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
3 Catalysts Drive JPMorgan's Downgrade Of Chipotle
Benzinga's Top Upgrades, Downgrades For January 17, 2017
Weekly Restaurant Report: ICR Conference Highlights, 2017 Dividend Pick (Seeking Alpha)
  • 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
Jan 2017JP MorganDowngradesOverweightNeutral
Jan 2017WedbushUpgradesUnderperformNeutral
Nov 2016GuggenheimDowngradesNeutralSell

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!