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Chipotle Mexican Grill (CMG) was once the poster child for explosive growth in the restaurant industry. From 2010 to 2024, its stock soared an astonishing 3,800%, delivering a compound annual growth rate (CAGR) of 28.8%. Investors who rode the wave turned modest stakes into life-changing fortunes.
Yet, the picture has darkened dramatically, as shares have shed 52% of their value from the 2024 peak. Today, CMG trades roughly 11% lower year-to-date and 34% below levels from a year ago. Can the fast-casual giant recover its mojo or has it become a hopelessly lost cause? Two billionaire investors — Bill Ackman and Daniel Loeb — offer diametrically opposed answers, leaving Wall Street to wonder which titan sees the future more clearly.
