Chipotle Mexican Grill was sued on Monday by shareholders for concealing how many of its restaurants were skimping on portions, forcing the chain to spend more on ingredients and hurting its stock price.In a proposed class action filed in Santa Ana, Calif., federal court, shareholders said Chipotle failed to disclose growing unhappiness among customers with inconsistent portion sizes for its burritos and rice bowls.They said the truth came out as customers voiced dismay on TikTok and other social media, pro ...

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 ...

After the abrupt departure of its CEO, now is an ideal time to review Chipotle's stock.In August, Chipotle Mexican Grill (CMG 5.06%) announced that its chairman and CEO, Brian Niccol, was leaving the restaurant chain to take a similar role at Starbucks. His six-year tenure was bountiful for shareholders, with a market-crushing return of approximately 800%. Anytime a successful CEO leaves a company, shareholders should check in on its succession, recent financials, and long-term goals to see what to do with ...