Chipotle Mexican Grill Inc. (NYSE: CMG) shares sank on Thursday after the burrito chain announced that it would be instigating a few changes to drive the brand forward. Apart from a marketing blitz and loyalty program, Chipotle will be closing some underperforming stores as well.
As part of its restructuring, Chipotle is shuttering 65 restaurants. The chain also will be adding “in-app” delivery of its products to about 2,000 restaurants by the end of the year.
The burrito chain said it would launch a customer loyalty program in 2019 and is exploring offering $2 tacos with a drink as part of a proposed “happy hour.”
The restructuring to execute on the strategy will require changes to the organization and to the culture, which will result in non-recurring charges during the second quarter and over the next several quarters. These non-recurring costs primarily relate to the moving of offices, the restructuring of the organization and closing underperforming restaurants. In aggregate, Chipotle expects these costs, together with a small amount of other unusual items, to be in the range of $115 million to $135 million.
Top Stocks To Invest In 2019: Opko Health Inc(OPK)
Advisors' Opinion:- [By Todd Campbell]
After the U.S. Securities and Exchange Commission (SEC) levied charges against Opko Health (NASDAQ:OPK) and billionaire CEO Phillip Frost last week, bargain hunters bid the company's share price up 15% on Monday.
- [By Keith Speights]
Shares of Opko Health, Inc. (NASDAQ:OPK) were down 18% as of 3:34 p.m. EDT on Friday after the Securities and Exchange Commission (SEC) charged 10 individuals, along with 10 entities associated with these individuals, with fraud. Both Opko Health and its CEO, Phillip Frost, were named in the charges. Trading of the stock was also halted.
- [By George Budwell]
Shares of the diversified healthcare company Opko Health, Inc. (NASDAQ:OPK) gained a healthy 27.6% last month, according to S&P Global Market Intelligence. What sparked this double-digit rally?
- [By Logan Wallace]
OPKO Health (NASDAQ:OPK) shot up 2.3% on Monday . The stock traded as high as $4.31 and last traded at $4.17. 127,421 shares traded hands during trading, a decline of 98% from the average session volume of 5,550,241 shares. The stock had previously closed at $4.27.
- [By VantagePoint]
OPKO Health, Inc. (NASDAQ: OPK) follows a similar pattern, but to the downside. The market had a crossover to the upside in mid-April when that blue line made the cross above the black line. All of this indicated to traders that an uptrend was beginning. But over the last three trading days the stock appears to have entered a downtrend, as the two lines have crossed back over. This will be one to watch for further potential downside activity.
- [By Paul Ausick]
Opko Health Inc. (NASDAQ: OPK) dropped nearly 7% Wednesday to post a new 52-week low of $4.28 after closing at $4.60 on Tuesday. The stock’s 52-week high is $9.01. Volume was around 7.7 million, nearly double the daily average of around 4.3 million. The company had no specific news.
Top Stocks To Invest In 2019: Kimball Electronics, Inc.(KE)
Advisors' Opinion:- [By Logan Wallace]
First Trust Advisors LP lifted its position in Kimball Electronics Inc (NASDAQ:KE) by 18.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,252 shares of the electronics maker’s stock after purchasing an additional 4,611 shares during the period. First Trust Advisors LP owned about 0.11% of Kimball Electronics worth $554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Stephan Byrd]
BidaskClub lowered shares of Kimball Electronics (NASDAQ:KE) from a hold rating to a sell rating in a research note released on Thursday.
Separately, TheStreet lowered Kimball Electronics from a b rating to a c+ rating in a research note on Wednesday, November 7th.
Top Stocks To Invest In 2019: Cliffs Natural Resources Inc.(CLF)
Advisors' Opinion:- [By Tyler Crowe, Sean Williams, and Brian Stoffel]
So we asked three Motley Fool contributors to each highlight a stock they see as a great value investment today. Here's why they picked Walmart (NYSE:WMT), Bank of America (NYSE:BAC), and Cleveland-Cliffs (NYSE:CLF).
- [By Garrett Baldwin]
Earnings season is well underway. And if you're looking to make real money, the time to get started is now. Money Morning Quantitative Specialist Chris Johnson argues the markets are at a tipping point. And with just a few smart plays in today's classic stock picker's market… you can pull in triple-digit gains with just a small investment. Read those picks right here.
The Top Stock Market Stories for Friday General Electric Co. (NYSE: GE) leads the earnings calendar as reporting for the second quarter moves into full swing. The Boston-based conglomerate is expected to report earnings per share (EPS) of $0.18 on top of $29.76 billion in revenue. Former Dallas Federal Reserve Bank Vice President Jerry O'Driscoll offered some choice words for the U.S. central bank. In an interview with CNBC, O'Driscoll warned that the Fed is being "very aggressive" with interest rate policy in 2018. He warned the central bank is ignoring important factors like a rising dollar and the flattening yield curve. The former bank executive argued that he doesn't see the case for additional rate hikes in the year ahead. This is one reason why investors should protect themselves from any downside caused by the Fed. According to The Wall Street Journal, three top cybersecurity officials are departing their positions at the FBI. The departures are planned due to their ongoing concerns about cybersecurity attacks from abroad and disagreements with the Trump administration. Three Stocks to Watch Today: MSFT, SKX, SNA Shares of Microsoft Corp. (Nasdaq: MSFT) popped more than 3.2% after the cloud computing and software giant topped earnings expectations after the bell Thursday. The company topped $100 billion for its fiscal 2018. This is the first time that it has ever reached this revenue level for a year. The firm reported EPS of $1.13, topping Wall Street estimates by $0.05. The firm reported revenue of $30.09 billion, besting expectations of $29.21 billion. Shares of Snap-on - [By Tyler Crowe]
Two stocks that look as though they are still being judged based on their former selves despite being fundamentally different are iron ore producer Cleveland Cliffs (NYSE:CLF) and renewable-power yieldco TerraForm Power (NASDAQ:TERP). Here's why investors might be scared off by their respective histories but why you should ignore the past and take a look at these stocks today.
No comments:
Post a Comment