Chipotle Mexican GrillCMG
Market Cap: $73.5B
About: Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
Employees: 116,068
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
29,200% more repeat investments, than reductions
Existing positions increased: 1,172 | Existing positions reduced: 4
212% more first-time investments, than exits
New positions opened: 256 | Existing positions closed: 82
14% more funds holding
Funds holding: 1,264 [Q1] → 1,438 (+174) [Q2]
9% more capital invested
Capital invested by funds: $72B [Q1] → $78.6B (+$6.6B) [Q2]
8% less call options, than puts
Call options by funds: $7.11B | Put options by funds: $7.72B
5.54% less ownership
Funds ownership: 91.49% [Q1] → 85.95% (-5.54%) [Q2]
7% less funds holding in top 10
Funds holding in top 10: 29 [Q1] → 27 (-2) [Q2]
Research analyst outlook
40 Wall Street Analysts provided 1 year price targets over the past 3 months
40 analyst ratings
Wedbush Nick Setyan 57% 1-year accuracy 51 / 90 met price target | 8%upside $58 | Outperform Reiterated | 29 Aug 2024 |
Evercore ISI Group David Palmer 55% 1-year accuracy 11 / 20 met price target | 10%upside $59 | Outperform Maintained | 14 Aug 2024 |
Baird David Tarantino 58% 1-year accuracy 11 / 19 met price target | 16%upside $62 | Outperform Maintained | 14 Aug 2024 |
Stifel Chris O'Cull 68% 1-year accuracy 23 / 34 met price target | 30%upside $70 | Buy Maintained | 14 Aug 2024 |
Deutsche Bank Lauren Silberman 67% 1-year accuracy 12 / 18 met price target | 25%upside $67 | Buy Maintained | 14 Aug 2024 |
Financial journalist opinion
Based on 97 articles about CMG published over the past 30 days