Chipotle Approves Additional $200 Million Stock Buyback Plan

Chipotle (CMG) has released an update.

The Board of Directors has greenlit a new stock buyback plan, allowing for the repurchase of common stock totaling $200 million. This move is in addition to any prior buyback initiatives and could be adjusted or halted as needed.

For further insights into CMG stock, check out TipRanks’ Stock Analysis page.

For a comprehensive understanding of the announcement, you can read the full document here.