Why is Chipotle Stock So High : Chipotle Mexican Grill, Inc. News, Quote

Why is Chipotle Stock So High : Chipotle Mexican Grill, Inc. News, Quote

Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of October 21, 2021, it owned and operated approximately 2,900 restaurants in the United States, Canada, the United Kingdom, France, and Germany. The company was founded in 1993 and is headquartered in Newport Beach, California.

It is heartening to see Chipotle maintain its impressive financial standing in the eyes of investors. There were $1.4 billion in the company’s balance sheet as of Dec. 31, compared to a previous quarter of $1.2 billion. A $500 million credit facility was available to the company, which said it had no debt.

Since 2020, inventory has increased from $26.4M to $32.8M, an increase of 28%. This figure was 0.3 percent of total assets at the end of the fourth quarter of 2021.

The company spent $168.9 million, or about $1750 per share, in the fourth quarter on stock repurchases. The company’s board of directors has authorised an additional $200 million in share repurchases, excluding commissions. A total of approximately $240.9 million was available for the company’s buyback programme as of December 31.

securespend.com Activate Card : How To Activate Secure Spend Prepaid Visa Gift Card

More than 7000 restaurants will be built over the long term, rather than the previous goal of 6000, thanks in part to the company’s impressive unit economics and success in small-town locations. More than 80 percent of the restaurants in CMG’s real estate pipeline had Chipotlane in them. According to the company’s projections, annual unit growth will be between 8 and 10 percent.

Chipotle Mexican Grill, Inc. (CMG)

NYSE – NYSE Delayed Price. Currency in USD

1,493.65       +21.68 (+1.47%)

At close: 04:02PM EDT

1,493.65       0.00 (0.00%)

After hours: 07:35PM EDT