Sunday 22 September 2019

Jun 26, 2019: Chipotle Mexican Grill Year-to-Date Return is 68.33%

Chipotle Mexican Grill, Inc. is an American chain of fast food restaurants in the US, UK, Canada, Germany and France. The company specializes in tacos and burritos. Chipotle is the Nahuatl name for a smoked and dried jalapeno chili pepper. The competitors in the fast food Mexican market are Qdoba Mexican Grill, Moe’s Southwest Grill, Rubio’s Coastal Grill and Baja Fresh. With more than 2,000 locations, Chipotle had a net income of US $475.6 million and a staff of more than 45,000 employees in 2015.

Chipotle Mexican Grill (CMG) year-to-date return is 68.33|%. The company stock price has been increasing steadily this year. There was a 11.4% increase on February 7 after the 4Q18 earnings call on the previous day. There was a decline in the stock price at the end of May and beginning of June. This was because of fear of higher costs due to tariff threats. The company quickly recovered from that. The company announced on Feb 8, the opening of its 2,500th branch. The company stock price is steadily increasing so far.

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