Chipotle is delishious both as food and as a stock!
Please add #stock-requests Chipotle Mexican Grill Inc.
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This company fits my e-commerce thesis. It was going to be ravaged by Covid-19, and then it bumped hourly employee salary by 10% and gave out bonuses - and most importantly, it went full on digital.
From this CNBC article: https://www.cnbc.com/2020/04/21/chipotle-mexican-grill-cmg-q1-2020-earnings.html
81% digital sales growth for the quarter, 100% in March alone, and online orders doubled.
Mad how expensive U.S. stocks are. Almost a grand! It would’ve been nice to get that recent $500 price point.
I plan to dip my toe with a fractional share today.
Anyone thinks the price is too high?
So far, so good! I’m slightly up.
The next earnings release is expected on 22 July, 2020.
An interesting aspect of Chipotle is that it’s been through it’s own version of Covid, the norovirus cases of late 2015.
The revenues took a hit then, see the 2016 figures:
(source)
It’s encouraging that the company was still not at its 2015 revenue level in 2019. To me that shows potential.
Do your own research of course!
So they have 500 restaurants and a market. cap of 50B
That’s 100m per restaurant
Am I missing something here?
A chain store feels like it could not have a value more than around 1m per restaurant.
It’s had a big year for growth, and by one measure Simply Wall Street have it as overvalued by 43%.
So arguably theres more potential than substance to the market cap.
50:1 stock split just approved 
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Losing their CEO to Starbucks
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Good time now to buy some after the 10% drop today following the news of the CEO leaving for starbucks.
WSJ and a couple of other news flinglers have been recommending Chipotle (before today!) as the SP dropped after the stock split.
Bill ackmans Pershing square holdings is a large shareholder. It has very small portfolio…
“The substantial majority of the Company’s portfolio is typically allocated to 8 to 12 core holdings usually comprising liquid, listed large capitalization North American companies”
He has a has a habit of being right…most of the time.