Chipotle CEO brings ‘strong operational background,’ says Stephens
The Fly

Chipotle CEO brings ‘strong operational background,’ says Stephens

Stephens keeps an Equal Weight rating on Chipotle (CMG) after the company appointed Scott Boatwright as CEO. Boatwright brings a “strong operational background coupled with deep experience regarding company culture and internal intricacies,” the analyst tells investors in a research note. The firm believes Chipotle has one of the strongest company cultures among its restaurant peers and finds it encouraging that Jack Hartung will remain in a leadership position to help the transition.

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