Sell the Ackman Rally in Chipotle (CMG) - Oppenheimer
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Could Activist Trigger McDonald's (MCD) to Repurchase Chipotle (CMG)? - Buckingham Research
September 7, 2016 8:02 AM EDTBuckingham Research analyst John Zolidis weighed in on Chipotle Mexican Grill (NYSE: CMG) following news activist investor Bill Ackman has amassed a near 10% stake in the company with the 13D having fairly standard language.
Zolidis highlighted the following key points amid the disclosure:
Is there a more specific activist story/investment thesis out there? During our discussions with investors we have heard criticism and complaints around the following topics: management compensation and structure, the slow roll-out of apps and technology, a weak and slow response to food safety and supply... More
Chipotle Mexican Grill (CMG) volatility low into Pershing Square reports 9.9% stake
September 7, 2016 6:08 AM EDTChipotle Mexican Grill (NYSE: CMG) is recently up $24.26 to $438.23 in the premarket on Pershing Square reports 9.9% stake in Chipotle, says will seek talks. September weekly call option implied volatility is at 29, September is at 28, October is at 29; compared to its 52-week range of 20 to 57.
... MoreAckman buys into Chipotle, to talk to management; shares jump
September 6, 2016 5:33 PM EDTBy Svea Herbst-Bayliss
BOSTON (Reuters) - Activist investor William Ackman's hedge fund took a 9.9 percent stake in fast-casual Mexican food chain Chipotle Mexican Grill Inc (NYSE: CMG), buying in after the once high-flying company was battered by food-safety issues.
The billionaire manager said in a regulatory filing late on Tuesday that the company's shares, which closed at $414.07 on Tuesday, were undervalued and that he would be speaking with management.
Chipotle's shares rose as much as 8.7 percent to $450 in extended trading after Ackman's Pershing Square disclosed its ownership of 2.9 million shares in the... More
Ackman's Pershing Square Files 13D on Chipotle Mexican Grill (CMG); Will Seek Talks
September 6, 2016 5:07 PM EDTBill Ackman's Pershing Square filed a 13D on Chipotle Mexican Grill (NYSE: CMG) showing a 2,882,463 share, of 9.9%, stake in the company.
In part, the filing said:
Item 4. Purpose of Transaction
The Issuer is a leading fast casual restaurant company that the Reporting Persons believe has a strong brand, differentiated offering, enormous growth opportunity, and visionary leadership. The... More
