Group 1 - Chipotle Mexican Grill has been a significant investment for Bill Ackman since 2016, but recent performance has raised concerns among investors [1][2] - The company reported a 3% revenue increase to approximately $3.1 billion in Q2, driven by new restaurant openings, while comparable sales declined by 4% [4] - Management anticipates flat comparable sales for the full year but expects growth from 315 to 345 new store openings, with over 80% including a Chipotlane [5][6] Group 2 - Chipotle's comparable restaurant sales have turned negative this year due to slowed traffic, impacting margins [8] - The company has increased its share repurchase authorization by $500 million, bringing the total remaining capacity to about $750 million [7] - Shares are currently trading at a mid-30s price-to-earnings ratio, which is lower than a year ago, indicating a potential buying opportunity [8]
This Top Bill Ackman Stock Has Been Hammered. Time to Buy?