Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) are down 8.9% at 12:10 p.m. EDT on June 28, following yesterday's press release and presentation discussing the company's new strategies to reignite growth at the erstwhile high-growth burrito chain. After market close on June 27, Chipotle management held a call with analysts discussing the company's plans to relocate and consolidate its headquarters, the closure of 55 to 65 existing restaurants, its plans for marketing and promotion, and new menu item development.
So whatA combination of things likely impacted the market's view of Chipotle's stock following the presentation of its new strategy. To start, the company announced it would close between 55 and 65 existing restaurants, including all five of its Pizzeria Locale locations outside the Denver area, over the next several quarters.
Image source: Chipotle.
Hot Energy Stocks To Watch Right Now: PriceSmart, Inc.(PSMT)
PriceSmart, Inc. (PriceSmart), incorporated on August 17, 1994, business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart. The Company's operating segments are the United States, Latin America and the Caribbean. The warehouse clubs sell basic high quality consumer goods at low prices to individuals and businesses. The Company ships its United States and other internationally sourced merchandise directly to its warehouse clubs or to the Company's consolidation points (distribution centers).
The no-frills warehouse club-type buildings range in size from 48,000 to 1,00,000 square feet and are located primarily in urban areas. As of December 1, 2014, the Company had approximately 1.2 million member accounts and 2.3 million card holders. The Company had 36 consolidated warehouse clubs in operation in 12 countries and 1 U.S. territory (6 each in Costa Rica and Colombia; 4 each in Panama and Trinidad; 3 each in Guatemala, Honduras and in the Dominican Republic; 2 in El Salvador; and 1 each in Aruba, Barbados, Jamaica, Nicaragua, and the United States Virgin Islands), of which the Company owns 100% of the corresponding legal entities.
Advisors' Opinion:- [By Motley Fool Transcribers]
Pricesmart Inc (NASDAQ:PSMT)Q2 2019 Earnings CallApril 10, 2019, 10:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
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Bank of America Corp. (NYSE: BAC) announced plans to raise its minimum wage to $20. The bank plans to hike its minimum wage from $17 on May 1 and do so in two increments over the next two years. The decision comes a year ahead of a critical presidential election that will see a wide debate over minimum wage, universal basic income, and living wages. Keep a close eye on Boeing Co. (NYSE: BA). The firm will announce the number of planes it plans to deliver during the first quarter on Tuesday. The number is critical to analysts who have watched the company fail to deliver any 737 Max planes over the last two weeks. The firm halted deliveries of the aircraft after two crashes involving the same model occurred in the last six months. Look for earnings reports from Shaw Communications Inc. (NYSE: SJR), PriceSmart Inc. (NASDAQ: PSMT), WD-40 Co. (NASDAQ: WDFC). This Is How You Can Grow Incredibly Rich Buying Straight-Up StocksRight now, even with all the market uncertainty, there's truly a ridiculous amount of money to be made from stocks if you follow this secret.
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Hot Energy Stocks To Watch Right Now: Curis, Inc.(CRIS)
Curis, Inc., a biotechnology company, engages in the discovery and development of drug candidates for the treatment of human cancers. The company develops CUDC-907, an oral small molecule inhibitor of histone deacetylase and phosphatidylinositol-3-kinase enzymes, which is in Phase I clinical trials for advanced lymphomas and multiple myeloma; and HER 2-/ ER+ or PR+ breast cancer, and NUT midline carcinoma. It also develops CUDC-427 that is in Phase I clinical trials for advanced solid tumor and lymphomas; programmed death ligand-1 antagonist, which is in preclinical stage for the treatment of cancers; small molecule Interleukin-1 receptor-associated kinase 4 inhibitor that is in preclinical stage for the treatment of hematological cancers; and CUDC-305 drug candidate, which is in trials in patients with systemic mastocytosis and glioblastoma multiforme for the treatment of cancers. In addition, the company offers Erivedge, an orally-administered small molecule hedgehog pathway inhibitor for advanced basal cell carcinoma (BCC). Its Erivedge is also in Phase II clinical trials for preceding excision and/or multiple BCC, and idiopathic pulmonary fibrosis. The company has collaboration agreement with Aurigene Discovery Technologies Limited for the discovery, development, and commercialization of small molecule compounds in the areas of immuno-oncology and precision oncology; and collaboration and license agreement with F. Hoffmann-La Roche Ltd. and Genentech Inc. for the development and commercialization of Erivedge. Curis, Inc. was founded in 2000 and is headquartered in Lexington, Massachusetts.
GSA Capital Partners LLP lessened its holdings in Curis, Inc. (NASDAQ:CRIS) by 82.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 342,022 shares of the biotechnology company’s stock after selling 1,571,186 shares during the period. GSA Capital Partners LLP owned about 1.03% of Curis worth $592,000 at the end of the most recent quarter. Get a free copy of the Zacks research report on Curis (CRIS) For more information about research offerings from Zacks Investment Research, visit Zacks.com Get a free copy of the Zacks research report on Curis (CRIS) For more information about research offerings from Zacks Investment Research, visit Zacks.com Ashford Hospitality Trust, Inc. is a publicly owned real estate investment trust. The firm engages in investment and management of properties in the hospitality industry. It invests in the real estate markets of the United States. The firm primarily invests in hotels with a focus on the ownership of upper-upscale and upscale full-service and select service hotels in primary, secondary and resort markets. It also invests in mid-scale and luxury hotels. The firm invests across all segments and at all levels of the capital structure, including direct hotel investments, first mortgages, mezzanine loans, construction loans, and sale-leaseback transactions. It primarily concentrates among Marriott, Hilton, Hyatt, and Starwood brands. Ashford Hospitality Trust, Inc. was founded in 1968 and is based in Dallas, Texas. Earlier this year, investors piled into economic reopening and travel stock names. This made sense. The media was playing up the “Roaring 20s” narrative as it was hoped that rapid vaccination rates and a surging economy would lead to a summer of vacations, partying, and pent-up enthusiasm. Ashford Hospitality Trust (NYSE:AHT) stock was one such winner amid this excitement. Shares of Ashtead Group plc (LON:AHT) have earned an average recommendation of “Buy” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 2,312.50 ($30.22). Ashford Hospitality Trust, Inc. (NYSE:AHT) shares fell 4% on Thursday . The company traded as low as $4.57 and last traded at $4.58. 1,165,419 shares traded hands during trading, an increase of 134% from the average session volume of 497,300 shares. The stock had previously closed at $4.77.Hot Energy Stocks To Watch Right Now: Ashford Hospitality Trust Inc(AHT)
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