Albert Baldocchi, Board Member at Chipotle Mexican Grill (NYSE:CMG), executed a substantial insider sell on February 15, according to an SEC filing.
What Happened: Baldocchi's recent move involves selling 1,000 shares of Chipotle Mexican Grill. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value is $2,608,516.
The latest market snapshot at Friday morning reveals Chipotle Mexican Grill shares up by 0.5%, trading at $2631.0.
All You Need to Know About Chipotle Mexican Grill
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
A Deep Dive into Chipotle Mexican Grill's Financials
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