About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Chipotle has named Interim CEO Scott Boatwright as CEO and member of the board, effective immediately.Boatwright has served as interim CEO since Aug. 31, when former Chipotle Chairman and CEO Brian Niccol left the company to become CEO of Starbucks.Before that, Boatwright served as Chipotle’s chief operating officer since 2017, the quick-service restaurant (QSR) said in a Monday (Nov. 11) press release. In that role, he contributed to the strategy and growth of the business, led the integration of new techn ...

NEWPORT BEACH, Calif., Nov. 11, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced that after a robust and thorough process, its Board of Directors has appointed Scott Boatwright as chief executive officer and a member of the board, effective immediately. Prior to being named Interim CEO in August, Boatwright served as chief operating officer, reporting directly to the company's CEO since 2017. Chipotle names Scott Boatwright chief executive officer. Responsible for more than 125,0 ...

NEW YORK, Nov. 09, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Chipotle Mexican Grill, Inc. (NYSE: CMG) resulting from allegations that Chipotle may have issued materially misleading business information to the investing public. So what: If you purchased Chipotle securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee ...

I aim to invest in companies with perfect qualitative attributes, buy them at an attractive price based on fundamentals, and hold them forever. I hope to publish articles covering such companies approximately 3 times per week, with extensive quarterly follow-ups and constant updates.I manage a concentrated portfolio targeted at avoiding losers and maximizing exposure to big winners. This means that often I'll rate great companies at a 'Hold' because their growth opportunity is below my threshold, or their d ...

Some businesses go through cycles of expanding and contracting margins, such as basic materials names that depend on commodity prices to derive their bottom-line figures. Then, there are those who enjoy a continuous uptrend in their margins through the use of efficiency, a typical trend that dominates the technology sector with scalability and operational leverage. Then, there are those who operate in the old model and have yet to jump into the new model through technology. This is where today’s list of sto ...

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Chipotle Mexican Grill, Inc. (NYSE: CMG) resulting from allegations that Chipotle may have issued materially misleading business information to the investing public. So What: If you purchased Chipotle securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee ...

Why the drop in the stock could be an overreaction.Shares of Chipotle Mexican Grill (CMG 5.06%) pulled back following its third-quarter earnings report, reversing the recent momentum the stock had seen this autumn. The drop in price stemmed from its sales coming up just short of analysts' expectations.The popular Mexican restaurant chain is currently in the midst of a transitional period after its CEO left to take the helm of Starbucks. The company is also dealing with the fallout of having to retrain about ...

Core Viewpoint - The departure of Chipotle's CEO presents an opportunity to evaluate the company's stock performance and future prospects, especially given the strong historical returns under his leadership [1][2]. Leadership Transition - Following the CEO's departure, Chipotle appointed Scott Boatwright, the Chief Operating Officer, as interim CEO, who has been with the company since 2017 and contributed significantly to its success [3]. - The company also accelerated the appointment of Adam Rymer as Chief Financial Officer, with former CFO Jack Hartung remaining to assist during the transition [4]. - Chipotle is focusing on internal promotions for its leadership roles, which may enhance company culture and morale according to survey data [5]. Growth Strategy - Chipotle aims to expand its restaurant count to 7,000 locations in North America and increase its international presence, with 3,615 locations currently operational [6]. - The company reported third-quarter 2024 results showing $2.8 billion in revenue and $387.4 million in net income, reflecting year-over-year growth of 13% and 23.7% respectively [7]. - The growth was driven by the addition of 294 new company-owned locations and a 6% increase in comparable-restaurant sales, with a 3.3% rise in transactions and a 2.7% increase in average check [8][9]. Financial Health - Chipotle maintains a strong balance sheet with no debt and $2.3 billion in cash and investments, allowing for stock repurchases totaling $488.1 million in the most recent quarter [10]. - The company has $1.1 billion remaining under its current buyback program, which reduces the number of outstanding shares and increases shareholder ownership [10]. Future Projections - Management projects the opening of 315 to 345 new company-operated restaurants in 2025 and aims to increase average-unit volumes from $3.2 million to over $4 million [11][12]. - If successful, annual revenue could exceed $28 billion, representing a 162% increase from the trailing-12-month results of $10.7 billion [12]. Stock Valuation - Chipotle's stock has historically traded at high valuations, with a five-year median price-to-earnings ratio of 63.9, but is currently trading at a slight discount of 54.6 times earnings [13]. - The company needs to build shareholder confidence by meeting its earnings and expansion goals, making it a potentially attractive investment opportunity despite leadership changes [14].

Can Chipotle keep climbing?The post-Brian Niccol era is underway at Chipotle Mexican Grill (CMG 5.06%), and it's off to an inauspicious start.Shares of the burrito chain are down about 8% since the company missed top-line estimates and reported its slowest earnings growth in more than two years.Chipotle posted same-store sales growth of 6%, which contributed to revenue's 13% rise to $2.79 billion, though that fell short of the analyst consensus at $2.82 billion. Further down the income statement, its restau ...