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)
117% more first-time investments, than exits
New positions opened: 215 | Existing positions closed: 99
29% more repeat investments, than reductions
Existing positions increased: 626 | Existing positions reduced: 486
3% more funds holding
Funds holding: 1,496 [Q3] → 1,536 (+40) [Q4]
3% more capital invested
Capital invested by funds: $68.1B [Q3] → $70B (+$1.87B) [Q4]
1.37% less ownership
Funds ownership: 86.38% [Q3] → 85.01% (-1.37%) [Q4]
20% less call options, than puts
Call options by funds: $3.96B | Put options by funds: $4.97B
46% less funds holding in top 10
Funds holding in top 10: 26 [Q3] → 14 (-12) [Q4]
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
Stifel Chris O'Cull 81% 1-year accuracy 29 / 36 met price target | 32%upside $68 | Buy Maintained | 5 Feb 2025 |
Piper Sandler Brian Mullan 83% 1-year accuracy 10 / 12 met price target | 15%upside $59 | Neutral Maintained | 5 Feb 2025 |
Wells Fargo Zachary Fadem 67% 1-year accuracy 22 / 33 met price target | 36%upside $70 | Overweight Maintained | 5 Feb 2025 |
Citigroup Jon Tower 50% 1-year accuracy 17 / 34 met price target | 36%upside $70 | Buy Maintained | 5 Feb 2025 |
Keybanc Eric Gonzalez 45% 1-year accuracy 13 / 29 met price target | 24%upside $64 | Overweight Maintained | 5 Feb 2025 |
Financial journalist opinion
Based on 74 articles about CMG published over the past 30 days
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