Buy Chipotle Mexican Grill shares

How COVID-19 has impacted Chipotle Mexican Grill and measures they’ve taken as a business to combat it. Read on below.

Chipotle Shares

Our aim is to help you buy Chipotle shares armed with as much research and information as possible.

Below we’ve aggregated up to date information on Chipotle including a detailed coronavirus section, full company information and live share prices and trend graphs. We’ve also added a step by step guide showing you exactly how to buy Chipotle shares.

About Chipotle Mexican Grill

Chipotle is a Mexican-style chain of restaurants in the United States, Canada, Germany, France and the United Kingdom. In 2011 and 2013 it expanded into other casual, fast-food ethnic restaurants but those efforts closed in 2017 and 2018.

In 1993 Steve Ells used his culinary degree and experience as a line cook in San Francisco and with a loan from his father opened the first Chipotle Mexican Grill in Colorado. In 1995 it began expansion and that same year McDonald’s became a minor investor and then increasing to become its major investor. In January 2006 it made its IPO offer and McDonald’s divested itself from ownership.

Headquartered in Newport Beach, California and sold on the New York Stock Exchange as CMG, the company is committed to using local and organic produce and responsibly raised meat. They prepare the food without microwaves or freezers and with no artificial flavours, colors or preservatives. They are dedicated to the planet’s ecology in reducing waste in landfills.

How Coronavirus has impacted Chipotle's share price

Initially the food industry was devastated with at least temporary closures in order to stem the spread of the virus.

This created a subsequent impact on farms, fishing and beverage producers. Initiating contact-less service through the use of drive-through facilities and delivery services, many food services were able to survive. Many, though not all, are reopening with enhanced safety precautions.

Statements on Chipotle.com:

Employees wear gloves at all times, regularly sanitizing high-contact surfaces, and mandatory handwashing every half hour and every task, with masks provided to all employees. They have an individual dedicated to continuous cleaning and to monitor social distancing.
Daily wellness checks on all employees.
Hand sanitizer stations at the entrance.
Tamper-evident packaging seals on all pick-up and delivery orders.
Maintain strict sanitation in food handling.
Air purification system to eliminate pollutants, mold, bacteria, and viruses.

Additional statements include:

Employees directly affected by Covid-19 receive pay equal to upcoming 2-weeks schedule or average hours worked
Access to medical experts via mobile phone.
Discretionary bonuses totalling $9 million to help families.
Donation of 200,000 burritos to healthcare workers at facilities across the United States and a 10% donation from digital sales toward direct relief.
Donation of 10% of graduation themed e-gift card sales to Scholarship America from May 21 to June 30.

APRIL 21st

Results for the quarter ending March 31 showed an increased revenue of 7.8% over the previous year. March saw a decline of 16%. Digital sales grew 80.8% and accounted for 26.3% of the quarter’s sales.

May 19th

Enhanced app feature to allow customizing any ingredient to light, standard or extra through a digital order.

May 20th

Support to ventures, people, and organizations to connect farmers with mentors, funders, and partners to counteract the transition of farm land to non agricultural purposes and to aid in the Covid-19 challenges.

June 29th

Adding Grubhub as a delivery partner and reinforcing contactless delivery.

June 30th

Powered by Shopify the Chipotle Virtual Farmers’ Market will allow farmers to launch improved versions of their websites. This will allow the farmers to sell directly to consumers across the country. Chipotle is hosting the fees on Shopify to support this program. This is to enhance the revenue stream and increase usage during COVID-19 and beyond.

July 15th

The company announced the opening of its 100th Chipotlane, its drive-thru, digital pickup lane. This was introduced in 2018 in Columbus Ohio. Chipotle opened 19 new restaurants in the first quarter of this year with 11 featuring this drive-through option. It expects to hire up to 10,000 new employees over the next few months.

July 20th

Chipotle is now serving non-GMO and certified organic drinks from Tractor Beverage Company. These are part of the company’s commitment to sustainability. Five percent of Chipotle’s profits from these beverages will be donated to causes that support farmers including scholarships, grants, and long-term contracts.

How to buy Chipotle shares

It’s a very simple and straightforward process to getting started and owning a share of Chipotle. Our step by step guide below will show you just how easy.

1. Pick a share trading platform.
We’ve provided a selection below to help you choose (many come with an app that you can manage from your phone).

2. Open an account with your chosen trading platform.
As with any account you’l be required to identify yourself with some personal details to make sure you are who you say you are.

3. Add a payment method.
You’ll be securely transferring money to your share trading platform in order to buy the shares, so you’ll need to add a way to pay.

4. Search for the company you want to buy shares in.
Each share trading platform has a simple way to locate the company you’ve identified.

5. Buy the shares.
Make sure you check the share price of the company you’re investing in and how much you’re investing (and ensure you’re happy with both) before you click the ‘buy’ button.

And that’s it, you’re now a shareholder. Congratulations!

Always remember that the value of your investments can go down as well as up. There’s a chance you may end up with less than you begin with. Capital is at risk.

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