Chipotle Mexican Grill Stock News

Chipotle Mexican Grill Inc (NYSE:CMG) has named Scott Boatwright as its permanent CEO, replacing Brian Niccol who left the position to lead coffee giant Starbucks. Boatwright was named interim CEO of the Mexican fast casual chain in August, having previously served as chief operating officer since 2017.

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.

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.

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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.

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While prices for most goods have been falling throughout the year, inflation for a wide range of services remains high. That has put a strain on consumers eating out, servicing their cars and paying for various kinds of insurance.Prices for services rose 3.7% in September from a year ago, according to the personal consumption expenditures price index, the inflation gauge of choice for the Feder...

Chipotle's long-term growth is driven by store expansion, comparable sales growth, and operational excellence, targeting 7,000 locations and $4 million in per-restaurant sales. Despite near-term headwinds like the CEO's departure and portion size backlash, CMG's strong brand and execution ensure continued performance and resilience. Valuation suggests a 16.5% annual return over the next 7-8 yea...