Is Chipotle publicly traded?
Chipotle is a publicly traded restaurant chain with more than 2,500 locations across the United States, with corporate headquarters in Newport Beach, California. The EEOC’s Seattle Field Office has jurisdiction over Western Washington. The EEOC advances opportunity in the workplace by enforcing federal laws prohibiting employment discrimination.
Is Chipotle a public company?
The fast-casual chain, with its speedy assembly-line approach and a "food with integrity" mantra that seemed ages ahead of its time, was a savory IPO. Chipotle went public at $22 in January 2006, and its share price doubled by the end of its first day of trading.
How much is Chipotle stock?
Today, Chipotle stock is close to $2,000 per share. This means that a $10,000 investment when the company first went public would now be worth over three-quarters of a million dollars. Certainly, this would be a life-changing gain from just one company.
Is Chipotle closing all stores?
Why Is Chipotle Closing all its Stores for a Day? Don’t worry, it’s not permanent. Chipotle is set to close all of its nearly 2,000 North American restaurants for several hours on Monday, Feb. 8, after reports of successive outbreaks of food poisoning.
What is the highest Chipotle stock has ever been?
The all-time high Chipotle Mexican Grill stock closing price was 1944.05 on September 23, 2021. The Chipotle Mexican Grill 52-week high stock price is 1958.55, which is 42.5% above the current share price.
When did chipotle go public?
Jan 26, 2006IPO & Stock Price Chipotle Mexican Grill is registered under the ticker NYSE:CMG . Their stock opened with $22.00 in its Jan 26, 2006 IPO.
Who owns most of Chipotle stock?
Top 10 Owners of Chipotle Mexican Grill IncStockholderStakeShares ownedT. Rowe Price Associates, Inc. (I...9.88%2,761,704The Vanguard Group, Inc.8.51%2,379,400BlackRock Fund Advisors4.83%1,349,879Edgewood Management LLC4.51%1,262,1986 more rows
How much does Chipotle pay in dividends?
However, Chipotle doesn't pay a dividend to shareholders. Chipotle is relatively unique in this regard, as many large restaurants have begun to pay dividends to shareholders.
What was the original price of Chipotle stock?
$22The fast-casual chain, with its speedy assembly-line approach and a "food with integrity" mantra that seemed ages ahead of its time, was a savory IPO. Chipotle went public at $22 in January 2006, and its share price doubled by the end of its first day of trading.
Who was Chipotle's largest investor in 1998?
McDonald'sIn 1998, McDonald's became an investor in Chipotle. Over the course of about seven years, the Golden Arches poured more than $360 million into the company, allowing Ells to expand further. By 2001, McDonald's was the majority shareholder.
Why is Chipotle stock so high?
Chipotle has always had a knack for growth, despite operating in a market with heavy competition. While other restaurants large and small struggled to adapt to the coronavirus lockdown, Chipotle was already in the right place at the right time to properly serve a need for sanitary food.
Why did McDonald's sell its shareholding in Chipotle?
"Company executives wanted everyone to put 100 percent of their efforts into the McDonald's brand, so they sold the company's shares." Clearly, that wasn't the best strategy. Chipotle's same-store sales grew more than 16% in 2014, while McDonald's declined 1% during the same period.
What percentage of Chipotle does McDonald's own?
Meanwhile, McDonald's became its largest investor, holding a 90% stake in Chipotle.
Will Chipotle ever pay a dividend?
Is Chipotle Mexican Grill's dividend stable? Chipotle Mexican Grill (NYSE: CMG) does not pay a dividend.
Which stock has the highest dividend?
9 highest dividend-paying stocks in the S&P 500:AT&T Inc. (T)Williams Cos. Inc. (WMB)Devon Energy Corp. (DVN)Oneok Inc. (OKE)Simon Property Group Inc. (SPG)Kinder Morgan Inc. (KMI)Vornado Realty Trust (VNO)Altria Group Inc. (MO)More items...•
Does Chipotle stock pay a dividend?
Dividend Overview. CMG does not currently pay a dividend.
How many stores did Chipotle have at IPO?
It lost $7.7 million in 2003 as it expanded from 227 locations to 298 locations. But that was the last year it posted a loss. It earned $6.1 million in 2004, and $33.4 million in the first nine months of 2005 -- the most up-to-date results for IPO investors.
Is Chipotle owned by McDonalds?
While the Golden Arches initially took only a minority stake, by the time Chipotle went public in 2006, McDonald's owned more than 90% of the company. McDonald's no longer owns any shares of Chipotle (something it must also now regret), but the impact on Ells' ownership stake was permanent.
Is Chipotle part of S&P 500?
Chipotle Mexican Grill's index membership is Russell 1000, S&P 500 Consumer Discretionary Sector, Russell 3000 and S&P 500.
Why does Chipotle stock cost so much?
Its share prices are back to the trajectory they were on pre-Covid, bucking the industry trend and leaving a spotlight on this company for better or worse.
Where will Chipotle go from here?
Why did chipotle stock take a hit?
To recover, Chipotle has taken several actions. A rewards program has tried to give loyal customers an incentive to keep coming to the restaurant chain , and an expansion to its menu to add chorizo was also designed to boost interest. Yet the fast-casual giant hasn't provided much guidance on how well those initiatives have worked recently. The stock has therefore not made back any of its lost ground.
Is chipotle a strong stock?
At that point, shares took a hit because long-term growth rates started to slow down, and guidance for future results was no longer living up to the extremely high expectations that investors had set for the Mexican fast-casual chain.
Is chipotle a fast food company?
Chipotle has had three main periods of strong performance for its stock. In the first couple of years as an independent company, Chipotle demonstrated its ability to capitalize on the huge opportunity it had to dominate the new-restaurant space. With growth rates that hurdled it past other concepts like Moe's Southwest Grill and Qdoba, Chipotle was able to build its store base into an empire very quickly. Consistently delivering financial results that exceeded expectations by huge margins also helped to send the stock soaring.
Does chipotle have long term returns?
The rise of fast-casual restaurants has surprised many industry experts over the past decade, and Chipotle Mexican Grill ( NYSE:CMG) has been one of the most important players in the fast-growing field. Throughout most of its history, Chipotle has demonstrated an uncanny ability to tap into the demand for high-quality food offerings with its "food with integrity" motto, and its stock has risen along with its expansion throughout the U.S. market. Yet recent foodborne illness scares have been a major roadblock to Chipotle's upward share-price trajectory, and some wonder whether the Mexican food giant's best days are now behind it. Let's take a look at how Chipotle stock has performed throughout its history and whether the company can bounce back and set new highs.
Who is Dan Caplinger?
As you can see in the chart above, Chipotle has posted strong returns for long-term shareholders, even if the stock has given back much of its overall gains over the past year. Its rise since its 2006 spinoff from McDonald's amounts to more than 800%, giving investors who put $1,000 into the stock a position worth more than $9,000 today.
Is Maxim Group selling on CMG?
Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world. Follow @DanCaplinger
When does Chiptopia end?
Maxim Group maintained its "Sell" rating on CMG and $300 target following Q2 results. The firm said there was no positive takeaway from the earnings report. And they claimed any good that came from the loyalty program won't be enough.
Is chipotle back to profitability?
The Chiptopia loyalty program ends on Sept. 30. But the company said it will be launching another loyalty program. No details were provided on whether this will be a permanent program or another short-term one.
Does chipotle have chorizo?
Chipotle Mexican Grill Inc. (NYSE: CMG) swung back to profitability in Q2 2016. That helped push shares up 3.44% to $433.46 in morning trading Friday. Reports of "modest" improvements in customer traffic thanks to giveaways and a new loyalty program lifted the stock.