Bill Ackman Reduced Chipotle Stock, Fundamentals Still Sound
Chipotle Mexican Grill(CMG) marketbeat.com·2024-05-20 21:15
Key PointsBill Ackman's fund reduced its stake in Chipotle stock, spooking some investors in all the wrong ways.Like a risk-management practice, this reduction has nothing to do with the company's underlying fundamentals.Despite outperforming its peers, analysts see double-digit EPS growth and upside left in Chipotle.5 stocks we like better than StarbucksInvestors may feel uneasy seeing one of Wall Street’s top value investors, Bill Ackman, sell a stock. Reducing or even bailing out of a company could send ...