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Chipotle Mexican Grill, Inc. (/ tʃ ɪ ˈ p oʊ t l eɪ /, chih-POAT-lay), [3] often known simply as Chipotle, is an American multinational chain of fast casual restaurants specializing in bowls, tacos, and Mission burritos made to order in front of the customer. [4] [5] [6] As of June 30, 2024, Chipotle has 3,500 restaurants. [7]
Ackman first bought Chipotle shares in the third quarter of 2016. He increased Pershing Square's position by more than fivefold in the following quarter. However, Ackman has sold a lot more of the ...
CMG Revenue (Quarterly) data by YCharts. Driving this growth were 294 net-new company-owned locations since Q3 2023, bringing the total to 3,615, representing a nearly 9% year-over-year increase.
Steve Ells (born September 12, 1965) [1] is an American businessman. He is the founder, former chief executive officer, and former executive chairman of Chipotle Mexican Grill.
Chipotle is one of Ackman's best-known investments, up over 500% from his first purchase in 2016. Ackman still holds 28.8 million shares in Chipotle, indicating confidence even after former CEO ...
He was on the board of Chipotle Mexican Grill [12] from 2013 to 2019. [13] He is the brother of Elon Musk, Tosca Musk, son of Errol and Maye Musk, and a major shareholder in Tesla. [14] In 1995 he co-founded, with his older brother, Elon Musk, the software company Zip2, which was acquired by Compaq for $307 million in 1999.
In 2018, Niccol became the CEO of Chipotle Mexican Grill, replacing founder Steve Ells. [31] [32] Although Niccol had moved west to Newport Beach, California to join Taco Bell, he did not move back east to Denver when he joined Chipotle. Rather, under his leadership, Chipotle moved its headquarters from Denver to Newport Beach. [33]
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chipotle Mexican Grill wasn’t one of them. The 10 stocks that ...