., alleging the Mexican restaurant chain doesn't provide predictable schedules for workers. Mayor Bill de Blasio and the city's Department of Consumer and Worker Protection (DCWP) say the Newport Beach, California-based restaurant chain (NYSE: CMG) violated the city's Fair Workweek Law. “In New York City, predictable schedules for fast food and retail workers are a right, not a privilege.
Tech stocks were under pressure again Tuesday, but the Nasdaq composite pared a 1% intraday loss as Apple's media event got underway in California.
Chipotle Mexican Grill Inc. stock was down 5.1% in Tuesday trading after New York City filed a lawsuit against the fast-casual chain alleging it violated the city's Fair Workweek Law. According to the lawsuit, Chipotle failed to provide "good faith estimates" of schedules, failed to pay premiums for last-minute changes, and failed to comply with other provisions of the law. The office of Mayor Bill de Blasio said in a statement that more than 30 Chipotle workers from five Brooklyn locations filed complaints with the Department of Consumer and Worker Protection (DCWP) about the violations. The city is seeking at least $1 million in restitution plus civil penalties and guarantees of future compliance with the law. The DCWP is also investigating 11 locations in Manhattan. "Chipotle has been working cooperatively with the city to ensure we have systems and processes in place to comply with the law, so we believe the filing of charges was unnecessary," said Laurie Schalow, chief reputation officer at Chipotle, in a statement sent to MarketWatch. "Regardless, we will continue to cooperate with the city and we are addressing any prior noncompliance concerns." Chipotle shares have rallied almost 85% in 2019 while the S&P 500 index is up 18.5% for the period.
Chipotle Mexican Grill (CMG) is helping Bill Ackman’s Pershing Square outperform the broader markets YTD. The fund has gained 54.5% through August.
Chipotle is set for bullish growth as e-commerce sales, mobile apps and loyalty programs fortify its competitive edge, analysts said Monday.
Wedbush analyst Nick Setyan upgraded the stock to Buy from Neutral, setting a $980 price target that is 26% above FactSet’s $778 average. The recovery of Chipotle’s brand and the growth in its business, driven largely by a new management team hired early last year, has led to some dramatic gains in the shares. Chipotle’s restaurants are performing, as seen in the 10% same-restaurant sales growth it delivered in the second quarter.
Wedbush hasn't held a bullish stance on Chipotle's stock since at least 2016 but the case can be made for four reasons. Chipotle is expected to show in its upcoming third-quarter report same-store sales growth of 9.5%, which is above the Street's current estimate of 8.8%. The case for turning bullish on Chipotle is partly based on its stand-out ability to expand in-store margins.
Yahoo FInance's Myles Udland, Jen Rogers and Brian Sozzi break down some of the biggest analysts calls of the day.