On April 29, a recent SEC filing unveiled that Albert Baldocchi, Director at Chipotle Mexican Grill (NYSE:CMG) made an insider sell.
What Happened: After conducting a thorough analysis, Baldocchi sold 1,000 shares of Chipotle Mexican Grill. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total transaction value is $3,166,006.
In the Tuesday's morning session, Chipotle Mexican Grill's shares are currently trading at $3189.83, experiencing a down of 0.61%.
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.
Financial Insights: Chipotle Mexican Grill
Revenue Growth: Over the 3 ...