Release

Today’s Research Reports on Stocks to Watch: Blink Charging and Chipotle Mexican Grill

Blink Charging Co. shares skyrocketed yesterday after posting stellar first quarter results. Shares of Chipotle Mexican Grill also saw big gains after an Argus analyst upgraded the stock and gave it a $540 price target.

RDI Initiates Coverage on:

Blink Charging Co.
https://rdinvesting.com/news/?ticker=BLNK

Chipotle Mexican Grill, Inc.
https://rdinvesting.com/news/?ticker=CMG

Blink Charging Co. shares closed up 31.68% on Wednesday on about 26.7 million shares traded. The leading owner, operator, and provider of electric vehicle charging equipment posted first quarter earnings results yesterday. For the quarter, total assets saw a growth of 335.4% from $2.7 million to $11.7 million. Net income also increased from a loss of $3.1 million to profit of $2.2 million. Founder Michael D. Farkas, stated, "2018 is already turning out to be a transformative year for Blink Charging Co. as we have launched into a new stage of growth following our $18.5 million public offering on Nasdaq in February. Our financials are showing the result of coordinated and strategic deployment of charging stations and an increased revenue from our charging service. We are focused on the nationwide growth of charging stations at commercial and residential properties so that we will be present and accessible as millions of EV drivers begin pouring into cities across the country. We believe investment in technology will further drive property owners to adopt our various business model offerings so that they can take part in what is the beginning of a mass market EV adoption by the public.”

Access RDI’s Blink Charging Co. Research Report at:
https://rdinvesting.com/news/?ticker=BLNK

Chipotle Mexican Grill, Inc. shares closed up 4.25% yesterday on nearly 1.9 million shares traded. The Mexican burrito fast-food restaurant chain had an exciting day after some positive comments from an Argus analyst. Analyst John Staszak has upgraded the stock from "hold" to "buy" and gave it a $540 price target. According to Staszak, the company’s newly appointed CEO Brian Niccol is bringing the necessary leadership to spur accelerating same-store sales and earnings growth over the coming years. According to the analyst, the stock’s current levels, at 40.9x 2019E EPS, fail to value the company’s prospects for growing same-store sales and earnings growth. Staszak has noted that this is below the midpoint of Chipotle’s 10-year annual average of 16x to 76x. It was at the end of last month that Chipotle reported a mixed first quarter earnings report.

Access RDI’s Chipotle Mexican Grill, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CMG

Our Actionable research on Blink Charging Co. (NASDAQ: BLNK) and Chipotle Mexican Grill, Inc. (NYSE: CMG) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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