A substantial insider sell was reported on April 29, by Christopher Brandt, Chief Brand Officer at Chipotle Mexican Grill (NYSE:CMG), based on the recent SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Monday outlined that Brandt executed a sale of 1,000 shares of Chipotle Mexican Grill with a total value of $3,156,278.
In the Tuesday's morning session, Chipotle Mexican Grill's shares are currently trading at $3189.83, experiencing a down of 0.61%.
Unveiling the Story Behind 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.
Financial Insights: Chipotle Mexican Grill
Revenue Growth: Chipotle Mexican Grill's revenue growth over a period of 3 months has ...