Chipotle Mexican Grill (CMG) has seen a decline of 8% over the past month, despite outperforming the broader market.
Sterling Capital Management acquired 8,579 shares while
Legal & General Group has a $477.92 million position in the company.
Jim Cramer has shown renewed faith in the company, endorsing it as a buy. The intrinsic value of CMG could potentially be 32% above its current share price. The company is set to announce its Q1 2025 earnings soon. Some of the shares were sold by Invesco, FIL Ltd and Bank of Montreal. Various companies, including
Winslow Capital Management, Envestnet Asset Management, and
Greenland Capital Management have raised their stock holdings in CMG. The company plans to hire 20,000 more employees for 'burrito season', even as the market is facing some turmoil. There is a pending class action lawsuit against CMG. Scott Boatwright has been appointed as CEO, and a strong annual growth was reported in the Q4 2024 earnings call.
Jim Cramer warned about the market heat despite the company's strength while the company is still attracting investor attention.
Chipotle Mexican Grill CMG News Analytics from Mon, 11 Nov 2024 08:00:00 GMT to Sat, 12 Apr 2025 12:53:44 GMT -
Rating -2
- Innovation 0
- Information 8
- Rumor -3
