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

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  • 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
Jul 2017BarclaysMaintainsEqual-Weight
Jul 2017BMO CapitalDowngradesOutperformMarket Perform
Jul 2017Wells FargoDowngradesOutperformMarket Perform

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Posted-In: News Downgrades Restaurants Analyst Ratings General

 

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