chipotle mexican grill posts
FeedPosted Aug 2nd 2007 3:05PM by Georges Yared (RSS feed)
Filed under: Forecasts, Deals, Chipotle Mexican Grill'A' (CMG), Books, , , 25 Stocks for Next 25 Years, , Zoltek Co (ZOLT)
In my book about Baby Boomer investing I highlight what I feel are the five major growth industries going forward. The industries are health care, alternative energy, technology, communications and lifestyle. I also mention 42 companies within those industries that could be the leaders, the game changers. Since the book has been published, five of the 42 stocks I wrote about are being acquired!
The latest one to go is Checkfree (NASDAQ: CKFR). Fiserve (NASDAQ: FISV) has announced its $4.4 billion bid. Checkfree made our banking-transactional life much easier. The other four that will be part of larger companies are Opsware (NASDAQ: OPSW), Color Kinetics (NASDAQ: CLRK), aQuantive (NASDAQ: AQNT) and Kyphon (NASDAQ: KYPH). Other than aQuantive, the other three were also part of my Top 25 stocks for the NEXT 25 years series.
As the 42 companies are down to 37, it causes some reflection for the future. Great, emerging companies will always be on the radar screen of larger, well-financed suitors. If growth cannot be internally generated through research and development efforts, larger companies will need to acquire growth and next generation products or technology. With interest rates still historically low, the borrowing necessary to buy these young, up-and-comers is not a significant issue. Investors will reward mature companies if they acquire intelligently and strategically.
Continue reading Checkfree, another one of my picks, gets bought out
Posted Aug 2nd 2007 12:35PM by Kevin Kelly (RSS feed)
Filed under: Earnings Reports, Columns, Chipotle Mexican Grill'A' (CMG)
As I explained here and here, I believed Chipotle Mexican Grill (NYSE: CMG) would be among the only restaurant stocks to deliver this quarter. So far, that thesis seems just about right. After the bell on Tuesday Chipotle reported an incredible quarter and the stock flew 12%. As you can see from the chart on the right, the stock is among the only restaurant stocks performing well recently.
But you want to know what to do now. If I were long the stock, I'd raise my stop closer to the current price to ensure I protect my profits.
While I do believe Chipotle is an incredible company, I think the stock is going to sell-off in the next several months as the news flow quiets and investors realize that the stock is trading for 70x earnings. I don't think that this valuation is justifiable when another solid earnings report is now three months away and monthly comp numbers are only so much of a catalyst.
Chipotle is not going anywhere but further as a company, however the stock is set to pull back after an incredible run in recent months following great news flows.
Posted Jul 31st 2007 3:50PM by Kevin Kelly (RSS feed)
Filed under: Columns, Chipotle Mexican Grill'A' (CMG)
Although I hold a very
negative short term view for the restaurant sector due to a wide variety of macroeconomic pressures, I think that
Chipotle Mexican Grill Inc. (NYSE:
CMG) is not going to disappoint the Street after the bell today -- a view I've held since my
first post on troubles in the restaurant space.
My positive view on Chipotle is rather easy to understand. Basically, I think the company's results for the second quarter are going to be roughly in-line with what the Street is expecting, easily appeasing it. However, more importantly, I expect the company to reiterate its guidance of 25%+ long term EPS growth. This move, in my opinion, will please investors -- especially those who had been hesitant to buy the stock due to weakness of the restaurant sector as a whole.
How can the company fight the current macro pressures facing the entire dining industry? Essentially, I think the company has been, and will continue to, raise prices. This quarter the company rolled out its all natural strategy in Colorado -- a move which I believe will allow the company to raise prices in this state and other states as the move is mimicked. In addition, the company is actually cutting costs on the labor front as a result of G&A leverage. Even though the company will note higher commodity costs, I think Wall Street will be satisfied that the company is managing to operate very well even in this tough environment.
It's all about sentiment on Wall Street and I think Chipotle is going to deliver a report that keeps investors happy.
Posted Jun 29th 2007 10:25AM by Kevin Shult (RSS feed)
Filed under: Chipotle Mexican Grill'A' (CMG), Analyst Initiations
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MOST NOTEWORTHY: The educational services industry, the Latin American airlines sector,
Asta Funding Inc (NASDAQ:
ASFI) and
Chipotle Mexican Grill Inc (NYSE:
CMG) were today's noteworthy initiations:
- William Blair assumed coverage of Apollo Group Inc (NASDAQ: APOL) and Strayer Education Inc (NASDAQ: STRA) with Outperform ratings and Career Education Corporation (NASDAQ: CECO) with a Market Perform rating. The broker also assumed coverage and downgraded DeVry Inc (NYSE: DV) to Market Perform from Outperform.
- Goldman Sachs initiated coverage on Copa Holdings (NYSE: CPA) with a Buy rating and $88 target, GOL Linhas Aereas Inteligentes SA (NYSE: GOL) and TAM SA (NYSE: TAM) with Neutral ratings and Lan Airlines SA (NYSE: LFL) with a Sell rating and $93 target; Lan Airlines was also initiated at Morgan Stanley with an Overweight rating and $105 target.
- Asta Funding was initiated at Kaufman Brothers with a Buy rating and $55 target. The firm believes the company should grow earnings at a midpoint of 20% over time, with near-term growth at 15% and longer-term growth at 20%-25%.
- Citigroup initiated shares of Chipotle Mexican Grill with a Buy rating and $100 target, as the firm expects the company will see unit growth at a rate in the high-teens while experiencing above-average SSS and some margin expansion.
OTHER INITIATIONS:
Posted Jun 8th 2007 10:36AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, McDonald's (MCD), 3M Corporation (MMM), Chipotle Mexican Grill'A' (CMG), Yum Brands (YUM), Analyst Initiations
MOST NOTEWORTHY: Restaurants,
CB Richard Ellis Group Inc (NYSE:
CBG) and
Jones Lang LaSalle Incorporated (NYSE:
JLL) were today's noteworthy initiations:
- Deutsche Bank initiated shares of McDonald's Corporation (NYSE: MCD) and Yum! Brands Inc (NYSE: YUM) with Buy ratings and a $61 target and $76 target, respectively, and shares of Panera Bread Company (NASDAQ: PNRA) and Chipotle Mexican Grill Inc (NYSE: CMG) with Hold ratings an a $54 target and $83 target, respectively.
- Wachovia initiated shares of CB Richard Ellis with an Outperform rating, as it views CBG as a compelling investment opportunity giving its leading position in the top real estate markets and breadth of services.
- Wachovia also initiated shares of Jones Lang LaSalle with an Outperform rating, as it expects JLL to benefit from international services given the increasing flow of real estate dollars across boarders and to less well developed regions of the globe.
OTHER INITIATIONS:
Posted Dec 22nd 2006 11:02AM by Melly Alazraki (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Chipotle Mexican Grill'A' (CMG), Research in Motion (RIMM), Red Hat Inc (RHT)
MOST NOTEWORTHY: Research in Motion (RIMM) and Micron (MU) were the most noteworthy upgrades this morning:
- Bear Stearns upgraded shares of Research in Motion Ltd. (NASDAQ:RIMM) to Outperform from Peer Perform, telling clients it sees further upside from new handset launches and continued expansion.
- First Albany upgraded shares of Micron Technology Inc. (NYSE:MU) to Buy from Neutral following the company's first-quarter report; the firm told clients that a weak first-half of 2007 has already priced into the shares but a strong second-half of 2007 has not.
OTHER UPGRADES:
- RBC Capital upgraded shares of Chipotle Mexican Grill Inc. (NYSE:CMG) to Outperform from Underperform, citing continued strong fundamentals and expectations that the company can meet or slightly beat first-quarter comp-store sales estimates.
- Red Hat Inc. (NYSE:RHT) was upgraded to Buy from Neutral at First Albany; the firm told clients that the company's Q3 report validates its thesis that the impact from Oracle Corp. (NASDAQ:ORCL) will be minimal, continued growth in RHEL deployments is likely, and pricing power is sustainable. Red hat was also upgraded by Citigroup to Hold from Sell and raised the target to $21 from $13.50.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Dec 4th 2006 10:55AM by Melly Alazraki (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Charles Schwab Corp (SCHW), Chipotle Mexican Grill'A' (CMG), Akamai Technologies (AKAM)
MOST NOTEWORTHY: Chipotle Mexican Grill (CMG) and Douglas Emmett (DEI) topped today's list of initiations.
- Chipotle Mexican Grill Inc. (NYSE:CMG) was initiated at Morgan Joseph with a Buy and $70 target, citing the restaurant's fast food unit growth, strong revenue growth and attractive valuation.
- Following its recent IPO, Douglas Emmett Inc. (NYSE:DEI) was initiated by several firms: at Merrill Lynch and Bank of America, with Neutral ratings; at A.G. Edwards and Citigroup, with Hold ratings; and at Lehman Bros., an Overweight rating.
OTHER INITIATIONS:
- Credit Suisse initiated Charles Schwab Corp. (NASDAQ:SCHW) with an Outperform rating and $24 target; the firm said Schwab's transformation is complete and growth should be driven by continued asset gathering, expense control and active capital management.
- Cowen started Akamai Technologies Inc. (NASDAQ:AKAM) with an Outperform rating, saying it believes Akamai dominates the CDN and ADN market and expects the company to continue to beat and raise guidance.
- RF Micro Devices Inc. (NASDAQ:RFMD) was initiated with an Underweight rating and Palm Inc. (NASDAQ:PALM) was initiated with an Equal Weight rating at Morgan Stanley.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
Posted Nov 14th 2006 11:45AM by Melly Alazraki (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Starbucks (SBUX), Chipotle Mexican Grill'A' (CMG)
MOST NOTEWORTHY: Specific restaurants and Autodesk (ADSK) top today's list of initiations.
- Robert W. Baird initiated coverage of Starbucks Corp. (NASDAQ:SBUX), Panera Bread Co. (NASDAQ:PNRA), Chipotle Mexican Grill, Inc. (NYSE:CMG) and Texas Roadhouse, Inc. (NASDAQ:TXRH) with Outperform ratings and P. F. Chang's China Bistro Inc (NASDAQ:PFCB) and Rare Hospitality International, Inc. (NASDAQ:RARE) with Neutral ratings.
- American Tech initiated Autodesk , Inc. (NASDAQ:ADSK) with a Buy rating and $12 target. The firm expects to see meaningful upside to 2008 consensus estimates and recommends investors to buy the stock on any pullback following Thursday's results.
OTHER INITIATIONS:
- Soleil initiated Openwave Systems, Inc. (NASDAQ:OPWV) with a Hold rating, citing unlikely outperformance due to their maturing product line and consolidating customer base.
- The Bank of America initiated F5 Networks, Inc. (NASDAQ:FFIV) with a Buy and $90 target. The firm said checks in the enterprise segment have been positive. In addition, Soleil said the company will soon enter a major product cycle with four launches.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
Posted Nov 9th 2006 6:24PM by Jon Ogg (RSS feed)
Filed under: After the Bell, Analyst Reports, Chipotle Mexican Grill'A' (CMG), Domino's Pizza (DPZ)
Tonight Jim Cramer took a page from a
TV man oh-so-like himself and kicked it up a notch! For his second feature stock on CNBC's
MAD MONEY, Cramer got hot and bothered over Chipotle Mexican Grill, Inc. (NYSE:CMG). What about pizza? Cramer says it's "out," after all, look at California Pizza Kitchen, Inc. (NASDAQ:CPKI), which is down 10% at $28.35 after-hours because of
cautioning that its outlook wasn't quite so tasty despite a great third quarter. When pizza is out? Fast Mexican food is in.
See, Cramer isn't just an investor. He's also a food critic. And this is a case where the food critic and the investor can come together for "burrito investing." Cramer said he was in denial that pizza sales were down and he thought it was maybe just a Domino's Pizza, Inc. (NYSE:DPZ) issue, but he was wrong. Domino's had had same store sales declines since Q4 of last year. Before Cramer even mentioned CMG the stock gapped over 2% to $58.00 in after-hours trading on NYSE/Archipelago trading.
Cramer calls burritos "the new pizza." Stay away from names like Papa John's Int'l, Inc. (NASDAQ:PZZA), says Cramer, as people are leaving for "Taco John's." Also of note in the hot Mexican trend is Jack in the Box Inc. (NYSE:JBX) for its Qdoba Mexican Grills (3% of JBX business), which he said that the place wasn't bad. Cramer said he is hesitant to be a BUY BUY BUY, but it has come down a bit. Cramer said that salsa is now the number 1 condiment in America. Cramer said you may never replace pizza in America, but investors need to be in burritos as people are eating more Mexican food than pizza. CMG & JBX are trumping PZZA & DPZ.
Jon Ogg is a partner in 24/7 Wall St., LLC; he does not own securities in the companies he covers. [
Photo Shane Adams]
Posted Nov 1st 2006 12:24PM by Melly Alazraki (RSS feed)
Filed under: Analyst Upgrades and Downgrades
MOST NOTEWORTHY: DreamWorks Animation (DWA) and Omnicare (OCR) led a moderate upgrade list Wednesday morning, as the Dow and Nasdaq both moved higher in early trading.
- Jefferies upgraded DreamWorks Animation, Inc. (NYSE:DWA) to Buy from Hold, target to $31.50, citing the company's 2007 film slate.
- Bear Stearns upgraded Omnicare, Inc. (NYSE:OCR) to Outperform from Peer Perform, with a $50 target, due to Tuesday's sell-off and valuation.
- Goldman Sachs upgraded Baidu.com, Inc. (NASDAQ:BIDU) to Neutral from Sell, target is $93, citing BIDU's Q3 report and conservative estimates.
- Wachovia upgraded Chipolte Mexican Grill, Inc. (NYSE:CMG) to Market Perform from Underperform, citing a better-than-expected Q3 report; the firm also has a $55-$61 valuation range for CMG.
OTHER UPGRADES:
- Citigroup upgraded Charter Communications (NASDAQ:CHTR) to Buy from Hold.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).
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