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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
0.38% more ownership
Funds ownership: 85.63% [Q4 2024] → 86.0% (+0.38%) [Q1 2025]
6% less repeat investments, than reductions
Existing positions increased: 567 | Existing positions reduced: 604
6% less funds holding
Funds holding: 1,612 [Q4 2024] → 1,522 (-90) [Q1 2025]
17% less capital invested
Capital invested by funds: $70.5B [Q4 2024] → $58.5B (-$12.1B) [Q1 2025]
18% less funds holding in top 10
Funds holding in top 10: 17 [Q4 2024] → 14 (-3) [Q1 2025]
23% less call options, than puts
Call options by funds: $1.71B | Put options by funds: $2.23B
27% less first-time investments, than exits
New positions opened: 148 | Existing positions closed: 202
Research analyst outlook
18 Wall Street Analysts provided 1 year price targets over the past 3 months
18 analyst ratings
Citigroup Jon Tower | 21%upside $68 | Buy Maintained | 10 Jul 2025 |
Truist Securities Jake Bartlett | 14%upside $64 | Buy Maintained | 9 Jul 2025 |
Baird David Tarantino | 11%upside $62 | Outperform Maintained | 2 Jul 2025 |
Barclays Jeffrey Bernstein | 4%downside $54 | Equal-Weight Maintained | 26 Jun 2025 |
TD Securities Andrew Charles | 2%upside $57 | Buy Reiterated | 18 Jun 2025 |
Financial journalist opinion
Based on 17 articles about CMG published over the past 30 days









