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Chipotle Mexican Grill Inc (CMG)

CMG on New York Consolidated

414.94USD
24 Mar 2017
Change (% chg)

$0.06 (+0.01%)
Prev Close
$414.88
Open
$414.82
Day's High
$417.78
Day's Low
$412.67
Volume
279,444
Avg. Vol
969,663
52-wk High
$480.62
52-wk Low
$352.96

Latest Key Developments (Source: Significant Developments)

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

Chipotle Mexican Grill announces it will open a new burger restaurant called "Tasty Made" this fall in Lancaster - CNBC
Thursday, 28 Jul 2016 12:56pm EDT 

:Chipotle Mexican Grill announces it will open a new burger restaurant called "Tasty Made" this fall in Lancaster - CNBC.  Full Article

Chipotle to increase free food giveaways in Q3,Q4 2016 new program, chiptopia
Friday, 22 Jul 2016 06:47am EDT 

Chipotle Mexican Grill Inc : Says its new customer frequency program, chiptopia, expected to result in increases in free food giveaways during Q3 & Q4 of 2016 Source: (http://bit.ly/29RvxOG ) Further company coverage: [CMG.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Chipotle Mexican Co-CEO- Still very early to draw conclusions on sustainability of July trends
Thursday, 21 Jul 2016 05:30pm EDT 

Chipotle Mexican Grill Inc : On conf call- 30 percent of all transactions participating in Chiptopia . Exec on conf call- "have never ruled out additions to our menu" . Exec on conf call- chorizo being well received by customers . Exec on conf call- were surprised to learn of Mark Crumpacker's issues . Co-CEO- have realigned incentives for store managers . Chairman- optimistic that Chiptopia summer rewards program will help lead to a sustained higher sales recovery . Executive- anticipate we'll have a loyalty program after chiptopia, not sure if it will be permanent or temporary . Co-CEO- realigned some of the success measures for restaurant managers and teams, changed how manager bonuses are calculated, with greatest empahsis on food safety . Co-CEO- believe majority of our loyal customer base has returned but not visiting as frequently . Co-CEO- still very early to draw conclusions on sustainability of July trends . Co-CEO- marketing programs will continue at a robust pace . Executive- "very very likely we'll have something to follow on when Chiptopia ends in September" Further company coverage: [CMG.N] (Bengaluru Newsroom: +1 646 223 8780).  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.