Analyst Downgrades: Chipotle Mexican Grill, Inc., Skyworks Solutions Inc, and Skechers USA Inc

Analysts downwardly revised their ratings and price targets on Chipotle Mexican Grill, Inc. (NYSE:CMG), Skyworks Solutions Inc (NASDAQ:SWKS), and Skechers USA Inc (NYSE:SKX)

Jul 22, 2016 at 10:08 AM
facebook X logo linkedin

Analysts are weighing in on burrito chain Chipotle Mexican Grill, Inc. (NYSE:CMG), semiconductor stock Skyworks Solutions Inc (NASDAQ:SWKS), and footwear specialist Skechers USA Inc (NYSE:SKX). Here's a quick roundup of today's bearish brokerage notes on CMG, SWKS, and SKX.

  • CMG's second-quarter earnings fell short of analyst estimates, as last year's string of food-borne illnesses continue to haunt the quick-service restaurant chain. The quarterly miss was enough to prompt price-target cuts at Jefferies (to $330), Barclays (to $395), and Nomura (to $405). Despite this dismal backdrop, shares of Chipotle Mexican Grill, Inc. are up 0.2% at $419.12, though their year-over-year deficit still stands at 42%. While there's no shortage of skeptics circling CMG, short-term options traders are more call-heavy than usual. Specifically, the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.96 rests lower than 66% of all comparable readings taken in the past year.

  • SWKS is down 8.8% at $64.69, as a round of price-target cuts overshadows the company's stronger-than-forecast fiscal third-quarter earnings and a price-target hike to $73 from $70 at CLSA. Included in the bunch of downbeat analyst notes was one from BMO, which lowered its price target to $65 from $69. Although the vast majority of analysts maintain a "buy" or better rating toward Skyworks Solutions Inc, the stock has been in the bearish crosshairs of late. Should the shares extend their downward trajectory -- SWKS stock is off 37% year-over-year -- another round of bearish brokerage notes could be on the horizon.

  • SKX has plunged 22% to trade at $25.16 -- and is on the short-sale restricted list -- as the firm's second-quarter earnings took a hit from "challenges in the domestic retail space." Today's negative price action is just more of the same for a stock that's surrendered nearly 39% over the past 12 months, and earlier panned an annual low of $24.16. Nevertheless, options traders at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have bought to open calls over puts at a faster-than-usual clip of late, per Skechers USA Inc's 10-day call/put volume ratio of 4.18 -- in the 92nd annual percentile.
Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI