Chipotle Mexican Grill (CMG) call put ratio 1 to 1 after CEO leaves for Starbucks (SBUX)

William Blair Reiterates Outperform Rating on Chipotle Mexican Grill (CMG)

William Blair analyst Sharon Zackfia reiterated an Outperform rating on Chipotle Mexican Grill (NYSE: CMG).

The analyst comments "Chipotle announced the surprise departure of Chairman and CEO Brian Niccol on August 31 to join Starbucks as chairman and CEO. Niccol joined Chipotle in early 2018 and has been key in the company, refining its new product innovation through a strict stage gating process, amplifying its marketing message, building its digital ecosystem, and creating a deeper, more experienced management bench. That... More

Chipotle Mexican Grill (CMG) PT Lowered to $59 at Evercore ISI

Evercore ISI analyst David Palmer lowered the price target on Chipotle Mexican Grill (NYSE: CMG) to $59.00 (from $65.00) while maintaining a Outperform rating.

The analyst comments "We are trimming our target multiple for Chipotle due to the CEO transition. Although we have the... More

Stifel Reiterates Buy Rating on Chipotle Mexican Grill (CMG)

Stifel analyst Chris O\'Cull reiterated a Buy rating and $70.00 price target on Chipotle Mexican Grill (NYSE: CMG)

The analyst comments "Our View: We maintain our Buy following the announcement that CEO Brian Niccol is leaving to become CEO of Starbucks. The strategic... More

Deutsche Bank Defends Chipotle Mexican Grill (CMG): 'outsized pullback as a buying opportunity'

Deutsche Bank analyst Lauren Silberman reiterated a Buy rating and $67.00 price target on Chipotle Mexican Grill (NYSE: CMG)

The analyst comments "On 8/13, CMG announced that Chairman and CEO Brian Niccol would be stepping down, effective 8/31, as he has accepted the role as Chairman and CEO of... More

Chipotle stock price plunges as CEO to leave and join Starbucks

Chipotle Mexican Grill (NYSE: CMG) saw its shares plunge by more than 13% on Monday following the announcement that Brian Niccol, the company's Chairman and CEO, will be leaving to become the new CEO of Starbucks (NASDAQ: SBUX).

The stock drop reflects investor concerns over the potential impact of Niccol's departure on Chipotle's ongoing turnaround efforts. Meanwhile, Starbucks shares surged over 22%.

Niccol, who has been... More