Posts for Ticker ‘CMG’

Chipotle Goes Partly Solar (CMG)

Chipotle LogoChipotle Mexican Grill (NYSE: CMG) is trying the solar gimmick, yet this is actually just another step on building upon its social already-respectable image.  This morning the company announced that it is partnering with Houston-based Standard Renewable Energy to install solar panels on about 75 Chipotle restaurants over the next year that will ultimately produce 500 kilowatt hours of electricity.  Chipotle claims that this will make it the largest direct producer of solar energy in the restaurant sector.
Read More »

Starbucks (SBUX) Begins To Thrash McDonald’s (MCD) In Coffee Wars

bucksMcDonald’s (NYSE:MCD) was supposed to crush Starbucks (NASDAQ:SBUX) in the premium coffee business when the world’s largest restaurant chain introduced a line of premium java more than a year ago.

It turns out that McDonald’s impressive start as competition to Starbucks, Dunkin’ Donuts, and other specialty coffee retailers has begun to flag.

New research shows the momentum in terms of store traffic patterns has turned in Starbucks’ direction and it is likely that the trend will continue. Read More »

52-Week High Club

Chipotle Mexican Grill (NYSE: CMG) hit a yearly high of $97.33 as options traders place bets in anticipation of positive earnings.

Dr Pepper Snapple Group (NYSE: DPS) hit a yearly high of $28.58 as Citigroup gives the company a buy rating in anticipation of the declaration of a dividend or stock buy backs in 2010.

Mead Johnson Nutrition Company (NYSE: MJN) hit a yearly high of $43.68 as rumors of a takeover circulated.  The shares promptly dropped as the rumored purchaser, Danone SA, denied the reports.

Thor Industries (NYSE: THO) hit a yearly high of $30.64 as it reported that its 4Q profits had quadrupled.  

Valassis Communications (NYSE: VCI) hit a yearly high of $25.25, boosted by positive news coming out of Gannett.

Walgreen Company (NYSE: WAG) hit a yearly high of $37.53 after the company’s earnings beat analysts estimates.

Garrett W. McIntyre

Top 10 Analyst Upgrades & Downgrades (AMAT, CMG, HGSI, IACI, JTX, NKE, NFLX, SYNA, TIN, UAUA)

These are ten of the top research calls from Wall Street’s analyst wave of daily upgrades, downgrades, and initiations this Friday morning:

  • Applied Materials (AMAT) Cut to Hold at Citigroup.
  • Chipotle Mexican Grill (CMG) Cut to Underperform at Oppenheimer.
  • Human Genome Science (HGSI) Cut to “Source of Funds” at ThinkEquity.
  • IAC/InterActive (IACI) Started as Outperform at Credit Suisse.
  • Jackson-Hewitt (JTX) Raised to Outperform at Oppenheimer.
  • Nike (NKE) Raised to Outperform at Baird.
  • Netflix (NFLX) Started as Underperform at Credit Suisse.
  • Synaptics (SYNA) Started as Buy at Jefferies.
  • Temple-Inland (TIN) Raised to Buy at Deutsche Bank.
  • UAL Corp. (UAUA) Cut to Underweight at JPMorgan.

Jon C. Ogg
June 5, 2009

Oppenheimer Hits Casual Dining (BWLD, CMG, PNRA)

money-stack-image42Oppenheimer has started coverage several of the casual dining chains this morning.  Buffalo Wild Wings (BWLD) was initiated as an “Outperform” rating, with a 40% implied upside at a $52.00 price target.  Chipotle Mexican Grill (CMG) and Panera Bread (PNRA) were both initiated with ‘Perform’ ratings.  So far these ratings have had no significant impact this morning in trading.

Jon C. Ogg

Top 10 Analyst Calls (CMG, FTO, GS, NTAP, OSG, SBUX, SYY, TK, WRI, YUM)

These are the top 10 analyst calls we have seen early this Wednesday morning from Wall Street:

Chipotle Mexican Grill (CMG) Raised to Outperform at William Blair.
Frontier Oil (FTO) Cut to Hold at Deutsche Bank.
Goldman Sachs (GS) Cut to Neutral at JPMorgan.
Network Appliance (NTAP) Raised to Buy at Merriman Curhan Ford.
Overseas Shuipholding (OSG) Cut to Neutral at JPMorgan.
Starbucks (SBUX) Cut to Sell at Deutsche Bank.
Sysco (SYY) Cut to Neutral at JPMorgan.
Teekay (TK) Cut to Neutral at JPMorgan.
Weingarten Realty (WRI) Raised to Market Perform at Wachovia.
YUM Brands (YUM) Raised to Overweight at JPMorgan.
JON C. OGG

Analyst Downgrade Onslaught Continues (ASML, CMG, FORM, GFIG, ICE, KLAC, MSSR, MPEL, MRG, PEET, PRXI, PHM, RGLD, JAVA, TCK, TER, UDR, VNO)

Burning_money_pic_2This morning was a shocker on just how many analyst downgrades and very negative calls were out from Wall Street analysts.  The sad part is this is only part of the onslaught that we are still seeing.

  • ASML (NASDAQ: ASML) Cut to Market Perform at FBR.
  • Chipotle (NYSE: CMG) Cut to Neutral at Piper Jaffray.
  • FormFactor (NASDAQ: FORM) Cut to Market Perform at FBR.
  • GFI Group (NASDAQ: GFIG) Cut to Hold at Deutsche Bank.
  • IntercontinentalExchange (NYSE: ICE) Cut to Hold at Deutsche Bank.
  • KLA-Tencor (NASDAQ: KLAC) Cut to Market Perform at FBR.
  • McCormick & Schmick’s (NASDAQ: MSSR) Cut to Neutral at Piper Jaffray.
  • Melco Crown (NASDAQ: MPEL) Cut to Hold at Deutsche Bank.
  • Morton’s Restaurant Group (NYSE: MRG) Cut to Neutral at Piper Jaffray.
  • Peet’s Coffee & Tea (NASDAQ: PEET) Cut to Neutral at Piper Jaffray.
  • Premier Exhibitions (NASDAQ: PRXI) Cut to Neutral at Merriman Curhan Ford.
  • Pulte Homes (NYSE: PHM) Cut to Neutral at JPMorgan.
  • Royal Gold (NASDAQ: RGLD) Cut to Sector Underperform at CIBC.
  • Sun Microsystems (NASDAQ: JAVA) Cut to Sell from Neutral at Goldman Sachs (added details).
  • Teck (NYSE: TCK) Cut to Neutral at UBS.
  • Teradyne (NYSE: TER) Cut to Market Perform at FBR.
  • UDR Inc. (NYSE: UDR) Cut to Sell at Goldman Sachs.
  • Vornado (NYSE: VNO) Cut to Neutral at Goldman Sachs.

Jon C. Ogg
January 8, 2009

52-Week Low Club (AEG, AMD, BKD, CHRT, CMG, CVI, GEHL, JOBS, LRCX, LSCC, MNI, MU, MSA, NOOF, RYL, THQI, VMED, WSM)

Today was another ugly day on Wall Street as sellers are winning over the conviction that the rumors that the bear was dead might be grossly exaggerated.  You’ll probably recognize many chip stocks on here today.  While financials led the selling today, most financial stocks were not on 52-week lows.  Here are today’s stocks that hit new 52-week lows:

  • Aegon (NYSE: AEG)
  • Advanced Micro Devices (NYSE: AMD)
  • Brookdale Senior Living (NYSE: BKD)
  • Chartered Semiconductor (NASDAQ: CHRT)
  • Chipotle Mexicann Grill (NYSE: CMG)
  • CVR Energy (NYSE: CVI)
  • Gehl Company (NASDAQ: GEHL)
  • 51Job inc.. (NASDAQ: JOBS)
  • Lam Research (NASDAQ: LRCX)
  • Lattice Semiconductor (NASDAQ: LSCC)
  • McClatchy (NYSE: MNI)
  • Micron Tech (NYSE: MU)
  • Mine Safety Appliances (NYSE: MSA)
  • New Frontier (NASDAQ: NOOF)
  • Ryland Group (NYSE: RYL)
  • THQ Inc. (NASDAQ: THQI)
  • Virgin Media Inc. (NASDAQ: VMED)
  • William Sonoma (NYSE: WSM)

Jon C. Ogg
July 28, 2008

The 52-Week Low Club 7/24/2008 (CDNS)(SVU)(MU)(TIE)(CMG)(WFR)

Sad_clownMEMC Electronic Materials (WFR) Results miss Wall St. forecasts. Falls to $41.58 from 52-week high of $96.08.

Chipotle Mexican Grill (CMG) Analyst downgrades. Shares off to $67.26 from 52-week high of $155.49.

Titanium Metals (TIE) Airplane customers cutting metal orders.Drops to$10.27 from 52-week high of$36.50.

Read More »

Montezuma Visits Chipotle Shareholders (CMG, MCD)

Chipotle_logoChipotle Mexican Grill, Inc. (NYSE: CMG) has been one of the greatest spin-off stories around in the restaurant sector this decade.  McDonald’s (NYSE: MCD) spun this company off in an IPO back in early 2006 and it took just under two years for this Mexican themed fast food chain stock to rocket from under $50 to over $150 before the valuations just became too great up at those levels.

Read More »

Top Pre-Market Analyst Downgrades (ADP, T, BA, CTL, CMG, CTXS, COST, MCD, SWIR, TCB, TJX)

These are some of the top pre-market analyst Downgrades and negative calls we are seeing this Thursday Morning:

  • Automatic Data Processing (ADP) Cut to Equal Weight at Morgan Stanley.
  • AT&T (T) Cut to Neutral at JPMorgan.
  • Boeing (BA) Cut to Neutral at Cowen & Co.
  • CenturyTel (CTL) Cut to Equal-Weight at Morgan Stanley.
  • Chipotle Mexican Grill (CMG) Cut to Hold at Jefferies.
  • Citrix Systems (CTXS) Cut to Neutral at Baird.
  • Costco Wholesale (COST) Cut to Neutral at JPMorgan.
  • McDonald’s (MCD) Cut to Hold at Deutsche bank.
  • Sierra Wireless (SWIR) Cut to Underperform at Jefferies and cut to Sector Perform at RBC.
  • TCF Financial (TCB) Cut to Underweight at Morgan Stanley
  • TJX Companies (TJX) Cut to Neutral at Credit Suisse.

Jon C. Ogg
July 24, 2008

Top 10 Pre-Market Analyst Calls (AG, AXL, BUD, ASTI, CMG, EIX, EXC, GM, GSK, NCR)

These are ten of the analyst calls we are focusing on this Tuesday morning:

  • AGCO Corp. (NYSE: AG) Raised to Outperform from Neutral at Credit Suisse.
  • American Axle (NYSE: AXL) raised to Buy at Citigroup.
  • Anheuser-Busch (NYSE: BUD) cut to Hold at Deutsche Bank.
  • Ascent Solar Tech (NASDAQ: ASTI) Started as Outperform at Cowen.
  • Chipotle Class (NYSE: CMG) Started as Overweight at JPMorgan.
  • Edison International (NYSE: EIX) Cut to Neutral from Buy at Goldman Sachs.
  • Exelon Corp. (NYSE: EXC) Raised to Buy from Neutral at Goldman Sachs.
  • General Motors     (NYSE: GM) cut to Hold at Citigroup.
  • GlaxoSmithKline (NYSE: GSK) Cut to Underweight at Morgan Stanley.
  • NCR Corp (NYSE: NCR) started as Overweight at Lehman Brothers.

Jon C. Ogg
May 27, 2008

Key Food Chains Ready For Earnings (MCD, EAT, YUM, CMG, PCFB, WEN)

There are many restaurants reporting earnings this week, some who have suffered from economic sensitivity and some who have not.  People do have to eat when times are good and when times are tough, but many restaurants would be victims due to pricing and other factors.  This week we have many key earnings from retail food chains such as McDonalds Corp. (NYSE: MCD), Brinker International Inc. (NYSE: EAT), Yum! Brands Inc. (NYSE: YUM), Chipotle Mexican Grill, Inc. (NYSE: CMG), PF Chang’s China Bistro Inc. (NASDAQ: PFCB), and Wendy’s International Inc. (NYSE: WEN).

Tuesday we’ll get to see earnings out of McDonald’s Corp. (NYSE: MCD). The estimates for the restaurant chain from First Call are $0.70 EPS on $5.4 billion in revenues.  Next quarter estimates are $0.81 EPS on $5.77 billion in revenues. Estimates for fiscal Dec-2008 are $3.21 EPS on $23.16 billion in revenues.  Analysts have an average price target north of $62.00, and McDonald’s 52-week trading range is $46.64 to $63.69.  Shares closed Monday up 0.6% at $58.67.

Tuesday we’ll get to see earnings out of Brinker International Inc. (NYSE: EAT). The estimates for the restaurant chain from First Call are $0.32 EPS on $895.62 million in revenues.  Next quarter estimates are $0.43 EPS on $922.21 million in revenues. Estimates for fiscal June-2008 are $1.40 EPS on $3.57 billion in revenues. Estimates for fiscal June-2009 are $1.64 EPS on $3.65 billion in revenues.  Analysts have an average price target north of $20.00, and Brinker International’s 52-week trading range is $14.65 to $34.33.  This stock was on our list of top stocks that may double from the lows by the end of the recession.  Shares closed Monday up 2.6% at $19.60.

Read More »

George Soros Top Equity Holdings (AAPL, AUXL, BFLY, CBI, CMG, CRUS, COV, MAPP, POT, SVNT)

This week we got to see critical SEC filings showing holdings of many key and influential investors.  Included in these filings were billionaire George Soros, a billionaire whom is loved by some and much less ‘well thought of’ by others over his currency trading history of over his MoveOn.org attempts.  Either way, investors still watch Soros.  These are the holdings of Soros Fund Management LLC as of December 31, 2007.  These were listed as the top holdings and are not at all his entire positions.  Soros Fund Management LLC was listed as having some $2.269 Billion in the total filing, and these positions here only equate to $360+ million, so there are many more positions.  As with all of these holdings, these positions may have changed or been eliminated as of the dates noted.  Here is a summary of his larger positions with a dollar amount provided by Soros as filer and a share count:

  • Apple Inc. (NASDAQ: AAPL)   $32,000,000;  161,550 shares
  • Auxilium Pharma (NASDAQ: AUXL)   $36,473,000;  1,216,180 shares
  • Bluefly Inc. (NASDAQ: BFLY)   $36,451,000;  48,601,156 shares… an old favorite of his…
  • Chicago Bridge & Iron Co. (NYSE: CBI)   $29,743,000;  492,100 shares
  • Chipotle Mexican Grill, Inc. (NYSE: CMG)  $32,404,000;  220,332 shares
  • Cirrus Logic Inc. (NASDAQ: CRUS)   $24,376,000;  4,616,666 shares
  • Covidien, Ltd. (NYSE: COV)   $32,194,000;  726,900 shares
  • MAP Pharmaceuticals (NASDAQ: MAPP)   $71,374,000;  4,076,169
  • Potash Corp. (NYSE: POT)   $37,933,000;  263,500 shares
  • Savient Pharmaceuticals (NASDAQ: SVNT)   $25,002,000;  1,088,461 shares

As Soros himself says …."Contrary to the tenets of market fundamentalism, financial markets do not tend towards equilibrium; they are crisis prone."   

Other billionaires and their holdings filed this week:
Bill Gates
Carl Icahn
Warren Buffett

Jon C. Ogg
February 16, 2008

Top 10 Pre-Market Analyst Calls (CMG, FLR, MSO, MU, SNH, SSS, VIA.B, WTW, WFMI)

These are not the only calls out there from analysts, but these are the top analyst calls that 247WallSt.com is looking at this Friday morning:

  • Chipotle Mexican Grill (NYSE: CMG) raised to Outperform at Robert W. Baird.
  • Fluor (NYSE: FLR) raised to Buy at UBS.
  • Martha Stewart (NYSE: MSO) started as Outperform at RBC Capital.
  • Micron Tech (NYSE: MU) initiated as Outperform at Oppenheimer.
  • Senior Housing (NYSE: SNH) raised to Buy at UBS.
  • Sovereign Self Storage (NYSE: SSS) downgraded to Hold from Buy at Deutsche Bank.
  • Viacom (NYSE: VIA.B) raised to Buy at UBS.
  • Weight Watchers (NYSE: WTW) raised to Outperform at Oppenheimer.
  • Whole Foods (NASDAQ: WFMI) downgraded to Underweight at Lehman.

Jon C. Ogg
February 15, 2008

Cramer Sends Chipotle South of the Border (CMG)

On tonight’s Thursday SELL BLOCK feature on CNBC’s MAD MONEY, Jim Cramer said the time has come to sell Chipotle (NYSE:CMG) after he’s been behind it for what feels like forever.  Cramer said he loves the food and loves the company, but he can’t like the stock amymore up at $129.00.  He thinks this trading at too high of a multiple and the first hint of a hiccup will generate a big correction.  Even if it runs another $20.00, he’d rather be out.  He acknowledged that the growth rate could go up and that it could outperform, but he’d be out and he has his limits.  "Sell and if it goes lower you can revisit……" but it’s too high.  Shares fell 2% at $126.37 after-hours.

Jon C. Ogg
October 11, 2007

Cramer Pans Financials Again, Then Talks Up Chipotle With Its CFO (CMG)

On tonight’s MAD MONEY on CNBC, Jim Cramer said despite a sweet close it isn’t time to celebrate.  In a preservation of capital strategy and cutting losses will generate gains anyway.  He thinks the market will gap up tomorrow and that is a good chance to sell.  The domino effect is many people walking away from homes, and homebuilders are not able to sell their inventory.  Some of the banks and mortgage brokers will fail over these loans and if they look cheap they are not.  The hedge funds and aggressive managers can’t borrow what they thought they could because of forced selling.  He thinks anything mortgage related should be sold into any strength tomorrow.

Jim Cramer wanted to talk about selective bull markets and said the best company he has in the food space is Chipotle Mexican Grill (NYSE:CMG).  He says this is a regional to national story that beat estimates and raised guidance.  He interviewed Chipotle’s CFO on the show:

Cramer asked about food costs being up….. costs are higher and theirs grew 100 basis points, but they have food integrity and solid contracts.  The rest of the P&L statement is very efficient.

Cramer’s concern is on the slowness of the buildout and then changing to rapid growth….. CFO said they are growing based on real estate availability and the quality of managers they can get.  Managers are coming from inside now and they can do better now than earlier.

How do they incentivize managers?  Elite managers are bonused on sales growth above expectations above plan plus they get $10K per group leader that gets turned into a manager.  As far as feeling like a chain….CFO said he doesn’t want it to feel like a chain and they want to personalize the experience.

Cramer noted that the stock hasn’t even seen upgrades after a 12% gain today on the better performance and Cramer said he thinks Chipotle will go up Thursday again.  Shares climbed nearly another 2% to yet another high, above $100.00.

Jon C. Ogg
August 1, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Chipotle Ready To Serve Earnings (CMG)

Chipotle Mexican Grill (NYSE:CMG) posts earnings after the close today.  The analysts that follow the stock are looking for EPS of $0.45 on revenues of $262.9 million according to First Call.  The estimates for Q3 are $0.46 EPS and $272.4 million.  As a reminder, Chipotle has a history of exceeding earnings estimates and based on its strong performance you can imagine that Wall Street is going to demand another "beat expectations and raise guidance" today.

The stock performance has been amazing.  Shares are within 6% of all-time highs since coming public and are up about 75% over the last year.  Analysts are now mixed on the stock as most Wall Street price targets have been met or exceeded.  On a static basis, options traders are braced for a move of up to $4.60 or so in either direction based on mid-morning prices today. 

A wildcard is of course wholesale food prices, and the spike in avocadoand corn prices are no secret.  It has a secured meat supplyarrangement (or has in the past) so you’ll know where to look today.  It has been a while since Cramer backed the stock, but he definitely increased the cult following in the stock.  The other wildcard is the large short interest since the 4.34 million shares in June that rose a tad to 4.36 million in July.  That is close to 15% of its float and represents more than 10 days average trading volume.  With shares this close to a high and the stock being so leveraged, the shorts could get squeezed hard if this one posts another significant ‘beat and raise’ for the quarter and its outlook.  We’ll know in about 5 hours.

Jon C. Ogg
July 31, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Top Earnings Next Week: July 30 & 31 (APC, FPL, HUM, MNST, OSTK, RSH, SUNW, VZ, AEP, ADP, AVR, BWLD, CMG, COH, RIO, FSLR, GM, IACI, IMCL, NVT, NMX, RNWK, RUTH, SIRI, UA, WFMI)

MONDAY, JULY 30, 2007
ABN AMRO (ABN)
Anadarko Petroleum Corp. (APC)
Archer Daniels Midland (ADM)
Cameco (CCJ)
FPL Group (FPL)
HSBC Holdings (HBC)
Humana (HUM)
Monster Worldwide (MNST)
Overstock.com (OSTK)
RadioShack Corp. (RSH)
Simon Property (SPG)
Statoil (STO)
Sun Microsystems (SUNW)
Principal Financial Group (PFG)
Tyson Foods (TSN)
Verizon (VZ)
Wm Wrigley (WWY)

TUESDAY, JULY 31, 2007
Alcan (AL)
American Capital Strategies (ACAS)
American Electric Power    (AEP)
Aon Corporation    (AOC)
Automatic Data Processing (ADP)
Aventine Renewable Energy (AVR)
Avon Products (AVP)
Buffalo Wild Wings, Inc. (BWLD)
CBS Corp. (CBS)
Chipotle Mexican Grill (CMG)
Coach, Inc. (COH)
Companhia Vale do Rio Doce-CVRD    (RIO)
Crown Castle International (CCI)   
CryoLife, Inc. (CRY)
Denny’s Corp. (DENN)
DreamWorks Animation SKG (DWA)
Encore Acquisition Company (EAC)
FEI Company (FEIC)
First Solar (FSLR)
Fresh Del Monte (FDP)
Gartner (IT)
General Cable Corp. (BGC)
General Motors (GM)
Headwaters Inc. (HW)   
IAC/Interactive (IACI)
ImClone Systems (IMCL)
IndyMac Bancorp    (IMB)
Liz Claiborne (LIZ)
Marathon Oil (MRO)
MetLife Inc. (MET)
NAVTEQ Corp. (NVT)
NCR Corp. (NCR)
Nicor Inc. (GAS)
Northwest Airlines (NWA)
NYMEX Holdings (NMX)
PMI Group (PMI)
RealNetworks (RNWK)
RenaissanceRe Holdings (RNR)
Ruth’s Chris Steak House (RUTH)
SiRF Tech (SIRF)   
Sirius Satellite Radio (SIRI)
St. Joe Company    (JOE)
Trimble Navigation (TRMB)
Tupperware Brands (TUP)
Turbochef (OVEN)
Under Armour (UA)
Valero Energy (VLO)
Vornado Realty Trust (VNO)
Waste Industries (WWIN)
Waste Management (WMI)
Watts Water Tech (WTS)
WebMD Health (WBMD)   
Whole Foods Market (WFMI)

We will be following up with many of these individually over the weekend and early in the week with full earnings previews.  Have a great weekend.

-The 24/7 Wall St., LLC team

Pre-Market Analyst Calls (June 26, 2007)

AYE raised to Buy at Jefferies.
BIIB cut to Equal Weight at Lehman.
CELG raised to Overweight at Lehman.
CKNN started as Buy at Merriman Curhan Ford.
CMG started as Equal-Weight at Lehman.
DLB raised to Overweight at JPMorgan.
DLIA started as Neutral at First Albany.
EAS raised to Hold at Jefferies.
EIX raised to Buy at Jefferies.
GENZ raised to Overweight at Lehman.
HGSI cut to Equal Weight at Lehman.
MLNM cut to Equal Weight at Lehman.
RATE started as Neutral at Oppenheimer.
SMSI started as overweight at JPMorgan.
TLVT cut to Neutral at Merrill Lynch.
TRBN started as Mkt Perform at FBR.
WINN raised to Outperform at FBR.
YSI raised to Market Perform at Wachovia.
ZOLL started as Buy at Sun Trust Robinson Humphrey.

Jon C. Ogg
June 26, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.