Why a Buyout Is the Worst Outcome for Chipotle Investors [The Motley Fool]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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US:NYSE Investor Relations:
ir.chipotle.com
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Source: The Motley Fool
A buyout would be good for the company but bad for shareholders. Here's why. Chipotle Mexican Grill ( NYSE:CMG ) could be a case study in reputational risk. After its Initial Public Offering (IPO) price of $22 per share, shares were on a tear for the greater part of a decade, cresting at approximately $760 per share in 2015. Soon thereafter, the stock came crashing down to earth as the company faced a series of foodborne illnesses, with the first outbreak infecting 55 people in 11 states. Later outbreaks fed into the greater narrative that the company's management was unable to fix the issue. The company has taken a series of steps to remedy the situation, and parted ways with then co-CEOs Monty Moran and founder Steve Ells. Still, diners are not willing to give Chipotle Mexican Grill the benefit of the doubt. Last quarter, the company produced an anemic 1% comparable-restaurant sales increase, lower than meager expectations of 1.2%. A recent report from Wall Street a
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News
- Billionaire Bill Ackman Has 70% of His $10 Billion Portfolio in Just 4 Stocks [Yahoo! Finance]Yahoo! Finance
- Higher prices on the menu as fast-food chains brace for California's big minimum wage jump [Yahoo! Finance]Yahoo! Finance
- Higher prices on the menu as fast-food chains brace for California's big minimum wage jump [Los Angeles Times (CA)]Los Angeles Times
- A beloved Beverly Hills burger joint mysteriously closed 27 years ago. What happened? [Los Angeles Times (CA)]Los Angeles Times
- Chipotle (CMG) Rose Due to its Focus on Exceptional Food and Operational Excellence [Yahoo! Finance]Yahoo! Finance
CMG
Earnings
- 2/6/24 - Beat
CMG
Sec Filings
- 3/22/24 - Form 4
- 3/20/24 - Form 144
- 3/20/24 - Form 8-K
- CMG's page on the SEC website