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Chipotle Mexican Grill Inc (CMG)

CMG on New York Consolidated

339.98USD
24 Jul 2017
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$0.00 (+0.00%)
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$339.98
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$499.00
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$336.52

Latest Key Developments (Source: Significant Developments)

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

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

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Analysts cut Chipotle stock target, question menu price hikes

LOS ANGELES Shares of Chipotle Mexican Grill Inc lost more ground on Monday, after analysts cut stock price targets and raised doubts about whether the burrito chain can raise menu prices to offset higher costs.