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Chipotle Ditches Old Queso Blanco For New Recipe
Wednesday, February 26, 2020 - 4:06pm | 386Chipotle Mexican Grill, Inc. (NYSE: CMG) will ditch its old queso blanco recipe in favor of a new one that is expected to better resonate with customers. What Happened Chipotle launched a new queso cheese dip back in 2017 but failed to live up to expectations. The company scrambled to offer a...
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Wedbush Turns Bearish On Chipotle, Says Risks Are Underappreciated
Monday, August 27, 2018 - 9:52am | 443Chipotle Mexican Grill, Inc. (NYSE: CMG) CEO Brian Niccol has made his turnaround plan clear to the investment community, but Wedbush isn't optimistic on the outlook due to what it said are underappreciated risks. The Analyst Wedbush's Nick Setyan downgraded Chipotle Mexican Grill from...
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Chipotle's Turnaround Is 'Underway,' But Stephens Is Neutral Until Traffic Improves
Thursday, April 26, 2018 - 9:55am | 375Fast casual food chain Chipotle Mexican Grill, Inc. (NYSE: CMG) reported first-quarter results Wednesday that confirmed a turnaround is "underway," but now is not the time to buy the stock, according to Stephens. The Analyst Stephens' Will Slabaugh maintains an Equal-Weight...
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Chipotle Naming A New CEO Would Remove A Big Overhang, Says William Blair
Monday, January 22, 2018 - 2:40pm | 420Chipotle Mexican Grill, Inc. (NYSE: CMG) is scheduled to report its fourth quarter results Feb. 6, and investors are expecting an update to the company's search for a new CEO to replace Steve Ells. The Analyst William Blair's Sharon Zackfia maintains a Market Perform rating on Chipotle...
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Let's Cut To The Cheese: After Sluggish Q3, Chipotle Still A 'Show Me' Story
Wednesday, October 25, 2017 - 9:08am | 454Despite a more than 10-percent decline in Chipotle Mexican Grill, Inc. (NYSE: CMG)'s stock in reaction to a disappointing earnings report, not all of Wall Street are ready to throw in the towel...yet. UBS analyst Dennis Geiger maintains a Neutral rating on Chipotle's stock with an unchanged...
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For Chipotle, Concerns That Queso Isn't Connecting With Consumers
Friday, October 13, 2017 - 8:41am | 429Investors who previously hoped the introduction of Queso to Chipotle Mexican Grill, Inc. (NYSE: CMG)'s menu offering would help improve traffic and boost the stock higher may want to reconsider, according to analysts at Wells Fargo. Analyst Jeff Farmer thinks queso just may not be connecting...
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Queso Fail, Other Headwinds Lead This Analyst To Remain Cautious On Chipotle
Wednesday, October 11, 2017 - 2:33pm | 388Analysts at Stephens continue to hold a cautious view on Chipotle Mexican Grill, Inc. (NYSE: CMG) despite a recent upgrade. The firm's Will Slabaugh upgraded Chipotle's stock to Equal-Weight in August amid a view that the negative media attention the company has been receiving is "well...
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Queso Performance For Chipotle Said To Be 'Underwhelming'
Wednesday, September 27, 2017 - 12:12pm | 402Investors hoping Chipotle Mexican Grill, Inc. (NYSE: CMG) would see a notable boostfrom its new queso offering may want to reconsider their thesis, at least according to analysts at BMO Capital Markets. The firm's Andrew Strelzik maintains a Market Perform rating on Chipotle's stock with a price...
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'Grainy' Or Not, Queso Might Be The Distraction Chipotle Needs
Friday, September 22, 2017 - 2:14pm | 468Chipotle Mexican Grill, Inc. (NYSE: CMG) dipped below the $300 mark Tuesday but has since climbed back to the $315 range after the launch of queso that’s getting burned on social media. The dip’s “taste/texture is quite different from competitor products,” Mizuho analyst...
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Rumor Has It Chipotle's Queso Launch Planned For Sept. 12
Tuesday, August 29, 2017 - 10:15am | 404Analysts at Credit Suisse are working under the assumption that Chipotle Mexican Grill, Inc. (NYSE: CMG) is prepping for a national launch of its queso cheese dip as soon as Sept. 12. The casual fast food restaurant chain has been testing its queso product in 350 restaurants since Aug. 1, and...