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 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
17% more call options, than puts
Call options by funds: $2B | Put options by funds: $1.72B
13% more capital invested
Capital invested by funds: $58.5B [Q1] → $66.2B (+$7.74B) [Q2]
1.6% more ownership
Funds ownership: 85.99% [Q1] → 87.59% (+1.6%) [Q2]
7% more first-time investments, than exits
New positions opened: 160 | Existing positions closed: 150
0% more funds holding in top 10
Funds holding in top 10: 14 [Q1] → 14 (+0) [Q2]
5% less repeat investments, than reductions
Existing positions increased: 561 | Existing positions reduced: 593
2% less funds holding
Funds holding: 1,535 [Q1] → 1,506 (-29) [Q2]
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
17 analyst ratings
Raymond James Brian Vaccaro | 32%upside $56 | Outperform Maintained | 15 Aug 2025 |
Piper Sandler Brian Mullan | 18%upside $50 | Overweight Upgraded | 12 Aug 2025 |
Truist Securities Jake Bartlett | 41%upside $60 | Buy Maintained | 25 Jul 2025 |
Guggenheim Gregory Francfort | 8%upside $46 | Neutral Maintained | 25 Jul 2025 |
Citigroup Jon Tower | 46%upside $62 | Buy Maintained | 24 Jul 2025 |
Financial journalist opinion
Based on 55 articles about CMG published over the past 30 days









