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Chipotle Mexican Grill
CMG

$3,210.49
0.12%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 66 analysts
0
News positive %
of 108 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

79% more first-time investments, than exits

New positions opened: 195 | Existing positions closed: 109

23% more capital invested

Capital invested by funds: $57.3B [Q4 2023] → $70.7B (+$13.4B) [Q1 2024]

21% more funds holding in top 10

Funds holding in top 10: 24 [Q4 2023] → 29 (+5) [Q1 2024]

16% more repeat investments, than reductions

Existing positions increased: 449 | Existing positions reduced: 388

7% more funds holding

Funds holding: 1,164 [Q4 2023] → 1,250 (+86) [Q1 2024]

2.24% less ownership

Funds ownership: 91.25% [Q4 2023] → 89.01% (-2.24%) [Q1 2024]

35% less call options, than puts

Call options by funds: $4.79B | Put options by funds: $7.32B

Research analyst outlook

66 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$9
100%
downside
Avg. target
$3,029
6%
downside
High target
$3,888
21%
upside

66 analyst ratings

44 positive
67%
21 neutral
32%
negative
2%
Wedbush
Nick Setyan
0%downside
$3200
Neutral
Reiterated
21 Jun 2024
Baird
David Tarantino
9%upside
$3500
Outperform
Maintained
21 Jun 2024
Argus Research
John Staszak
21%upside
$3888
Buy
Maintained
18 Jun 2024
Wedbush
Nick Setyan
0%downside
$3200
Neutral
Reiterated
17 Jun 2024
TD Cowen
Andrew Charles
12%upside
$3600
Buy
Maintained
13 Jun 2024

Financial journalist opinion

Based on 108 articles about CMG published over the past 30 days