Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Chipotle Mexican Grill / Equity Bottom-Up

<ul><li>Chipotle delivered a mixed set of results in its most recent result with revenues falling short of Wall Street expectations but above-par earnings.</li><li>The rise in Chipotle’s overall revenue was driven by an upsurge in comparable restaurant sales and also new restaurant openings.</li><li>Lately, Chipotle announced its foremost development pact with Alshaya Group for opening several restaurants in the region of Middle East.</li></ul>

Chipotle delivered a mixed set of results in its most recent result with revenues falling short of Wall Street expectations but above-par earnings.The rise in Chipotle’s overall revenue was driven by an upsurge in comparable restaurant sales and also new restaurant openings.Lately, Chipotle announced its foremost development pact with Alshaya Group for opening several restaurants in the region of Middle East.

Chipotle Mexican Grill: Efficiency Boost From Increasing Restaurant-Level Automation To Boost Future Margins? – Key Drivers

<ul><li>It was a successful quarter for Chipotle Mexican Grill, reporting an all-around beat.</li><li>The company’s quarterly sales were $2.4 billion and it retained about 80% of digital sales and has recovered almost 80% of in-restaurant sales.</li><li>We give Chipotle Mexican Grill a 'Hold' rating with a revised target price.</li></ul>

It was a successful quarter for Chipotle Mexican Grill, reporting an all-around beat.The company’s quarterly sales were $2.4 billion and it retained about 80% of digital sales and has recovered almost 80% of in-restaurant sales.We give Chipotle Mexican Grill a 'Hold' rating with a revised target price.

Chipotle Mexican Grill Inc.: Improved Digital Capabilities & A 6

<ul><li>Chipotle Mexican Grill delivered a highly disappointing result for the last quarter.</li><li>The company failed to meet the revenue expectations as well as the earnings expectations of Wall Street despite AUVs expansion and improved restaurant-level margin.</li><li>The management faced several challenges this quarter, including one of the highest inflationary periods and an uncertain macro environment.</li></ul>

Chipotle Mexican Grill delivered a highly disappointing result for the last quarter.The company failed to meet the revenue expectations as well as the earnings expectations of Wall Street despite AUVs expansion and improved restaurant-level margin.The management faced several challenges this quarter, including one of the highest inflationary periods and an uncertain macro environment.

Chipotle Mexican Grill Inc.: Launch of Farmesa & Other Drivers

<ul><li>Chipotle Mexican Grill delivered a mixed set of results.</li><li>In the quarter, Chipotle continues to view broadening trends by the income levels with the consumers with lower income reducing frequency.</li><li>We provide the stock of Chipotle Mexican Grill with a ‘Hold’ rating and a revision in the target price.</li></ul>

Chipotle Mexican Grill delivered a mixed set of results.In the quarter, Chipotle continues to view broadening trends by the income levels with the consumers with lower income reducing frequency.We provide the stock of Chipotle Mexican Grill with a ‘Hold’ rating and a revision in the target price.

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<ul>
<li>We discuss how White Castle, which has one of the most loyal customer base for franchise burger chain in the United States, has been using robots to make French fries.</li>
<li>In February 2022, White Castle started to roll out Miso Robotics' Flippy 2 machine robots on about White Castle 100 restaurants in the United States.</li>
<li>In the next several years, there is a real chance for McDonald's, White Castle, and Burger King to replace human workers making French fries and burgers with robots.</li>
</ul>


We discuss how White Castle, which has one of the most loyal customer base for franchise burger chain in the United States, has been using robots to make French fries.
In February 2022, White Castle started to roll out Miso Robotics' Flippy 2 machine robots on about White Castle 100 restaurants in the United States.
In the next several years, there is a real chance for McDonald's, White Castle, and Burger King to replace human workers making French fries and burgers with robots.


White Castles' Kitchen Robots - Impact on McDonald's & Global Fast Food Franchises

United States

Chipotle Mexican Grill, Inc. owns and operates quick serve Mexican restaurants. The Company manages restaurants throughout the United States.

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Chipotle Mexican Grill (CMG US)

Chipotle Mexican Grill: Efficiency Boost From Increasing Restaurant-Level Automation To Boost Future Margins? – Key Drivers

Chipotle delivered a mixed set of results in its most recent result with revenues falling short of Wall Street expectations but above-par...

Baptista Research

Chipotle Mexican Grill Inc.: Improved Digital Capabilities & A 6

It was a successful quarter for Chipotle Mexican Grill, reporting an all-around beat. The company’s quarterly sales were $2.4 billion and it...

Baptista Research

Chipotle Mexican Grill Inc.: Launch of Farmesa & Other Drivers

Chipotle Mexican Grill delivered a highly disappointing result for the last quarter. The company failed to meet the revenue expectations as well...

Baptista Research

Chipotle Mexican Grill: Major Drivers

Chipotle Mexican Grill delivered a mixed set of results. In the quarter, Chipotle continues to view broadening trends by the income levels with...

Baptista Research

White Castles' Kitchen Robots - Impact on McDonald's & Global Fast Food Franchises

In the next several years, there is a real chance for McDonald's, White Castle, and Burger King to replace human workers making French fries and...

Douglas Kim

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52-week Range

Market Cap (USDm)

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