Headquartered in Newport Beach, CA Fiscal year ends December NYSE: CMG chipotle.com
Chipotle Mexican Grill, Inc. (NYSE: CMG) operates a chain of over 4,200 fast-casual restaurants serving responsibly sourced, classically-cooked Mexican-inspired food including burritos, bowls, tacos, and salads made with wholesome ingredients without artificial colors, flavors, or preservatives. The company owns and operates all of its restaurants in the United States, Canada, and Europe, and has expanded internationally through partner-operated restaurants in the United Kingdom, France, Germany, and the Middle East. Chipotle employs nearly 140,000 people and generates significant digital sales through its app, website, and third-party delivery platforms, which represent over 38% of food and beverage revenue. The company's growth strategy, branded 'Recipe for Growth,' centers on menu innovation, its Chipotle Rewards loyalty program, hospitality elevation, group occasion expansion, and aggressive new restaurant openings, with approximately 80% of new company-owned locations featuring Chipotlane drive-through lanes for digital order pickup. Updated
Four days of takeover premium just came out of Chipotle shares, leaving holders back on the burrito chain's own fundamentals with no bidder underneath.
BREAKING: Chipotle stock, $CMG, falls after Starbucks says that it is not buying the company. On October 8th, the Financial Times reported that Starbucks "explored talks" about acquiring Chipotle. https://t.co/AhaeDfLDYr
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Chipotle Mexican Grill, Inc. (NYSE: CMG) operates a chain of over 4,200 fast-casual restaurants serving responsibly sourced, classically-cooked Mexican-inspired food including burritos, bowls, tacos, and salads made with wholesome ingredients without artificial colors, flavors, or preservatives.
24/7 Wall St.'s 12-month price target for CMG is $39.39, rated Buy. The Wall Street consensus target is $43.55. CMG price prediction →
