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Samara Asset Group PLC deploys its assets through Samara Alpha Management, which operates in fund-of-funds, hedge fund seeding, and technology platforms. Its purpose is to invest in emerging managers and builders in Bitcoin, fostering their growth and providing strength and guidance for their journey.

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Samara Asset Group PLC

Needham analyst Quinn Bolton reiterates Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Hold.

News

Reiteration

Analyst Ratings

INTC

Needham Reiterates Hold on Intel

WIIM

APLS

Apellis Pharmaceuticals shares are trading higher after the European Medicines Agency resets Pegcetacoplan review for geographic atrophy to day 180 of initial assessment.

CLSA reinstates H World Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) with a Buy and announces $47 price target.

Price Target

Initiation

HTHT

CLSA Reinstates Buy on H World Group, Announces $47 Price Target

Chipotle Mexican Grill Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) reportedly instructed its employees recently not to opt for chicken in their meals due to high demand but has now lifted the restriction.
Chipotle&nbsp;informed its U.S. employees through email&nbsp;about the reintroduction of chicken al pastor, citing challenges arising from its success,&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-25/chipotle-tells-workers-to-skip-chicken-as-customer-demand-surges?srnd=industries-v2&amp;sref=TBDibEcD" rel="noreferrer noopener">reported&nbsp;</a>Bloomberg.
The message from Chief Restaurant Officer Scott Boatwright requested employees to abstain from ordering chicken, stating it was to preserve&nbsp;supply for customers, as per the report.
Chipotle clarified that the directive was a request, not a mandate, and announced employees could resume ordering chicken as usual within a week.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38437634/chipotle-mexican-grill-is-in-a-league-of-their-own-7-analysts-revise-forecasts-afte" rel="noreferrer noopener">Chipotle Mexican Grill Is In A &#8216;League Of Their Own&#8217;: 7 Analysts Revise Forecasts After Q1 Results</a>
CEO Brian Niccol confirmed to Bloomberg that it was a temporary supply crunch but assured that the issue had been resolved with no ongoing challenges.
Employees at&nbsp;Chipotle&#8217;s only unionized U.S. store in Michigan voiced concerns over the company&#8217;s policy enforcement and the need for a secure union contract.
Chicken al pastor&nbsp;was highlighted&nbsp;as a successful marketing initiative&nbsp;contributing&nbsp;to increased sales in the first quarter.
Earlier this week, Chipotle said first-quarter revenue increased 14.1% year-over-year to $2.702 billion, which beat the analyst&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38417218/chipotle-mexican-grill-q1-earnings-revenue-beat-eps-beat-comparable-sales-up-7-and-more" rel="noreferrer noopener">consensus estimate of $2.675 billion</a>.
The fast-casual restaurant chain company reported adjusted earnings of $13.37 per share, which beat analyst estimates of $11.68&nbsp;per share.&nbsp;
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38360106/chipotle-to-spice-up-kuwait-city-new-location-marks-decade-long-international-expansion" rel="noreferrer noopener">Chipotle To Spice Up Kuwait City: New Location Marks Decade-Long International Expansion</a>
Chipotle Mexican Grill stock gained over 54% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Vanguard Total Stock Market ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>) and&nbsp;Invesco Food &amp; Beverage ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBJ#NYSE">PBJ</a>).
Price Action: CMG shares closed higher by 6.33% at $3,111.97 on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Equities

Media

General

Chipotle Requests Employees To Not Eat Chicken So They Can Sell More, Rescinds Soon

Biotech

Health Care

European Medicines Agency Has Reset The Review Of Apellis Pharmaceuticals' Intravitreal Pegcetacoplan For Geographic Atrophy To The Last Phase Of The Initial Assessment (Day 180). Apellis Anticipates An Opinion From CHMP No Later Than July 2024

Needham analyst James Ricchiuti maintains Plexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) with a Buy and raises the price target from $107 to $114.

PLXS

Needham Maintains Buy on Plexus, Raises Price Target to $114

Needham analyst Charles Shi reiterates KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) with a Hold.

KLAC

Needham Reiterates Hold on KLA

Newell Brands shares are trading higher after the company reported better than expected Q1 earnings and issued guidance.

Scotiabank analyst Patrick Colville initiates coverage on Tenable Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TENB#NASDAQ">TENB</a>) with a Sector Perform rating and announces Price Target of $47.

TENB

Scotiabank Initiates Coverage On Tenable Holdings with Sector Perform Rating, Announces Price Target of $47

Goldman Sachs analyst Kash Rangan maintains Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with a Buy and raises the price target from $450 to $515.

MSFT

Goldman Sachs Maintains Buy on Microsoft, Raises Price Target to $515

Scotiabank analyst Patrick Colville initiates coverage on Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) with a Sector Perform rating and announces Price Target of $46.

Scotiabank Initiates Coverage On Rapid7 with Sector Perform Rating, Announces Price Target of $46

AVTR

Avantor shares are trading lower after the company reported worse-than-expected Q1 sales results and reiterated FY24 guidance.

The BMP kit runs on Bio-Techne&#39;s Ella&trade;, a benchtop automated immunoassay platform leveraging Bio-Techne&#39;s R&amp;D Systems branded reagents to deliver accurate, reliable, and highly reproducible data in less than 90 minutes. Ella&#39;s microfluidic-based cartridges with separate channels enable precision multiplexing in a hands-free system, making it ideal for diagnostic clinical use. Novomol-Dx relied on a proprietary algorithm to develop the normative data, disease-associated data, and AI-based predictive algorithms for ocular surface and retinal conditions. The complete solution is branded as BioM-Pathfinder. The novel applications for the BMP kit are in Dry Eye Disease, Diabetic Retinopathy and patient stratification or monitoring associated with ocular surgeries and treatments.&nbsp;

Contracts

TECH

Bio-Techne And Novomol-Dx Have Announced The Development Of Bio-marker Pathfinder, An Ocular Biomarker Kit, As A Point-Of-Care Application

Southwest Airlines Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) may reconsider its traditional open seating policy, opting for assigned seats and premium options to attract younger travelers.
The potential change, marking a departure from its historic model, is under serious consideration. CEO Bob Jordan hinted at the airline&#8217;s evolving approach, emphasizing the importance of understanding and meeting customer expectations, reported&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-25/southwest-air-is-considering-ditching-unassigned-seating?srnd=industries-v2&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
This significant shift could be the most substantial adjustment since the airline&#8217;s inception in 1971.
The airline&#8217;s executives have been evaluating evolving passenger preferences, acknowledging the industry&#8217;s shift towards premium offerings, the report read.
However, they&#8217;ve maintained a cautious&nbsp;approach,&nbsp;awaiting confirmation of sustained trends.&nbsp;An official decision on seating arrangements, along with other strategic initiatives like red-eye flights, is anticipated at an investor day event in September, the report added.
In its earnings report yesterday, the company revealed its decision to close its operations at Bellingham International Airport, Cozumel International Airport,&nbsp;Houston&#8217;s&nbsp;George Bush Intercontinental Airport, and Syracuse Hancock International Airport.&nbsp;
Related:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38435109/southwest-airlines-record-passenger-numbers-overshadowed-by-q1-earnings-slump-and-boeing-setbacks" rel="noreferrer noopener">Southwest Airlines&#8217; Record Passenger Numbers Overshadowed By Q1 Earnings Slump And Boeing Setbacks</a>
Chief Commercial Officer Ryan Green highlighted Southwest&#8217;s historical aversion to altering its no-frills approach but acknowledged incremental changes over time.
Despite its initial resistance, the airline has embraced technology enhancements and expanded sales channels beyond its website.
With current flights often operating at&nbsp;full&nbsp;capacity, Southwest recognizes the need to address evolving customer expectations.
The potential shift in seating policy is under scrutiny, with careful consideration of its operational impact and alignment with customer preferences.
&#8220;There&#8217;s no decision,&#8221; Jordan affirmed, emphasizing the importance of data-driven insights to determine the best&nbsp;course of&nbsp;action.
Southwest Airlines stock lost over 11% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;U.S. Global Jets ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and&nbsp;IShares U.S. Transportation ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>).
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38412947/airline-passenger-rights-elevated-biden-administration-enforces-refund-rule" rel="noreferrer noopener">Airline Passenger Rights Elevated: Biden Administration Enforces Refund Rule</a>
Price Action: LUV shares closed lower by 6.96% at $27.26 on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image by Around the World Photos via Shutterstock

iShares Dow Jones Transportation Average Index Fund

JETS

Southwest Airlines May Ditch 'Open Seating' To Make More Money From 'Premium Seating' Options

Scotiabank analyst Patrick Colville initiates coverage on Qualys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>) with a Sector Perform rating and announces Price Target of $172.

QLYS

Scotiabank Initiates Coverage On Qualys with Sector Perform Rating, Announces Price Target of $172

SATS

EchoStar Corporation Says Unit  Hughes Network Systems Opens New Manufacturing Facility And Private 5G Incubation Center In Germantown, Maryland, To Boost Local Talent

Evercore ISI Group analyst Kirk Materne maintains Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with a Outperform and raises the price target from $475 to $485.

Evercore ISI Group Maintains Outperform on Microsoft, Raises Price Target to $485

Needham analyst Scott Berg reiterates SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) with a Buy and maintains $205 price target.