Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Chipotle Mexican Grill / Equity Bottom-Up

<ul><li>In Q4 FY2023, Chipotle Mexican Grill, Inc.</li><li>(Chipotle) reported a 15% YoY increase in sales, reaching $2.5 billion, driven by an 8.4% comp sales growth on the back of a 7% transaction growth.</li><li>Over the fiscal year, sales increased 14% to reach $9.9 billion backed by a 7.9% comp sales growth.</li></ul>

In Q4 FY2023, Chipotle Mexican Grill, Inc.(Chipotle) reported a 15% YoY increase in sales, reaching $2.5 billion, driven by an 8.4% comp sales growth on the back of a 7% transaction growth.Over the fiscal year, sales increased 14% to reach $9.9 billion backed by a 7.9% comp sales growth.

Chipotle Mexican Grill: Pricing Strategies to Counter Wage Increases & Other Major Developments - Financial Forecasts

<ul><li>Chipotle delivered a mixed set of results in its most recent result with revenues falling short of Wall Street expectations but above-par earnings.</li><li>The rise in Chipotle’s overall revenue was driven by an upsurge in comparable restaurant sales and also new restaurant openings.</li><li>Lately, Chipotle announced its foremost development pact with Alshaya Group for opening several restaurants in the region of Middle East.</li></ul>

Chipotle delivered a mixed set of results in its most recent result with revenues falling short of Wall Street expectations but above-par earnings.The rise in Chipotle’s overall revenue was driven by an upsurge in comparable restaurant sales and also new restaurant openings.Lately, Chipotle announced its foremost development pact with Alshaya Group for opening several restaurants in the region of Middle East.

Chipotle Mexican Grill: Efficiency Boost From Increasing Restaurant-Level Automation To Boost Future Margins? – Key Drivers

<ul><li>It was a successful quarter for Chipotle Mexican Grill, reporting an all-around beat.</li><li>The company’s quarterly sales were $2.4 billion and it retained about 80% of digital sales and has recovered almost 80% of in-restaurant sales.</li><li>We give Chipotle Mexican Grill a 'Hold' rating with a revised target price.</li></ul>

It was a successful quarter for Chipotle Mexican Grill, reporting an all-around beat.The company’s quarterly sales were $2.4 billion and it retained about 80% of digital sales and has recovered almost 80% of in-restaurant sales.We give Chipotle Mexican Grill a 'Hold' rating with a revised target price.

Chipotle Mexican Grill Inc.: Improved Digital Capabilities & A 6

<ul><li>Chipotle Mexican Grill delivered a highly disappointing result for the last quarter.</li><li>The company failed to meet the revenue expectations as well as the earnings expectations of Wall Street despite AUVs expansion and improved restaurant-level margin.</li><li>The management faced several challenges this quarter, including one of the highest inflationary periods and an uncertain macro environment.</li></ul>

Chipotle Mexican Grill delivered a highly disappointing result for the last quarter.The company failed to meet the revenue expectations as well as the earnings expectations of Wall Street despite AUVs expansion and improved restaurant-level margin.The management faced several challenges this quarter, including one of the highest inflationary periods and an uncertain macro environment.

Chipotle Mexican Grill Inc.: Launch of Farmesa & Other Drivers

<ul><li>Chipotle Mexican Grill delivered a mixed set of results.</li><li>In the quarter, Chipotle continues to view broadening trends by the income levels with the consumers with lower income reducing frequency.</li><li>We provide the stock of Chipotle Mexican Grill with a ‘Hold’ rating and a revision in the target price.</li></ul>

Chipotle Mexican Grill delivered a mixed set of results.In the quarter, Chipotle continues to view broadening trends by the income levels with the consumers with lower income reducing frequency.We provide the stock of Chipotle Mexican Grill with a ‘Hold’ rating and a revision in the target price.

United States

Chipotle Mexican Grill, Inc. owns and operates quick serve Mexican restaurants. The Company manages restaurants throughout the United States.

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Chipotle Mexican Grill (CMG US)

Chipotle Mexican Grill: Pricing Strategies to Counter Wage Increases & Other Major Developments - Financial Forecasts

In Q4 FY2023, Chipotle Mexican Grill, Inc. (Chipotle) reported a 15% YoY increase in sales, reaching $2.5 billion, driven by an 8.4% comp sales...

Baptista Research

Chipotle Mexican Grill: Efficiency Boost From Increasing Restaurant-Level Automation To Boost Future Margins? – Key Drivers

Chipotle delivered a mixed set of results in its most recent result with revenues falling short of Wall Street expectations but above-par...

Baptista Research

Chipotle Mexican Grill Inc.: Improved Digital Capabilities & A 6

It was a successful quarter for Chipotle Mexican Grill, reporting an all-around beat. The company’s quarterly sales were $2.4 billion and it...

Baptista Research

Chipotle Mexican Grill Inc.: Launch of Farmesa & Other Drivers

Chipotle Mexican Grill delivered a highly disappointing result for the last quarter. The company failed to meet the revenue expectations as well...

Baptista Research

Chipotle Mexican Grill: Major Drivers

Chipotle Mexican Grill delivered a mixed set of results. In the quarter, Chipotle continues to view broadening trends by the income levels with...

Baptista Research

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