Tag: Chipotle Mexican Grill
With over 38,000 restaurants, McDonald's doesn’t make any of its products. Instead, it contracts with suppliers to meet its massive requirements.
Chipotle Mexican Grill (CMG) is helping Bill Ackman’s Pershing Square outperform the broader markets YTD. The fund has gained 54.5% through August.
Bill Ackman’s Pershing Square Holdings is having a stellar 2019. It's seen a year-to-date gain of 48.9% as per its letter to shareholders.
Chipotle's impressive second-quarter results propelled its stock to an all-time high. The stock was up 84.2% year-to-date as of July 31.
Chipotle stock (CMG) was up 2.9% as of 1:46 PM today as Goldman Sachs initiated coverage with a “buy” rating and a price target of $1,000.
After Credit Suisse’s “outperform” rating on June 25, Chipotle stock rose to a high of $739.96. However, the stock lost some of its gains due to weakness in the broader equity market.