Ackman, who is a big holder in Chipotle, talked his book at an investment conference. He says Chipotle won't be hurt by the loss of its CEO to Starbucks.
Chipotle should continue to grow its revenue by opening new locations, increasing prices, and improving customer traffic. Earnings could grow faster than the top line as the company looks to become more efficient.
Fast-casual Mediterranean chain Cava has become a new Wall Street darling as it looks to match the performance of predecessor and competitor, Chipotle.
CMG's recent pullback is well warranted, with it bringing the stock to a more reasonably priced valuation compared to its historical means and sector peers. With the company set to report intensified growth prospects (domestically and internationally) in H2'24, we may see the management deliver excellent results indeed. These developments may well balance CMG's recent management shake up and th...
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