If You Invested $1,000 In Chipotle Mexican Grill Stock When Bill Ackman's Pershing Square First Entered, Here's How Much You'd Have Today
Portfolio Pulse from Surbhi Jain
Since Pershing Square Capital, led by Bill Ackman, first invested in Chipotle Mexican Grill Inc (NYSE:CMG) in Q3 2016 at an average price of $435, the stock has seen a significant increase, now trading around $2,272. This represents a 471.5% return on investment, or a 73% CAGR. Chipotle is Pershing Square's top holding, making up 16.65% of its portfolio. Analysts remain bullish on CMG, with Oppenheimer, Stifel, and Barclays setting price targets of $2,525, $2,450, and $2,246 respectively.
January 16, 2024 | 2:09 pm
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POSITIVE IMPACT
Chipotle Mexican Grill Inc's stock has grown 471.5% since Pershing Square's investment in 2016. Analysts continue to rate CMG positively, with recent price targets suggesting further growth.
The positive historical performance of CMG stock since Pershing Square's investment, combined with the current bullish analyst ratings and price targets, suggest a likely continuation of the stock's upward trend in the short term. The significant holding by Pershing Square and the stock's resilience in the face of consumer challenges further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100