Chipotle drops after abrupt executive departures
ReutersJan 13, 2026 4:59 PM
Shares of Chipotle Mexican Grill CMG.N are down 3.37% at $38.99 after the restaurant company announced the abrupt departure of Chris Brandt, president and chief market officer, and Roger Theodoredis, chief legal officer and general counsel
CMG is set to snap seven consecutive sessions of gains
Stephanie Perdue, vice president of brand marketing, was appointed interim chief market officer, while Ilene Eskenazi was named chief legal and human resources officer
Brandt and Theodoredis will remain with CMG for a limited period to help with transition, CMG said in a statement
Among 38 analysts covering CMG, avg rating is "buy" and median PT is $44
CMG is up 5.4% YTD vs S&P 500 consumer discretionary index's .SPLRCD 4.2% increase
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