A securities class action has been filed in the USDC — C.D.CA. against Chipotle Mexican Grill, Inc. (CMG) (“Chipotle” or the “Company”), on behalf of all persons who purchased or otherwise acquired Chipotle common stock and/or those who purchased Chipotle call options or sold put options between February 8, 2024 and October 29, 2024, both dates inclusive (the “Class Period”).

Chipotle “owns and operates Chipotle Mexican Grill restaurants, which feature a relevant menu of burritos, burrito bowls (a burrito without the tortilla), quesadillas, tacos, and salads.”

The complaint alleges defendants made false and/or misleading statements and/or failed to disclose that:

(1) Chipotle’s portion sizes were inconsistent and left many customers dissatisfied with the Company’s offerings;

(2) to address the issue and retain customer loyalty, the Company would have to ensure more generous portion sizes, which would increase cost of sales; and

(3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times, thereby harming investors.

If you purchased Chipotle common stock and/or those who purchased Chipotle call options or sold put options during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information.”

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