Chipotle Mexican GrillCMG
About: Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $11.3 billion in 2024. The Mexican concept is almost exclusively company-owned, with just three license stores operated through a master franchise relationship with Alshaya Group in the Middle East. It had a footprint of 3,726 stores at the end of 2024, 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: 130,504
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
137% more first-time investments, than exits
New positions opened: 237 | Existing positions closed: 100
31% more repeat investments, than reductions
Existing positions increased: 650 | Existing positions reduced: 498
7% more capital invested
Capital invested by funds: $65.5B [Q3] → $70.4B (+$4.89B) [Q4]
7% more funds holding
Funds holding: 1,499 [Q3] → 1,602 (+103) [Q4]
2.35% more ownership
Funds ownership: 83.11% [Q3] → 85.46% (+2.35%) [Q4]
21% less call options, than puts
Call options by funds: $4.09B | Put options by funds: $5.16B
38% less funds holding in top 10
Funds holding in top 10: 26 [Q3] → 16 (-10) [Q4]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
UBS Dennis Geiger 48% 1-year accuracy 10 / 21 met price target | 35%upside $65 | Buy Maintained | 16 Apr 2025 |
Keybanc Eric Gonzalez 44% 1-year accuracy 12 / 27 met price target | 25%upside $60 | Overweight Maintained | 15 Apr 2025 |
RBC Capital Logan Reich 26% 1-year accuracy 8 / 31 met price target | 35%upside $65 | Outperform Maintained | 14 Apr 2025 |
Baird David Tarantino 50% 1-year accuracy 15 / 30 met price target | 29%upside $62 | Outperform Maintained | 7 Apr 2025 |
Citigroup Jon Tower 40% 1-year accuracy 14 / 35 met price target | 29%upside $62 | Buy Maintained | 2 Apr 2025 |
Financial journalist opinion
Based on 24 articles about CMG published over the past 30 days
