Professional
Added to YB: 2024-03-26
Pitch date: 2024-03-24
CMG [bullish]
Chipotle Mexican Grill, Inc.
-37.45%
current return
Author Info
No bio for this author
Company Info
Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants.
Market Cap
$45.1B
Pitch Price
$57.78
Price Target
N/A
Dividend
N/A
EV/EBITDA
16.29
P/E
30.24
EV/Sales
4.13
Sector
Hotels, Restaurants and Leisure
Category
growth
Pershing Square's Portfolio Holding: Chipotle Mexican Grill, Inc.
CMG: Outstanding 2023 results with 8% SSS growth (42% vs 2019). Traffic accelerated to 7%+ in Q4 on value, throughput & menu innovation. 230bps restaurant margin expansion with further upside. Early innings of growth story - plans to 2x NA footprint to 7000+ stores & expand internationally. Menu, loyalty & tech provide additional growth vectors.
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