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Chipotle Mexican Grill Inc (CMG.N)

CMG.N on New York Stock Exchange

474.47USD
28 Apr 2017
Change (% chg)

$-7.53 (-1.56%)
Prev Close
$482.00
Open
$479.00
Day's High
$481.12
Day's Low
$473.45
Volume
225,941
Avg. Vol
155,095
52-wk High
$497.48
52-wk Low
$352.99

Latest Key Developments (Source: Significant Developments)

Chipotle Mexican Grill reports Q1 earnings per share $1.60
Tuesday, 25 Apr 2017 04:10pm EDT 

April 25 (Reuters) - Chipotle Mexican Grill Inc -:Chipotle Mexican Grill Inc announces first quarter 2017 results.Q1 earnings per share $1.60.Q1 revenue $1.07 billion versus i/b/e/s view $1.05 billion.Q1 earnings per share view $1.27 -- Thomson Reuters I/B/E/S.Chipotle Mexican Grill Inc - qtrly comparable restaurant sales increased 17.8%.Chipotle Mexican Grill Inc qtrly food costs were 33.8% of revenue, a decrease of 150 basis points compared to q1 of 2016.Chipotle Mexican Grill Inc - qtrly restaurant level operating margin increased to 17.7% from 6.8%.Sees 2017 comparable restaurant sales increases in high-single digits.Sees 195 - 210 new restaurant openings in fy 2017.Chipotle Mexican Grill - decrease in q1 food costs was primarily driven by lower food waste and testing costs.Chipotle Mexican Grill Inc - decrease in q1 food costs was partially offset by higher avocado prices.Chipotle Mexican Grill-q1 comparable restaurant sales increased due to improved customer traffic, reduced promotional activity, increased average check.  Full Article

Chipotle Mexican Grill enter agreements with CEO and CFO to modify terms of performance share awards
Thursday, 30 Mar 2017 05:05pm EDT 

Chipotle Mexican Grill Inc : Chipotle Mexican Grill - entered into agreements with Steve Ells, CEO, Jack Hartung, CFO,Mark Crumpacker, to modify terms of performance share awards . Chipotle Mexican Grill Inc - agreements to modify terms of performance share awards made to each of foregoing executive officers in February 2016 . Chipotle - modifications to 2016 performance share award terms include measurement period for establishing stock price achievement increased from 30-60 days .Chipotle - Modifications to 2016 performance share award terms include reducing maximum payout to 300 pct of target awards; prior maximum was 400 pct of target.  Full Article

Chipotle Mexican Grill CEO Steve Ells' FY 2016 total compensation was $15.7 mln - SEC Filing
Thursday, 30 Mar 2017 04:53pm EDT 

Chipotle Mexican Grill Inc : CEO Steve Ells' FY 2016 total compensation was $15.7 million versus $13.8 million in fy 2015 - SEC Filing . Former Co-CEO Monty Moran's FY 2016 total compensation was $15.5 million versus $13.6 million in FY 2015 . Former CFO Jack Hartung's FY 2016 total compensation was $6.9 million versus $6.0 million in FY 2015 . Chipotle Mexican Grill - Shareholders agreed to withdraw shareholder proposal calling for separation of chairman and CEO positions, appoint independent chairman . Chipotle Mexican Grill - Agreed with shareholders Amalgamated Bank and CTW Investment Group to further strengthen lead director position . Chipotle Mexican Grill - Lead director will write annual letter to shareholders to be included in proxy statement for annual shareholder meetings each year, beginning 2018 . Chipotle Mexican Grill - Lead director to review and approve the agenda for each board meeting .Chipotle Mexican Grill - Lead director together with chair of compensation committee, lead annual performance evaluation of chief executive officer.  Full Article

Chipotle Mexican Grill files for potential offering of 2.9 mln shares
Friday, 3 Mar 2017 04:59pm EST 

Chipotle Mexican Grill Inc : Chipotle Mexican Grill Inc files for potential offering of 2.9 million shares by selling stockholders - SEC filing . Chipotle Mexican Grill-as of Feb 3, pershing square funds own 2.9 million shares of co's stock, or about 10.0% of outstanding shares of common stock .Chipotle Mexican Grill-on Feb 3, entered registration rights agreement with pershing square for resale of shares pershing square funds own.  Full Article

Pershing Square Capital Management says Chipotle Mexican Grill entered registration rights agreement with company - SEC Filing
Tuesday, 7 Feb 2017 05:42pm EST 

Chipotle Mexican Grill Inc : Pershing Square Capital Management - On Feb 3, 2017, Chipotle Mexican Grill entered registration rights agreement with Pershing Square - SEC Filing . Pershing Square Capital Management - Registration rights agreement with Chipotle was entered into pursuant to the December 14 letter agreement . Pershing Square-May make up to 4 requests that Chipotle Mexican Grill file registration statement to register sale of shares owned by pershing square . Pershing Square-Registration rights agreement provides Chipotle will file a shelf registration statement covering shares of co owned by Pershing Square .Pershing Square-Registration rights agreement with Chipotle provides certain piggyback registration rights to Pershing Square.  Full Article

Chipotle Mexican Grill Q4 earnings per share $0.55
Thursday, 2 Feb 2017 04:05pm EST 

Chipotle Mexican Grill Inc : Chipotle Mexican Grill, Inc. announces fourth quarter and full year 2016 results . Chipotle Mexican Grill Inc - Comparable restaurant sales for month of December increased 14.7% and declined 4.8% for full quarter . Q4 earnings per share $0.55 . Q4 revenue $1.0 billion versus I/B/E/S view $1.04 billion . Sees 2017 comparable restaurant sales increases in high-single digits . Chipotle Mexican Grill Inc - Qtrly restaurant level operating margin was 13.5%, a decrease from 19.6% . Sees 2017 comparable restaurant sales increases in high-single digits . Sees 195 - 210 new restaurant openings in 2017 . Q4 earnings per share view $0.57 -- Thomson Reuters I/B/E/S .Chipotle Mexican Grill Inc - Q4 comparable restaurant sales declined primarily as a result of a decrease in number of transactions in our restaurants.  Full Article

Chipotle Mexican Grill Inc sees Q4 comparable restaurant sales decrease of 4.8 pct
Tuesday, 10 Jan 2017 08:02am EST 

Chipotle Mexican Grill Inc : Chipotle Mexican Grill Inc sees Q4 comparable restaurant sales decrease of 4.8% . Chipotle Mexican Grill Inc - for Q4 2016 anticipate sales revenue of $1.035 billion . Sees Q4 2016 earnings per share about $0.50 to $0.58 . Chipotle Mexican Grill Inc sees Q4 restaurant level operating margin to be approximately 13% to 14% . Q4 earnings per share view $0.96, revenue view $1.05 billion -- Thomson Reuters I/B/E/S . Chipotle Mexican Grill Inc - as of January 10, 2017, current remaining repurchase authorization is $200.0 million. . Repurchase is in addition to previously announced repurchase authorizations totaling $2.1 billion . Chipotle Mexican Grill Inc - board of directors has authorized repurchases of chipotle common stock with a total aggregate purchase price of $100 million .Chipotle Mexican Grill -"incurred higher food costs compared to our originally-forecasted amounts as a result of increased market costs for avocados".  Full Article

Pershing square holdings releases Q3 letter to shareholders
Wednesday, 7 Dec 2016 04:05pm EST 

Pershing Square Holdings Ltd : Pershing square holdings - "chipotle’s sales recovery will be neither smooth nor predictable over the next few quarters" . Pershing square holdings says harvested investments in canadian pacific and zoetis to free up capital for new commitments . Pershing square holdings says it has yet to disclose the second investment in which it has built a half-sized position . Pershing square holdings - "we remain short herbalife because we believe its intrinsic value is zero" . Pershing square holdings says over the past two quarters, it has exited our investments in canadian pacific and zoetis . Pershing square holdings says valeant now represents approximately 5% of pershing square, l.p.'s capital . Pershing square holdings-substantial decline in pershing square, l.p's performance from aug 2015 through march 31, 2016 largely due to valeant’s decline .Pershing square holdings releases q3 letter to shareholders.  Full Article

Pershing Square takes sole shared stake in Chipotle
Monday, 14 Nov 2016 05:15pm EST 

Pershing Square Capital Management LP : Takes sole shared stake of 554,213 shares in Chipotle Mexican Grill - SEC filing . Cuts sole share stake in Air Products & Chemicals Inc by 47 percent to 4.03 million shares . Change in holdings are as of september 30, 2016 and compared with the previous quarter ended as of june 30, 2016 .Cuts sole shared stake in Zoetis inc by 87.2 percent to 2.7 million shares.  Full Article

Chipotle Mexican Grill plans to reduce costs as a percent of revenue in 2017
Wednesday, 26 Oct 2016 06:18am EDT 

Chipotle Mexican Grill Inc:Chipotle Mexican Grill says it plans to reduce restaurant level operating costs and general and administrative costs as a percent of revenue in 2017.  Full Article

More From Around the Web

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Chipotle data breach clouds recovery from food safety woes

LOS ANGELES Chipotle Mexican Grill Inc on Tuesday reported a sharp rise in sales at its restaurants as it recovers from food safety lapses that drove away customers but disclosing a data breach erased some of the stock's after-hours rally.