Chipotle
Mexican Grill, Inc. (NYSE:CMG) soared 15.57% to $207.16
after climbing to its life time high of $207.23 earlier in the session on
Friday after reporting strong earnings results the previous day. The move
brought out positive comments from analysts Friday.
Bank of America Merrill Lynch raised estimates and
maintained a Buy rating for Chipotle Mexican Grill, Inc. . The Firm said “"We
continue to rate CMG shares Buy and are increasing our price objective from
$194 to $232 with our higher objective driven by applying a 30x P/E to our new
EPS estimate for 2012," wrote Merrill Lynch analysts Joseph T. Buckley,
Steven B. Barlow and Andrew M. Charles. "Our valuation objective is based
on a P/E to Growth (PEG) ratio of 1.5x our estimated 20% EPS growth rate for
2011-12 with that growth target expected to be far exceeded in 2010. We are
raising our EPS estimates from $5.10 to $5.44 for 2010, $6.10 to $6.50 for
2011, and $7.30 to $7.77 for 2012.
BJ's
Restaurants, Inc. (NASDAQ:BJRI) soared 17.60% to $33.95 and
made an all time high of $34.49 after
the restaurant operator reported quarterly net income rose by three-quarters as
revenue surged. More than 1.25 million shares have traded hands, compared to
its average volume of 204K shares.
After the market closed on Thursday, BJ's said
third-quarter net income rose to $5.5 million, or 20 cents per share, from $3.2
million, or 12 cents per share last, year. Revenue rose 20 percent to $128.8
million from $103.9 million. Analysts polled by Thomson Reuters, on average,
expected income of 19 cents per share on revenue of $124.2 million. Revenue in
restaurants open at least one year rose 6.7 percent.
priceline.com
Incorporated (NASDAQ:PCLN) soared 6% to $364.09 after hitting a
record high of $364.63 earlier in the session. The stock has jumped 63% so far
this year. It has a 52-week range of $364.63.
priceline.com Incorporated (priceline.com) is an online
travel company, which offers a range of travel services, including hotel rooms,
car rentals, airline tickets, vacation packages, cruises and destination
services. Internationally, the Company offer customers hotel room reservations
in over 90 countries and 32 languages.
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