Former CFO Jack Hartung to remain with the organization indefinitely as President and Chief Strategy Officer, beginning October 1, 202415-year Chipotle veteran, Rymer, and 6-year veteran, McConnell, will assume their new roles, beginning October 1, 2024NEWPORT BEACH, Calif., Aug. 28, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced that it has accelerated the appointment of Adam Rymer to Chief Financial Officer, beginning October 1, 2024. Rymer will serve on Chipotle's executive leade ...

The new, limited time protein is available now in Nashville and SacramentoNEWPORT BEACH, Calif., Aug. 27, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced it is testing Chipotle Honey Chicken at 80 restaurants in Nashville, Tenn. and Sacramento, Calif. The latest chicken menu innovation will spice up guests' go-to-orders with a unique heat from chipotle peppers and a touch of sweetness from pure honey that is unlike any of its proteins yet.For a limited time, Chipotle Honey Chicken is ...

The stock is down but still trades at a premium valuation.A big shake-up just hit Chipotle Mexican Grill (CMG 0.49%). Longtime chief executive officer (CEO) Brian Niccol just announced a surprising departure to Starbucks. Niccol has been instrumental in delivering a turnaround for Chipotle after its foodborne illness outbreaks, leading the stock to 800% returns since joining in 2018, making it one of the best-performing stocks in the world over that time.Leaving a company -- especially for a competitor -- w ...

There's no need to panic about Brian Niccol's departure, but there are still some important unanswered questions about the fast-casual chain's future.On Aug. 13, Starbucks shocked the investing world when it hired the CEO of Chipotle Mexican Grill (CMG 0.49%) to be its next CEO. Brian Niccol has led Chipotle since 2018, and he oversaw dramatic improvements across the business.Some investors might feel like this hire is being overhyped. But consider that Starbucks was willing to absolutely break the bank to ...

Investors would be wise to keep these stocks on their watchlists, but not buy today.The market has gone on a wild ride this summer. Take the Nasdaq-100 index. In early July, it hit an all-time high, then subsequently fell over 10% in less than a month. Now, it has begun to rocket higher again, recovering most of these losses in the first half of August. Volatility is normal in the stock market, but this has been a wild ride for growth investors so far in 2024. Even if the financial pundits seem like they ar ...

文章核心观点 - 投资公司Pershing Square Capital Management的创始人Bill Ackman大幅减持了在Chipotle Mexican Grill的持股 [4][5] - Chipotle在2024年上半年股价大涨50%,但随后出现超过20%的下跌 [8] - Chipotle的股价下跌主要是由于CEO Brian Niccol突然离职,前往担任Starbucks的CEO和董事长 [11] 公司表现 - Chipotle 2023年全年每股收益同比增长38%,2023年第三季度每股收益同比增长超过27% [9] - 2024年第一季度每股收益同比增长近24%,调整后每股收益同比增长超过27% [9] - Chipotle在2024年上半年股价大涨50%,主要受益于公司业绩的强劲增长 [9][10] 行业动态 - Ackman同时增加了在Restaurant Brands International(旗下拥有Burger King、Firehouse Subs、Popeyes、Tim Hortons等连锁餐厅)的持股 [7] - Ackman对餐饮行业整体保持乐观态度 [7]

Leadership uncertainty might prompt investors to take a look at Cava.Many investors have debated whether the better fast-casual restaurant stock is Cava Group (CAVA -1.99%) or Chipotle Mexican Grill (CMG -1.33%). Considering that Cava is following Chipotle's playbook, in the Mediterranean food genre, and is a much smaller company, it is a worthy debate.However, the calculus changed upon the announcement last week that CEO Brian Niccol would be leaving Chipotle to take over the top job at Starbucks. Niccol w ...

Stephanie Link, Chief Investment Strategist & Portfolio Manager at Hightower Advisors, isn't shying away from Chipotle Mexican Grill Inc CMG despite its recent stock decline.The Newport Beach, California-based fast-casual franchise is down more than 20% since June 18. Link started a position in Chipotle when it was down over 13% on Tuesday, Aug. 13.“This was a name we were watching as the market declined because it is a high-quality business, and you typically don't get many opportunities to buy this name o ...

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?Tencent Music Entertainment Group TME shares dipped 18.18% after the company reported a second-quarter revenue miss. Several analysts cut the price target on the stock.Mobileye Global Inc. MBLY stock fell 5.92% last week. RBC Capital lowered its price target on the stock from $34 to $24.Rivian Automotive Inc.’s RIVN stock declined 5.37% after it reportedly halted production of the electric commercial van it mak ...

Chipotle is going through a transitional period, but its long-term potential remains strong.Chipotle (CMG -2.78%) has been one of my favorite fast-casual restaurants for quite some time now. It's also been an investor favorite during the past half-decade or so. It has far outperformed all three major indexes (S&P 500, Nasdaq Composite, and Dow Jones) and many top-class growth stocks during that span.Unfortunately for Chipotle investors, it's been a shaky ride since its 50-for-1 stock split in mid-June. The ...