Chipotle Mexican Grill Inc
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Consumer Discretionary : Hotels, Restaurants & Leisure | Large Cap Growth
Company profile

Chipotle Mexican Grill, Inc. (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company's Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions. As of December 31, 2016, the Company operated 2,198 Chipotle restaurants throughout the United States, as well as 29 international Chipotle restaurants, and it also had 23 restaurants in operation in other non-Chipotle concepts. As of December 31, 2016, 29 of its restaurants were located outside of the United States, with 17 in Canada, six in the United Kingdom, five in France and one in Frankfurt, Germany. The Company sells gift cards, which do not have an expiration date. The Company categorizes its restaurants as end-caps (at the end of a line of retail outlets), in-lines (in a line of retail outlets), free-standing or other.

Closing Price
$921.94
Day's Change
8.99 (0.98%)
Bid
--
Ask
--
B/A Size
--
Day's High
923.50
Day's Low
908.58
Volume
(Light)
Volume:
366,822

10-day average volume:
559,910
366,822

UPDATE: FTC to look into past Big Tech acquisitions, including Microsoft

1:46 pm ET February 11, 2020 (MarketWatch)
Print

The Federal Trade Commission announced Tuesday that it intends to look into past acquisitions from Big Tech companies, including Microsoft Corp. (MSFT), which had so far avoided scrutiny in a blitz of investigations into other tech companies. Google parent company Alphabet Inc. (GOOGL)(GOOGL), Amazon.com Inc. (AMZN), Apple Inc. (AAPL), Facebook Inc. (FB) and Microsoft received special orders from the FTC to provide information about acquisitions dating back to the beginning of 2010 that did not undergo scrutiny from the federal government under the Hart-Scott-Rodino, or HSR, Act. "The orders will help the FTC deepen its understanding of large technology firms' acquisition activity, including how these firms report their transactions to the federal antitrust agencies, and whether large tech companies are making potentially anticompetitive acquisitions of nascent or potential competitors that fall below HSR filing thresholds and therefore do not need to be reported to the antitrust agencies," the agency said in its announcement (https://www.ftc.gov/news-events/press-releases/2020/02/ftc-examine-past-acquisitions-large-technology-companies). Alphabet, Amazon, Apple and Facebook have been scrutinized by multiple government agencies in the past year (http://www.marketwatch.com/story/the-antitrust-suspects-facebook-and-apple-appear-to-be-most-at-risk-2019-06-18), as well as European authorities, for their tactics while holding potentially dominant positions in certain markets. Microsoft, though, has so far publicly avoided any of that scrutiny after surviving its own antitrust fight with the government (http://www.marketwatch.com/story/big-tech-was-built-by-the-same-type-of-antitrust-actions-that-could-now-tear-it-down-2019-06-12) in the days of the dot-com boom and bust. Shares in all five companies dipped in intraday trading immediately after the announcement was made.

-Jeremy C. Owens; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 11, 2020 13:46 ET (18:46 GMT)

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