Zacks.com users have recently been watching Chipotle (CMG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Bill Ackman is a well-known investor whose strategy centers on making concentrated bets in what he believes are high-quality businesses. The hedge fund he runs, Pershing Square Capital Management, has a solid track record over the past two decades.
Given Chipotle's (CMG -1.63%) recent stock performance, one has to wonder if it's still reeling from the sudden departure of former CEO Brian Niccol last summer. Eight months after Scott Boatwright became the company's new CEO, the stock is now down over 25% from its high.
Restaurants Industry | Consumer Cyclical Sector | Mr. Scott Boatwright CEO | CXA Exchange | US1696561059 ISIN |
Germany Country | - Employees | - Last Dividend | 26 Jun 2024 Last Split | 26 Jan 2006 IPO Date |
Chipotle Mexican Grill, Inc., along with its subsidiaries, operates a chain of fast-casual restaurants known for their distinctive approach to Mexican cuisine. The brand distinguishes itself by emphasizing quality ingredients and customizable menu options, catering to a broad audience with varying dietary preferences and needs. Founded in 1993, Chipotle has expanded its footprint beyond its home base in Newport Beach, California, to include locations in the United States, Canada, France, Germany, and the United Kingdom. The company's growth strategy focuses on leveraging both physical restaurant locations and digital platforms to enhance accessibility and convenience for its customers, thereby reinforcing its position in the competitive fast-casual dining sector.