How a new CEO could make a mark on the company.While Starbucks got a lot of positive press following the hiring of its new CEO, Brian Niccol, Chipotle Mexican Grill (CMG -2.78%) just lost the individual who had helped guide it successfully over the past six years. Let's look at the potential effect on the company and whether the stock is still a buy.CEO jumps ship to StarbucksBrian Niccol jumping ship to go from CEO of Chipotle to taking the reins at Starbucks shocked the investment world, sending shares of ...

Billionaire Bill Ackman has a substantial portion of his portfolio invested in Alphabet and Chipotle Mexican Grill.Billionaire Bill Ackman is the founder and CEO of Pershing Square Capital Management, a hedge fund that returned 183% in the five-year period that ended in June 2024. During the same period, the S&P 500 (^GSPC 0.20%) advanced just 102%.Ackman is no stranger to the public spotlight. His failures and successes have been widely chronicled by the media, including the $1 billion he lost betting agai ...

Chipotle Mexican Grill’s future may not be as bumpy as some shareholders fear upon the departure of CEO Brian Niccol, investors said.The burrito chain lost almost $6 billion in stock market value on Tuesday after it announced that Niccol will depart at the end of this month to become CEO of Starbucks. But Chipotle’s chief operating officer, Scott Boatwright, will serve as its interim CEO, and some investors said he will provide a steady hand. 3 Bill Ackman said Chipotle is in good hands with the team put ...

The burrito chain just lost its CEO, but some see a buying opportunity.It's been a wild week for Chipotle (CMG 2.69%) after star CEO Brian Niccol stepped down to take the top job at Starbucks.Shares of the burrito roller plunged on the news, falling as much as 14% before closing the session down 7.5%. Niccol does leave a void at the burrito chain, but Wall Street doesn't seem too alarmed.In fact, some analysts see the sell-off as a buying opportunity. Wedbush turns bullish on ChipotleWedbush just upgraded i ...

Many investors seem to be rushing to buy their favorite stocks after the latest market dip. Indeed, the bounce back from the near-correction for the S&P 500 seems almost as sudden as the plunge that began behind a weak jobs number. Though it seems like the coast has cleared, investors should always be cautious when chasing stocks after sizeable upward moves. The slate of economic data could get choppier from here, all while we approach what’s sure to be a hectic election season.Though markets can easily go ...

Chipotle Mexican Grill TodayCMGChipotle Mexican Grill$51.68 -4.19 (-7.50%) 52-Week Range$35.37▼$69.26P/E Ratio55.14Price Target$62.88Add to WatchlistThe news of Brian Niccol’s departure from Chipotle Mexican Grill NYSE: CMG is shocking but not a game-ender because of the culture he instilled in the business. His tenure as CEO altered more than the company’s reputation, setting it on a path for sustained growth that is unlikely to end. The fact that Starbucks NASDAQ: SBUX chose him to lead their ailing franc ...

After spending over six years as CEO of Chipotle Mexican Grill (NYSE: CMG), Brian Niccol announced his departure due to his new appointment at Starbucks (NASDAQ: SBUX), starting from September 1.During his tenure, CMX stock has risen over 773%, boasting a performance that was only matched by a few other companies from the S&P 500.The effect of Niccol’s departure was immediately felt, as CMG shares closed the August 13 trading session at $51.68 after losing 7.50%. However, pre-market trading shows signs of r ...

There's no cause for panic.Shares of burrito chain Chipotle (CMG -9.54%) tumbled as much as 14% Tuesday morning after CEO Brian Niccol stunned the industry by announcing his departure to take the top job at Starbucks (SBUX 20.16%).That sell-off wiped roughly $10 billion from Chipotle's market value, showing how respected Niccol is after turning the business around from its E. coli scandal and guiding the stock to monster returns. Starbucks, meanwhile, rocketed 21% higher on the news, adding $20 billion in m ...

Chipotle shares have now dropped more than 25% since the record high set in mid-June.Shares of Chipotle Mexican Grill (CMG -8.35%) are taking it on the chin today. That's because its highly successful leader is leaving the company. But investors may just be panicking, and that's never a winning investment strategy.Chipotle shares plunged as much as 14% and were still trading more than 10% lower in midday trading after the company announced CEO Brian Niccol was leaving to become the new CEO of Starbucks.Nicc ...

Chipotle Mexican Grill Inc (NYSE:CMG) stock is sliding today, down 12.8% at $48.73 at last look, after news that Starbucks (SBUX) is replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol. Chipotle has appointed COO Scott Boatwright as interim chief executive amid the abrupt c-suite shakeup.For context, Starbucks struggled in recent quarters, seeing pressure from slower demand in the U.S. and China. As Niccol had an extremely successful stint at Chipotle -- even through the pandemic -- with shares u ...