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McDonald's Once Owned 90% Of Chipotle: Why It Sold Stake Too Early, Missed $73 Billion Opportunity
Wednesday, October 23, 2024 - 11:11am | 950Fast-food giant McDonald's Corporation (NYSE:MCD) is one of the most valuable restaurant companies in the world, valued at more than $225 billion and consistently putting out quarterly results with billions of dollars in revenue. It turns out that the company could have been even more valuable if...
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The 'Time Has Expired' For A Chipotle Turnaround, Mizuho Says In Downgrade
Wednesday, February 7, 2018 - 12:15pm | 740Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) lost more than 10 percent after the company's fourth-quarter earnings report Tuesday failed to impress Wall Street analysts who lowered their ratings on the fast casual restaurant chain. The Analysts Mizuho Securities' Jeremy Scott...
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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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An Early Wall Street Reaction To Chipotle's CEO Announcement
Wednesday, November 29, 2017 - 2:44pm | 423Chipotle Mexican Grill, Inc. (NYSE: CMG) confirmed Wednesday morning that it has decided to search for a new CEO to replace the company's founder Steve Ells. The Analyst Oppenheimer's Brian Bittner maintains a Perform rating on Chipotle's stock. The Thesis Chipotle's decision to...
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For Chipotle, The Search For A New CEO Begins
Wednesday, November 29, 2017 - 9:26am | 453Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) were briefly halted ahead of Wednesday's market open after the company confirmed it plans to replace its CEO Steve Ells. What You Need To Know Ells founded Chipotle in 1993 and also serves as the company's chairman. He will be relegated...
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Chipotle Gets Burned After Big Q3 Earnings Miss
Tuesday, October 24, 2017 - 4:18pm | 306Chipotle Mexican Grill, Inc. (NYSE: CMG) is getting pummeled after reporting a big third-quarter earnings miss after Tuesday's market close. Chipotle reported third-quarter EPS of $1.33, missing analyst estimates by 30 cents. Sales also fell short of expectations, coming in about $20 million...
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Chipotle Shares Continue To Hurl Downward
Thursday, July 20, 2017 - 1:55pm | 473Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) continued to slide in the wake of an outbreak of sick customers exposed to a norovirus at a restaurant in Sterling, Virginia. Shares were down 3 percent in early afternoon trading at $361.63, a low for the year. The stock plunged after complaints...
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Steve Ells Returns To Sole Chipotle CEO Role; What Should We Expect?
Monday, December 12, 2016 - 12:49pm | 292Chipotle Mexican Grill, Inc. (NYSE: CMG) investors are hoping a change in the company's management structure could provide the necessary jolt needed to reverse the stock's year-to-date decline of more than 20 percent. Chipotle announced Monday its founder Steve Ells will now assume the sole CEO...
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Chipotle Is Having Its Second-Worst Day Of 2016
Tuesday, December 6, 2016 - 3:20pm | 262Chipotle Mexican Grill, Inc. (NYSE: CMG) shares are getting hammered by more than 7.8 percent on Tuesday following troubling management commentary about forward guidance at the Barclays retail conference in New York. Shareholders seem particularly concerned about the fact that management admitted...
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Chipotle Exec: We're Not Recovering Like We Hoped
Tuesday, December 6, 2016 - 10:50am | 456Chipotle Mexican Grill, Inc. (NYSE: CMG) opened Tuesday’s session down more than 7.5 percent following yet another disappointing quarterly report. Disappointment Continues A number of food safety issues plagued the company throughout late 2015 and early 2016, including multiple...
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4 CEOs With A Tough Year Ahead
Monday, January 4, 2016 - 9:23am | 630This week, everyone is returning to business as usual, renewed, refreshed and with the clean slate of a new year in front of them. However, for some CEOs, the problems that 2015 drummed up are far from blurs in the rearview mirror. Several big names on Wall Street are likely to make some tough...
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Can Chipotle Make A Comeback?
Tuesday, December 29, 2015 - 10:20am | 469The past few months have significantly dulled the shine of fast-food chain Chipotle Mexican Grill, Inc. (NYSE: CMG). E. coli and norovirus outbreaks have tarnished the brand's reputation among consumers and given investors reason to dump the stock for fear that the firm's foodservice days are...
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Chipotle's Co-CEO Takes Home $17 Million In Proceeds From Exercising Options
Thursday, February 13, 2014 - 2:09pm | 420Chipotle Mexican Grill (NYSE: CMG) Co-Chief Executive and Chairman Steve Ells exercised company options and sold 32,090 shares of Chipotle Mexican Grill stock at an average price of $550.11, collecting a cool $17,653,146. The options that Ells exercised were set to expire February 6, 2019....
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Chipotle Rises on Strong Q2 Report
Friday, July 19, 2013 - 6:43am | 233Chipotle Mexican Grill (NYSE: CMG) released its fiscal second-quarter earnings results after the closing bell on Thursday. The company's earnings per share and revenue in the period both exceeded Wall Street analysts' consensus estimates. In pre-market trade, Chipotle was last up a little less...