Edition:
United States

Chipotle Mexican Grill Inc (CMG.N)

CMG.N on New York Stock Exchange

414.02USD
24 Mar 2017
Change (% chg)

$-0.86 (-0.21%)
Prev Close
$414.88
Open
$414.82
Day's High
$416.71
Day's Low
$412.98
Volume
73,090
Avg. Vol
151,528
52-wk High
$480.61
52-wk Low
$352.99

Latest Key Developments (Source: Significant Developments)

Chipotle Mexican Grill Q2 earnings per share $0.87
Thursday, 21 Jul 2016 04:10pm EDT 

Chipotle Mexican Grill Inc : Chipotle Mexican Grill, Inc. announces second quarter 2016 results . Q2 earnings per share $0.87 . Q2 revenue $998.4 million versus I/B/E/S view $1.05 billion . Q2 earnings per share view $0.93 -- Thomson Reuters I/B/E/S . Qtrly food costs were 34.2% of revenue, an increase of 110 basis points as compared to Q2 of 2015 . Qtrly comparable restaurant sales decreased 23.6% . Qtrly restaurant level operating margin was 15.5 percent, down from 28 percent . For 2016, management expects 220 - 235 new restaurant openings . For 2016, management expects an effective full year tax rate of approximately 38.6% .Qtrly "Comparable restaurant sales declined primarily as a result of a decrease in number of transactions in our restaurants".  Full Article

Chipotle shareholders approve elimination of provision limiting ability to call special meeting of shareholders to only board or chairman
Wednesday, 11 May 2016 05:21pm EDT 

Chipotle Mexican Grill Inc : Shareholders approved elimination of provision limiting ability to call special meeting of shareholders to only board or chairman . Board amended bylaws to implement right for shareholders to call meetings upon request of shareholders holding at least 25% outstanding shares . Board authorized repurchases of Chipotle common stock with a total aggregate purchase price of $100 million, exclusive of commissions . Wednesday's repurchase authorization is in addition to previously-announced repurchase authorizations totaling $1.9 billion . Shareholders rejected proposal to approve amendment to bylaws to adopt "proxy access" bylaw . Shareholders voted in favor of all nominees for election of directors . Shareholders approved proposal to allow shareholder owning aggregate of 3% or more stock submit candidates for election to board .Shareholders rejected proposal allowing shareholder owning not less than 5% stock to submit candidates for election to board.  Full Article

Chipotle Mexican Grill Inc - Former Chipotle Employees Go After Company in Court - 24/7 Wall St
Wednesday, 23 Mar 2016 09:40am EDT 

Chipotle Mexican Grill Inc:The E. coli and norovirus outbreaks at Chipotle Mexican Grill Inc. have been all over the business news pages in recent months. - 24/7 Wall St.Less well-known are the company's troubles with unhappy workers and investors.The investor lawsuits were predictable. Anytime a company fouls up anything, the class action lawsuits start arriving in the mail.But the company has also been hit with a slew of lawsuits alleging sexual harassment, failure to pay workers overtime and dicey hiring practices.Chipotle was even investigated in 2010 when it had to fire 450 undocumented workers, according to a report in the New York Post.Like most other companies hit with lawsuits from disgruntled employees, Chipotle believes that most are driven by ambulance-chasing lawyers, not employees.A company spokesperson also told the Post that Chipotle has "a very successful track record defending these claims, with the vast majority of them either dismissed or resolved in our favor.".But last month the company paid $600,000 in a gender discrimination case to three Cincinnati women who were fired from their positions as general managers.In September a class action suit was filed alleging that Chipotle violated the Fair Credit Reporting Act by requiring job applicants to sign a background check consent form that was embedded in a general consent agreement.  Full Article

Chipotle Mexican Grill Inc board of directors has approved the investment of up to an additional $300 million
Tuesday, 2 Feb 2016 04:30pm EST 

Chipotle Mexican Grill Inc:Board of Directors has approved the investment of up to an additional $300 million, exclusive of commissions, to repurchase shares of common stock.  Full Article

Chipotle Mexican Grill Inc - Officials close Chipotle in Seattle for food safety violations - Reuters
Thursday, 10 Dec 2015 06:08pm EST 

Chipotle Mexican Grill Inc:Health officials shut down a Chipotle Mexican Grill Inc CMG.N restaurant in Seattle on Thursday after finding "repeated food safety violations," according to a statement from the Seattle & King County public health department - RTRS.The restaurant on Westlake Avenue is one of 17 in the county that had re-opened last month after passing inspections following an E. Coli outbreak -RTRS.  Full Article

Chipotle Mexican Grill Inc - College says 141 students reported to health services with norovirus symptoms after eating at Chipotle - Reuters
Thursday, 10 Dec 2015 03:48pm EST 

Chipotle Mexican Grill Inc:Boston College - The Mass. Department of Public Health has informed us that there are no other pathogens present in the specimens tested thus far - RTRS.Boston College-remaining tests are expected to be returned by tomorrow, but clear expectation is that illness on campus is limited to norovirus - RTRS.Boston College - 141 students reported to health services with norovirus symptoms as of Dec. 10 after eating at Chipotle - RTRS.Boston College - 12 students with norovirus symptoms who did not eat at Chipotle have reported to health services - RTRS.  Full Article

Chipotle Mexican Grill Inc - Norovirus found in tests of shuttered Boston Chipotle -officials - RTRS
Tuesday, 8 Dec 2015 05:18pm EST 

Chipotle Mexican Grill Inc:Tests of a temporarily shuttered Boston outlet of the Chipotle Mexican Grill Inc CMG.N chain tied to reports of dozens of sickened college students indicated the presence of norovirus, the Boston Public Health Commission said on Tuesday - RTRS."There are currently 65 known case reports that include Boston College residents, students, and non-BC patrons, but the information is constantly evolving," the commission said in a statement. "The restaurant is temporarily closed while ISD and BPHC continue investigations. - RTRS.Chipotle has been under a microscope since Oct. 31, when it was first linked to an E. coli outbreak that has sickened 52 people in nine states. - RTRS.  Full Article

Chipotle Mexican Grill Inc - -Chipotle E. coli outbreak reaches six states, shares tumble - Reuters
Friday, 20 Nov 2015 09:10pm EST 

Chipotle Mexican Grill Inc:More than 40 people have fallen ill with E. coli food poisoning after eating at Chipotle Mexican Grill restaurants in six different states, federal health officials said on Friday, sending shares of the burrito chain to an 18-month low - RTRS.The outbreak expanded with new Chipotle-linked E. coli cases reported in California, Ohio, New York and Minnesota, the U.S. Centers for Disease Control and Prevention said - RTRS.The CDC said 45 people got sick from the E. coli O26 outbreak strain, and of those, 43 reported eating at Chipotle - RTRS.Sixteen people have been hospitalized and no deaths have been reported - RTRS.Chipotle's tagline is "Food with Integrity", and it has a reputation for serving healthy, fresh food - RTRS.This outbreak, the company's third food safety lapse this year, has been a black mark for the popular chain that saw its shares tumble 12.3 percent to $536.19 on Friday - RTRS.  Full Article

Chipotle Mexican Grill Inc - Chipotle E. coli outbreak suspected in three new states - Reuters
Friday, 20 Nov 2015 02:43pm EST 

Chipotle Mexican Grill Inc:The Centers for Disease Control and Prevention said on Friday that three additional states reported E. coli infections of the same strain as the Chipotle CMG.N outbreak - RTRS.The CDC said 45 people are infected with the E. coli outbreak strain, and of those, 43 reported eating at Chipotle - RTRS.  Full Article

Chipotle Mexican Grill Inc - Number of confirmed E. coli cases linked to Chipotle rises to 40 - Reuters
Thursday, 5 Nov 2015 05:11pm EST 

Chipotle Mexican Grill Inc:The number of confirmed E. coli food poisoning cases linked to Chipotle Mexican Grill Inc restaurants in Washington state and Oregon rose to 40 on Thursday, as health safety officials continued searching for the source of the contamination - RTRS.Oregon increased its confirmed case count to 12 from 10 on Wednesday - RTRS.Washington lowered its count to 28 after additional testing ruled out one case that was suspected to be linked to the outbreak - RTRS.Eight Chipotle restaurants in the greater Seattle and Portland areas are linked to the outbreak. As a precaution all of the chain's 43 restaurants in those markets have been closed since Oct. 31 - RTRS.Investigators suspect that contaminated produce is the source of the outbreak, but they have not yet pinpointed the culprit - RTRS.  Full Article

More From Around the Web

Chipotle says a third of directors will not seek re-election

Chipotle Mexican Grill Inc, which has been under pressure from activist shareholder Bill Ackman, on Friday said four of its 12 directors would not stand for re-election at the burrito chain's upcoming shareholder meeting.