Chipotle Mexican Grill
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 filings by fund managers ($100M+ AUM)
132% more first-time investments, than exits
New positions opened: 232 | Existing positions closed: 100
28% more repeat investments, than reductions
Existing positions increased: 645 | Existing positions reduced: 502
6% more funds holding
Funds holding: 1,499 [Q3] → 1,595 (+96) [Q4]
3% more capital invested
Capital invested by funds: $68B [Q3] → $70.4B (+$2.38B) [Q4]
0.82% less ownership
Funds ownership: 86.27% [Q3] → 85.45% (-0.82%) [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
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
JP Morgan John Ivankoe 0 / 0 met price target | 16%upside $58 | Neutral Maintained | 20 Mar 2025 |
Stifel Chris O'Cull 20% 1-year accuracy 1 / 5 met price target | 29%upside $65 | Buy Maintained | 19 Mar 2025 |
Loop Capital Alton Stump 100% 1-year accuracy 1 / 1 met price target | 29%upside $65 | Buy Upgraded | 14 Mar 2025 |
Morgan Stanley Brian Harbour 0% 1-year accuracy 0 / 1 met price target | 39%upside $70 | Overweight Upgraded | 3 Mar 2025 |
Piper Sandler Brian Mullan 0 / 0 met price target | 18%upside $59 | Neutral Maintained | 5 Feb 2025 |
Financial journalist opinion
Based on 46 articles about CMG published over the past 30 days
