It still looks to me that they are headed to their true value which I think is still in the area of sub $150 per share. They simply do not have the growth metrics to drive this stock up and their value metrics are way low. Presently they are having trouble meeting their low expectations. From Benzinga article: "Founder Steve Ells is among those dissatisfied “We are not offering the necessary guest experience,” he admitted. Banjo pointed out some troubling statistics for Chipotle and its investors. In the first half of 2016, 78 percent of Chipotle’s least-frequent customers abandoned the restaurant. Ironically, Banjo pointed out that Chipotle management said lines at Chipotle restaurants have returned, but this time, it’s because throughput is down. Chipotle investors were hoping those lines were an indication of increasing demand. Nations Restaurant News editor Jonathan Maze tweeted that Chipotle’s two-year same-store sales have fallen 19.3 percent in the first three quarters of 2016."
CMG tanked this week after the CEO hinted guidance might not be met and its a buy below $350 over the next three months.
Chipotle's Conference Call Leaves Nomura Sidelined As Shift Continues Away From Food Safety http://benzinga.com/z/8804590 CMG
Chipotle strikes new agreement with Pershing Square, names four new board members http://www.cnbc.com/2016/12/16/chip...hing-square-names-four-new-board-members.html
This will be $550 plus within half year of 2017, sme sales are growing exceptionally higher compared with the same sales of the Ecoli hit stores
Ackman wants the stock to go up and that’s why integrated three of his own into CMG mgmt. Not only now company will improve but also the 3 months charts are clearly indicating that it has found its base & trading at its base.
Was reading about a restaurant bubble this weekend. To me, it seemed less applicable to chain restaurants but we'll see.
$CMG Digital ordering could be the next step in the company’s turnaround. Chipotle’s illness outbreaks are fading further into the past, but the effect still lingers Chipotle Mexican Grill Inc. is expected to report fourth-quarter earnings on Thursday after the closing bell.
CMG is still in a dangerous area, but it looks like it could be up. Yet if it dips, it could go a long way down. AMZN looks good. Don't forget their AWS.
The last week has either been company repurchase or pure market manipulation. Low volume stock spike every morning with no follow through.
