Saturday February 11, 2023, 10:17:26
Chipotle Mexican Grill appears to be starting up a new restaurant concept, with the first location to be a part of the Kitchen United Mix food hall located on the popular Third Street Promenade in Santa Monica, California.
Tuesday February 7, 2023, 18:15:50
After today’s (Tuesday’s) market close, Chipotle Mexican Grill reported adjusted Q4 EPS of $8.29, falling short of our $9.09 projection and sell-side consensus (according to Consensus Metrix) of $8.91. We’d note that Q4 Labor Costs/Revenues, at 25.6%, was higher than our 24.5% forecast. On today’s conference call, management noted that there was a lower-than-expected benefit from Q4’s Garlic Guajillo Steak limited-time offering. Management adds that it anticipated Q4 restaurant-level margins would be in the 25% range, as opposed to the 24.0% actual.
Thursday December 1, 2022, 07:00:00
Back in September 2014, we published a note (for a former employer) entitled “CMG: A $1,300+ Stock by Decade’s End?” At the time, CMG shares traded at about $671 per share. As it turns out, despite highly challenging food-safety issues that led to five straight quarters of negative same-store sales over Q4 2015-Q4 2016, CMG stock ended 2020 at $1,480 per share – meaningfully above $1,300. What might a similar analysis today suggest about where CMG shares might end up in about five years’ time, at year-end 2027?
Thursday December 19, 2024
Thursday December 12, 2024
Thursday December 19, 2024
Thursday December 12, 2024