Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
Chipotle Mexican Grill, Inc.
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
== Summary == History of CMG CMG was founded in 1993 by founder , Steve Ells with the first outlet opened in Denver , Colorado through a loan of $85,000 from his father,Bob Ells . The outlet was well received in the community and Steve was able to raise another $1.3m from friends and family for expansion purposes . With the help of a family friend , Steve was able to get an appointment with the management of McDonalds , who committed an investment of $50m to fuel rapid growth . With the help of a corporate overlord , CMG was able to grow its outlets from 13 to 500 by 2006 In 2006 , the company decided to launch its IPO . McDonalds , which by that time owned approximately 90% of the shares decided to fully divest its stake from the company through the IPO and secondary market sale . Profile CMG is a QSR chain specialising in Mexican “fast-casual” food serving burritos , burrito bowls , salads , quesadillas , tacos , etc. The company takes pride in the fact that all of its food served is devoid of artificial flavours , colors and preservatives . Another USP of CMG is the fact that the company does not use any frozen ingredients or canned food in the preparation of menu items . All this is enshrined in the motto of the company - “Real Ingredients . Real Purpose . Real Flavour .” As of 31/12/2022 , the company has 3187 restaurants spread across 5 countries – U.S.A , Canada , U.K. , France and Germany (CMG 2023) , but the company still derives a majority of its revenues ( 96.6% ) from the U.S.A , which has approximately 3102 restaurants as of 15/10/22 . The company has also recently stated that its aims to open new outlets in the Middle East – United Arab Emirates and Kuwait in 2024 . The current , CEO – Brain Niccol has stated that the long-term vision of the company is to open 7000 outlets in North America with planned expansion in other geographies as well . <u>Key Financial Data</u> Listed on : NYSE Tickr : CMG Market capitalization : $52.774 billion ( as on 27/07/23 ) P/E = 55 P/S = 6.65 P/Book = 23.78 ROA = 12.6% ROE = 44.74% CMG has had a stellar run in the secondary market with the share price appreciating by 370.35% in the past 5 years . It had its debut on the stock exchange on January 26,2006 when the share opened at a price of $22 per share . Since then , the company has given a return of approximately 4761.66% to the initial IPO investors as compared to a return of 258.43% to index fund investors in the S&P 500 ( Capital IQ) during the same period . __INDEX__
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)