Market Overview

UPDATE: JP Morgan Cuts CMG FY 2016 EPS Est From $15.83 To $14.02, Calls Consensus Of $16.65 'far too high'

Share:
Related CMG
Bill Ackman's Pershing Square Q3 Shareholder Letter Weighs In On Valeant, Chipotle
Chipotle Is Having Its Second-Worst Day Of 2016
Bill Ackman Comments on Chipotle Mexican Grill (GuruFocus)
  • Chipotle shares are unchanged as of 5:34AM edt Tuesday. JP Morgan downgraded shares to Neutral, cuts EPS estimates for FY 2016 and Fy 2017. In Tuesday's note the analyst notes the CDC newest e. coli case is now a reason for "rational and informed customers" to think twice before choosing Chipotle over the myriad of other fast casual choices.  JP Morgan also is lowering Q4 comps to down -13 percent vs. company guidance of down 8-11 percent.  
  • Chipotle Linked To Different 'Rare' E. Coli In CDC Update Read more: http://www.benzinga.com/news/15/12/6066078/chipotle-linked-to-different-rare-e-coli-in-cdc-update#ixzz3v2oGMNNV

Latest Ratings for CMG

DateFirmActionFromTo
Nov 2016GuggenheimDowngradesNeutralSell
Oct 2016Goldman SachsMaintainsNeutral
Oct 2016Credit SuisseDowngradesOutperformNeutral

View More Analyst Ratings for CMG
View the Latest Analyst Ratings

Posted-In: News Downgrades Restaurants Analyst Ratings General

 

Related Articles (CMG)

View Comments and Join the Discussion!