Long-Term Returns of Bill Ackman’s 5 Activist Targets

3. Chipotle Mexican Grill, Inc. (NYSE:CMG

Activist Investment: 2016
Long-Term Returns Since Ackman’s Investment: 81.80%
S&P 500 Gain Since Ackman’s Investment: 42.53%

Along with its subsidiaries, Chipotle Mexican Grill, Inc. (NYSE:CMG) operates Chipotle Mexican Grill restaurants, offering burritos, burrito bowls, quesadillas, tacos, and salads.

Pershing Square took a 9.9% stake in the fast-casual Mexican food chain in 2016, insisting that its shares were undervalued.

At one point, Chipotle Mexican Grill, Inc. (NYSE:CMG) accounted for some of the biggest gains of Pershing Square Capital management gains. Ackman sold his stakes in the company in 2020 as COVID-19 was starting, insisting he did so to manage his portfolio.

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