Chipotle isn’t owned by an individual, rather a large group of institutional investors and shareholders. Steve Ells is the founder and former CEO of Chipotle Mexican Grill (CMG). CMG started trading at NYSE (New York Stock Exchange) and went public in 2006, doubling the original stock price in less than a day shortly after McDonald’s left the company.
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 8.51% | 2,379,400 |
| BlackRock Fund Advisors | 4.83% | 1,349,879 |
| Edgewood Management LLC | 4.51% | 1,262,198 |
| Pershing Square Capital Managemen... | 3.95% | 1,105,208 |
What companies does Chipotle own?
- Chai Tea Latte. This is a classic for anti-coffee people.
- Pink Drink.
- Green Tea Lemonade.
- Iced Black Tea.
- Zebra Hot Chocolate.
- Green Tea Frappuccino.
- Vanilla Steamer.
- The Coldbuster.
Is Chipotle owned by McDonalds?
The burger chain made an investment in Chipotle in 1998 that helped it grow from 14 locations to nearly 500 within seven years. By 2005, McDonald's had a 90% stake in Chipotle's business. But one year later, McDonald's divested its stake and parted ways with the fledgling burrito chain.
Who are the stakeholders of Chipotle?
The threats in the SWOT Analysis of Chipotle Mexican Grill are as mentioned:
- Intense competition from other players
- Volatility in price of raw materials.
- Economic instability
Is Chipotle really a Mexican restaurant?
Chipotle Mexican Grill is looking to smaller towns to fuel North American unit growth. On Tuesday, the restaurant chain told investors that it’s expanding the long-term goal for its North American footprint from 6,000 locations to 7,000 units. The chain benefits from cheaper leases in small towns but without seeing a drop-off in customer demand.
Who is Chipotle owned by?
An archived webcast will be available approximately one hour after the end of the call. Steve Ells , Founder, Chairman and CEO, started Chipotle with the idea that food served fast did not have to be a typical fast food experience.
Is Chipotle publicly owned?
On January 26, 2006, Chipotle made its initial public offering (IPO) after increasing the share price twice due to high pre-IPO demand. In its first day as a public company, the stock rose exactly 100%, resulting in the best U.S.-based IPO in six years, and the second-best IPO for a restaurant after Boston Market.
Can you invest in Chipotle?
Chipotle stock trades for more than 60 times trailing earnings and 49 times the 2022 analyst EPS consensus of $31.64. That represents a big premium to the broader market. To be fair, Chipotle stock has nearly always traded at a premium valuation, and it has still performed very well for long-term investors.
Are all Chipotle corporate owned?
Although Chipotle originally sold a few franchises, Chipotle's restaurants quickly discarded the idea. The company now has complete corporate ownership and control of all the locations, and has publicly released that it is not interested in franchising at this time.
Is Chipotle privately owned?
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.
Why did McDonald's sell its shareholding in Chipotle?
Steve Easterbrook(pictured below), the McDonald's then-CEO, said that investment in Chipotle and the other businesses were a distraction to McDonald's. Company executives wanted to put 100 percent of their efforts to grow the McDonald's brand, thus they sold all of the shares.
Is Chipotle a good stock to buy 2022?
For the second quarter, CMG has guided for comparable sales to accelerate to 10% to 12%. CMG expects to open up to 235 new stores this year - for reference the company had 2,966 restaurants open at the end of 2021. 2022 is shaping up to be another year of strong growth for the company.
Why Chipotle stock is so high?
Restaurants are among the hardest hit businesses from the 2020 novel coronavirus pandemic, with these businesses being forced to shut down, furlough staff, and drastically pivot their business models adapting to constantly changing local laws regarding food and alcohol delivery.
Is Chipotle good stock?
Summary. CMG's Q4 2021 results were good, with its comparable restaurant sales and adjusted earnings per share beating market expectations. Chipotle's share price increased by an impressive +32.5% in 2021, but I think it iwill be difficult for CMG's shares to continue to rise this year.
Why does Chipotle not franchise?
The reason these places don't franchise is mainly that the respective brands want to have quality control. Chipotle spokesperson Chris Arnold says the fast-casual restaurant doesn't need franchises for business purposes—and doing so could hurt their brand.
How much does a Chipotle cost to open?
In publicly released documents, the initial investment to open a Chipotle store ranges between $800,000 to $900,000. We can also see that other fast casual concepts similar to Chipotle have a similar upfront cost.
What is chipotle restaurant?
Chipotle Mexican Grill, Inc. ( / tʃɪˈpoʊtleɪ /, chih-POHT-lay ), often known simply as Chipotle, is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, specializing in tacos and Mission burritos that are made to order in front of the customer.
What was the outbreak in 2008?
April 2008 norovirus outbreak. In 2008, Chipotle was implicated in a norovirus outbreak in Kent, Ohio, where over 400 people became ill after eating at a Chipotle restaurant. Officials at the Ohio Department of Health said that the outbreak was caused by Norovirus Genotype G2.
How many calories are in a chipotle burrito?
In 2003, a Center for Science in the Public Interest report stated that Chipotle's burritos contain over 1,000 calories, which is nearly equivalent to two meals' worth of food. MSNBC Health.com placed the burritos on their list of the "20 Worst Foods in America" because of their high caloric content and high sodium. When a burrito with carnitas, rice, vegetables, cheese, guacamole, and salsa was compared with a typical Big Mac, the burrito had more fat, cholesterol, carbohydrates, and sodium than the Big Mac, but it also had more protein and fiber. The restaurant has also received praise – Health.com included the restaurant in its list of the "Healthiest Fast Food Restaurants".
Why did chipotle close?
On February 8, 2016, Chipotle closed all of its eateries nationwide for a few hours during the morning for an all-staff meeting on food safety. The company hired a new head of food safety, who instituted changes including having all employees wash hands every half hour, having two employees verify that produce like onions, jalapeños and avocados have been immersed in hot water for five seconds to kill germs on their exteriors, and using Pascalization to pre-treat food ingredients.
What caused the Salmonella outbreak in Minnesota?
The Minnesota Department of Health reported that samples from 45 victims were tested and found that their illness was caused by the Salmonella Newport bacterium as determined by DNA profiling. Later, the state officials reported that the total of persons who became infected was increased to 64 and the number Chipotle locations in which they had acquired the bacterium was increased to 22, all located within the state of Minnesota.
How many students were sick from eating at a chipotle?
In December 2015, eighty students at Boston College, including members of the men's basketball team, were sickened after eating at a single Chipotle restaurant. Affected students had been tested for both E. coli and norovirus in order to determine the cause of the illnesses.
How much did McDonald's invest in chipotle?
McDonald's had invested approximately $360 million into Chipotle, and took out $1.5 billion. McDonald's had attempted to get Chipotle to add drive-through windows and a breakfast menu, which Ells resisted. In 2008, Chipotle opened its first location outside of the United States in Toronto.
What is Chipotle?
Chipotle is the largest Mexican fast-food grill chain, envisioned initially as a small business, which eventually turned into a mega empire. It has become synonymous with Mexican fast food. With over $7 billion in net income, adding in close to a whopping $2 billion last year alone.
Who Owns Chipotle?
Chipotle isn’t owned by an individual, rather a large group of institutional investors and shareholders. Steve Ells is the founder and former CEO of Chipotle Mexican Grill (CMG).
Job Positions At Chipotle
The job of a crew member is a very entry-level position at Chipotle. It is a great opportunity for new hires to see if they fit in the fast-food industry. Crew Members have multiple daily tasks that they have to carry out. This may include taking orders, serving food, packaging food, preparing food, etc.
When did chipotle go public?
Chipotle bought back the eight franchised restaurants, and then in 2006 the company went public. The initial public offering was a huge success, doubling the Chipotle stock price from $22 to $44 on the first trade.
Where was the first chipotle located?
The first Chipotle, located near the University of Denver, was wildly successful, with store sales of over 1000 burritos a day. Ells had originally wanted to take the profit from the burrito shop to open a fine-dining restaurant, but when Chipotle did so unexpectedly well, he decided to focus his efforts on expansion.
Did McDonald's and Chipotle have a relationship?
According to a history of the McDonald's and Chipotle relationship put together by Bloomberg, one of the board members had a friend who worked for McDonald's as a business developer and he managed to get Ells invited to a McDonald's board meeting. Ells brought burritos and tacos, and the McDonald's board loved it.
Is chipotle a Mexican chain?
Sure, there are Mexican chains that have been around longer, but Chipotle caught people's attention (and wallets) in a way that other fast food chains hadn't before. If you're a Chipotle fan, you probably know a lot about the restaurant chain.
Is chipotle the same as McDonald's?
It might come as a surprise, but the answer was, at one point, yes. The two fast food chains have a history together, and the Mexican chain could have been very different because of it. Here's a little bit of Chipotle's history with the McDonald's brand.
Did McDonald's own chipotle?
Over the next seen years, Chipotle opened almost 500 new restaurants, and by 2005 McDonald's investment had grown to 90 percent, basically meaning that the golden arches did own Chipotle.
Is chipotle a fast casual?
In spite of the challenges, Chipotle is still one of the most popular fast casual chains in the country. It ranks in the #12 spot on the Restaurant Business and Technomic report, and falls only behind Taco Bell in the Mexican food category. By sticking to their own vision, and not allowing McDonald's to change them, Chipotle has succeeded.
Description
Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe.
Corporate Governance
Chipotle Mexican Grill, Inc.’s ISS Governance QualityScore as of February 1, 2022 is 9. The pillar scores are Audit: 10; Board: 4; Shareholder Rights: 6; Compensation: 10.
Overview
Chipotle Mexican Grill, Inc. , often known simply as Chipotle, is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, specializing in tacos and Mission burritos that are made to order in front of the customer. Its name derives from chipotle, the Nahuatl name for a smoked and dried jalapeño chili pepper.
History
Founder Steve Ells attended the Culinary Institute of America in Hyde Park, New York. Afterward, he became a line cook for Jeremiah Tower at Stars in San Francisco. There, Ells observed the popularity of the taquerías and San Francisco burritos in the Mission District. In 1993, Ells took what he learned in San Francisco and opened the first Chipotle Mexican Grill in Denver, Colorado, in a f…
International
According to an article in The Motley Fool, Chipotle had 17 locations outside of the United States by October 2014 with the majority in Canada, and the UK was in the process of opening more locations. The rate of overseas expansion was slower than expected. Many of the press reviewers thought that the food was overpriced for their area.
Corporate management
Chipotle's team includes a residing corporate office of managers and its board of directors. Members of both teams are appointed to serve on committees: audit, compensation, and nominating and corporate governance.
The top management team consisted of the chief executive officer, Steve Ells; the chief financial officer, Jack R. Hartung; the chief marketing and development officer, Mark Crumpacker. The cu…
Menu
Chipotle's menu consists of five items: burritos, bowls, tacos, quesadillas, and salads. The price of each item is based on the choice of chicken, pork carnitas, barbacoa, steak, tofu-based "sofritas", or vegetarian (with guacamole or queso , which would be at an extra charge otherwise). Additional optional toppings are offered free of charge, including: rice, beans, four types of salsa, sour cream, c…
Food safety
Since 2008, a former Kansas State University food safety professor has accused Chipotle of confusing the public by using such terms as "naturally raised meats", "organic ingredients", and "locally sourced" and trying to equate those terms with food safety. In rebuttal, a Chipotle spokesperson told The Daily Beast that "all of our practices have always been very much within industry norms. It's importan…
Data breach
In April 2017, Chipotle first announced that their point of sale payment system was compromised during a three-week period from late March to mid-April but gave very little information about the incident. The following month, the company later revealed that 2,250 restaurants in 47 states were involved which could potentially affect hundreds of thousands of customers who may had their credit or debit card account information with security codes stolen. A few restaurants in Ca…
Lawsuits
In November 2016, three men filed a class-action lawsuit against Chipotle alleging that a burrito was listed as containing only 300 calories, when in fact it contained more. They are seeking "unspecified damages and for an injunction against the company to prevent it from posting what it calls misleading information on its food."
In January 2020 the company received a $1.3 million fine from the state of Massachusetts for 1…