Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill Canada Corp. • Chipotle Mexican Grill France SAS • Chipotle Mexican Grill Germany GMBH • Chipotle Mexican Grill of Berwyn Heights, LLC • Chipotle Mexican Grill of Colorado, LLC • Chipotle Mexican Grill of Kansas, LLC • Chipotle Mexican Grill of Maryland, LLC • Chipotle Mexican Grill Texas Holdings, LLC • Chipotle Mexican Grill U.S. Finance Co., LLC • Chipotle Mexican Grill UK Limited ...

IRS number

841219301

CMG stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$69.44

Low target

$58.00

High target

$75.00

TD Cowen

Maintains

Buy

$68.00

30 Oct 24

Loop Capital

Maintains

Hold

$58.00

30 Oct 24

Stephens & Co.

Maintains

Equal-Weight

$65.00

30 Oct 24

Latest filings (excl ownership)

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8-K

Departure of Directors or Certain Officers

20 Dec 24

8-K

Chipotle Names Scott Boatwright Chief Executive Officer and Member of the Board

29 Oct 24

Chipotle Announces Third Quarter 2024 Results

29 Oct 24

8-K

Chipotle Accelerates the Appointment of Adam Rymer to Cfo and Jamie Mcconnell to Chief Accounting and Administrative Officer

28 Aug 24

8-K

Chipotle Announces Ceo Departure

25 Jul 24

Chipotle Announces Second Quarter 2024 Results

24 Jul 24

8-K

Chipotle Announces Retirement of Cfo Jack Hartung In 2025

9 Jul 24

8-K

Amendments to Articles of Incorporation or Bylaws

7 Jun 24

Transcripts

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CMG

Earnings call transcript

2024 Q3

29 Oct 24

CMG

Earnings call transcript

2024 Q2

24 Jul 24

CMG

Earnings call transcript

2024 Q1

24 Apr 24

CMG

Earnings call transcript

2023 Q4

6 Feb 24

CMG

Earnings call transcript

2023 Q3

26 Oct 23

CMG

Earnings call transcript

2023 Q2

26 Jul 23

CMG

Earnings call transcript

2023 Q2

26 Jul 23

CMG

Earnings call transcript

2023 Q1

25 Apr 23

CMG

Earnings call transcript

2022 Q4

7 Feb 23

CMG

Earnings call transcript

2022 Q3

26 Oct 22

Latest ownership filings

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Notice of proposed sale of securities

Notice of proposed sale of securities

11 Dec 24

144

Notice of proposed sale of securities

Notice of proposed sale of securities

6 Dec 24

Christopher W Brandt

14 Nov 24

Financial summary

Financial statements Chart CMG financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	726.52 mm	726.52 mm	726.52 mm	726.52 mm	726.52 mm	726.52 mm
Cash burn (monthly)	35.89 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	144.37 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	582.14 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	16.2	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

CMG institutional ownership history Ownership history

83.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1505	1465	+2.7%
Opened positions	214	286	-25.2%
Closed positions	174	80	+117.5%
Increased positions	662	1156	-42.7%
Reduced positions	445	4	+11025.0%

13F shares	Current	Prev Q	Change
Total value	60.75 tn	72.51 tn	-16.2%
Total shares	1.14 bn	1.18 bn	-3.5%
Total puts	72.79 mm	89.51 mm	-18.7%
Total calls	59.77 mm	86.14 mm	-30.6%
Total put/call ratio	1.2	1.0	+17.2%

Largest owners	Shares	Value	Change
Vanguard	120.73 mm	$6.96 tn	+0.8%
BlackRock	111.42 mm	$6.42 tn	NEW
STT State Street	55.07 mm	$3.17 tn	-0.0%
T. Rowe Price	54.92 mm	$3.16 bn	+6.7%
JPM JPMorgan Chase & Co.	43.19 mm	$2.49 tn	-11.9%
Capital World Investors	42.57 mm	$2.45 tn	+7.7%
FMR	33.72 mm	$1.94 tn	-5.6%
Capital International Investors	28.85 mm	$1.66 tn	-4.6%
Pershing Square Capital Management	28.82 mm	$1.66 tn	0.0%
Geode Capital Management	28.08 mm	$1.61 tn	+1.6%

Largest transactions	Shares	Bought/sold	Change
BlackRock	111.42 mm	+111.42 mm	NEW
BLK BlackRock	0.00	-109.51 mm	EXIT
Norges Bank	0.00	-17.67 mm	EXIT
Jennison Associates	0.00	-14.47 mm	EXIT
D. E. Shaw & Co.	1.20 mm	-7.67 mm	-86.5%
Citadel Advisors	8.64 mm	+7.08 mm	+454.1%
JPM JPMorgan Chase & Co.	43.19 mm	-5.83 mm	-11.9%
Artisan Partners Limited Partnership	7.85 mm	-4.83 mm	-38.1%
Coatue Management	4.58 mm	+4.58 mm	NEW
Assenagon Asset Management	4.71 mm	+4.32 mm	+1087.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CMG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Jan 25	Brandt Christopher W	common stock	Gift	Acquire G	Yes	No	0	145,000	0.00	145,000
24 Jan 25	Brandt Christopher W	common stock	Gift	Dispose G	Yes	No	0	145,000	0.00	0
7 Jan 25	Garner Curtis E	common stock	Sell	Dispose S	No	No	58.2388	15,750	917.26 k	410,514
11 Dec 24	Schalow Laurie	common stock	Sell	Dispose S	No	No	65.1615	16,846	1.10 mm	168,946
10 Dec 24	Schalow Laurie	common stock	Sell	Dispose S	No	No	65.0057	4,404	286.29 k	185,792
9 Dec 24	Garner Curtis E	common stock	Sell	Dispose S	No	No	64.8897	1,032	66.97 k	426,264
9 Dec 24	Garner Curtis E	common stock	Sell	Dispose S	No	No	64.3327	14,718	946.85 k	427,296
6 Dec 24	Garner Curtis E	common stock	Sell	Dispose S	No	No	65.2493	44,549	2.91 mm	442,014
6 Dec 24	Garner Curtis E	common stock	Payment of exercise	Dispose F	No	No	65.205	5,451	355.43 k	486,563
6 Dec 24	Garner Curtis E	common stock	Option exercise	Acquire M	No	No	7.108	50,000	355.40 k	492,014