SAN DIEGO, Nov. 13, 2024 —  announces that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Chipotle Mexican Grill, Inc. (NYSE: CMG) common stock between February 8, 2024 and October 29, 2024, and those who purchased Chipotle call options or sold put options during this time. Chipotle “owns and operates Chipotle Mexican Grill restaurants, which feature a relevant menu of burritos, burrito bowls (a burrito without the tortilla), quesadillas, tacos, and salads.”

For more information, submit a ,  attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.

The Allegations: Robbins LLP is Investigating Allegations that Chipotle Mexican Grill, Inc. (CMG) Misled Investors Regarding the Impact of Customer Dissatisfaction on its Business  

The lawsuit alleges that during the class period, Chipotle executives failed to disclose that the company’s portion sizes were inconsistent and left many customers unhappy with the food. To address this issue and maintain customer loyalty, Chipotle would have to ensure more generous portions, which would increase its cost of sales. This information, the lawsuit claims, was not disclosed to investors.

The complaint alleges that on July 24, 2024, Chipotle held a conference call to discuss its second-quarter earnings. During the call, Chipotle acknowledged that portion inconsistency was an issue and that it had led to customer dissatisfaction. To address this, the company stated that it was “committed to making this investment to reinforce that Chipotle stands for a generous amount of delicious, fresh food at fair prices for every customer, every visit.” However, Chipotle also disclosed that this would result in higher costs of sales during the third quarter of 2024. On October 29, 2024, Chipotle conducted another earnings call for the third quarter, confirming that its costs of sales had increased from the previous year.

What Now: You may be eligible to participate in the class action against Chipotle Mexican Grill, Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by January 10, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.  You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click .

All representation is on a contingency fee basis. Shareholders pay no fees or expenses. 

About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.  Since our inception, we have obtained over $1 billion for shareholders.

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SOURCE Robbins LLP