Deals

Ackman Builds on His 2019 Rebound as Chipotle Rallies to Record

Investor has made about $730 million: Bloomberg calculations
Food safety concerns are behind Chipotle with Niccol at helm

Employees prepare lunch orders at a Chipotle Mexican Grill restaurant at Madison Square Park in New York.
Photographer: Craig Warga/Bloomberg

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By Scott Deveau and Craig Giammona

July 15, 2019 at 1:53 PM UTC

Updated on

July 15, 2019 at 8:29 PM UTC

This article is for subscribers only.

Bill Ackman has made about $730 million betting on burritos.

The value of the billionaire investor’s stake in Chipotle Mexican Grill Inc. has surged as the restaurant chain rose to a record Monday, more than three years after a food-safety crisis tarnished the brand and battered its shares.