Investigation Overview
December 09, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Chipotle Mexican Grill, Inc. (NYSE:CMG) shares over potential securities laws violations by Chipotle Mexican Grill and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Chipotle Mexican Grill, Inc. (NYSE:CMG) concerning whether a series of statements by Chipotle Mexican Grill regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Chipotle Mexican Grill, Inc. reported that its annual Total Revenue rose from over $2.26 billion in 2011 to over $4.1 billion in 2014 and that its Net Income increased from $214.94 million in 2011 to $445.37 million in 2014.
Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) grew from $243 per share in October 2012 to as high as $757.77 per share in August 2015.
Starting in October 2015 Chipotle Mexican Grill, In was linked to a multi-state E. coli outbreak.
On November 20, 2015, the Centers for Disease Control and Prevention (CDC) announced that the E. Coli outbreak in Oregon and Washington previously linked to Chipotle had spread to a total of six states.
On December 7, 2015, post-market, Boston College announced that 30 of its students had complained of gastrointestinal symptoms after eating at a Chipotle restaurant in Brighton, Massachusetts.
Chipotle Mexican Grill, Inc. (NYSE:CMG) declined to $515.00 per share on December 7, 2015.