Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of December 31, 2020, it owned and operated 2,724 Chipotle restaurants in the United States, 40 international Chipotle restaurants, and 4 non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
IPO Year: 2006
Exchange: NYSE
Website: chipotle.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/28/2025 | Buy → Hold | Argus | |
| 3/14/2025 | $58.00 → $65.00 | Hold → Buy | Loop Capital |
| 3/3/2025 | $65.00 → $70.00 | Equal-Weight → Overweight | Morgan Stanley |
| 2/5/2025 | $59.00 → $73.00 | Buy → Strong Buy | CFRA |
| 11/15/2024 | $70.00 | Outperform | RBC Capital Mkts |
| 8/14/2024 | $54.00 → $58.00 | Neutral → Outperform | Wedbush |
| 7/16/2024 | $3600.00 → $72.00 | Outperform | Evercore ISI |
| 6/13/2024 | $3730.00 | Buy | Goldman |
| 5/29/2024 | $3440.00 → $3520.00 | Buy | Truist |
| 5/22/2024 | $3300.00 → $3485.00 | Outperform | Oppenheimer |
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Argus downgraded Chipotle Mexican Grill from Buy to Hold
Loop Capital upgraded Chipotle Mexican Grill from Hold to Buy and set a new price target of $65.00 from $58.00 previously
Morgan Stanley upgraded Chipotle Mexican Grill from Equal-Weight to Overweight and set a new price target of $70.00 from $65.00 previously
CFRA upgraded Chipotle Mexican Grill from Buy to Strong Buy and set a new price target of $73.00 from $59.00 previously
RBC Capital Mkts resumed coverage of Chipotle Mexican Grill with a rating of Outperform and set a new price target of $70.00
Wedbush upgraded Chipotle Mexican Grill from Neutral to Outperform and set a new price target of $58.00 from $54.00 previously
Evercore ISI reiterated coverage of Chipotle Mexican Grill with a rating of Outperform and set a new price target of $72.00 from $3,600.00 previously
Goldman initiated coverage of Chipotle Mexican Grill with a rating of Buy and set a new price target of $3,730.00
Truist reiterated coverage of Chipotle Mexican Grill with a rating of Buy and set a new price target of $3,520.00 from $3,440.00 previously
Oppenheimer reiterated coverage of Chipotle Mexican Grill with a rating of Outperform and set a new price target of $3,485.00 from $3,300.00 previously
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From June 1 through August 31, "Summer of Extras" will give Chipotle's U.S. loyalty members the chance to earn extra benefits, extra points and extra free Chipotle. Chipotle is dropping 10,000 free burritos¹ into the wallets of lucky Rewards members who participate in "Summer of Extras" program, every week from June 1 through August 31.One Chipotle Rewards member in each of the 48 states the company operates in, plus Washington D.C., will win free burritos for a year. 1,2To participate in "Summer of Extras," fans can join Chipotle Rewards and opt in to the program at chipotle.com/summer-of-extras.NEWPORT BEACH, Calif., May 19, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today anno
Kidd brings over 25 years of operations and retail experience to the company's Executive CommitteeHartung to step down as an executive officer to become a senior advisor for the company effective June 1NEWPORT BEACH, Calif., May 6, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today announced that it hired Jason Kidd as its chief operating officer, effective May 19. Kidd will be responsible for overseeing operations of Chipotle's nearly 3,800 restaurants and will report directly to Chief Executive Officer Scott Boatwright, based in the company's Newport Beach headquarters. Additionally, after nearly 25 years with the company, President and Chief Strategy Officer Jack Hartung will st
The brand is inviting educators and healthcare professionals to sign up for a chance to receive free burritos* in celebration of Teacher Appreciation Week (May 5 through May 9) and National Nurses Week (May 6 through May 12) A total of 100,000 healthcare workers and 100,000 teachers, verified through ID.me, will receive free entrée e-gift cards, equivalent to over $2 million in free Chipotle in totalNEWPORT BEACH, Calif., April 30, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) announced today it will recognize both teachers and healthcare workers by awarding 200,000 professionals with free burrito e-cards, equivalent to over $2 million in free food*. Since 2016, the company has give
Chipotle is celebrating Cinco de Mayo bigger than ever before with five days of real food offersOn Cinco de Mayo, Chipotle's new "Ingredient Quest" gaming experience will task fans with finding and collecting virtual cards featuring Chipotle's 53 real ingredients throughout the Burrito Builder experience on Roblox to score 50,000 free burritos1From May 1 through May 5, guests can celebrate Cinco de Mayo with a $0 delivery fee offer2 with promo code DELIVER on the Chipotle app, Chipotle.com and Chipotle.caFrom May 3 through May 5, guests can enjoy free chips and Queso Blanco³ with promo code CINCO25 on the Chipotle app, Chipotle.com and Chipotle.ca NEWPORT BEACH, Calif., April 29, 2025 /PRNew
In partnership with Alsea, Chipotle expects to open its first location in Mexico by early 2026NEWPORT BEACH, Calif., April 21, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today announced it has signed a development agreement to open restaurants in Mexico for the first time. In partnership with Alsea, S.A.B. de C.V. (Alsea), a leading restaurant operator in Latin America and Europe, Chipotle will open a location in Mexico by early 2026 and begin exploring additional expansion markets in the region. "We are confident that our responsibly sourced, classically-cooked real food will resonate with guests in Mexico," said Nate Lawton, Chief Business Development Officer at Chipotle. "The
Fans who wear a hockey jersey at participating restaurants on April 21, 2025, after 3:00pm local time can score a BUY-ONE-GET-ONE (BOGO) dealChipotle and the National Hockey League (NHL) announce multiyear North American partnership extensionAs part of the partnership extension, Chipotle will be a National Hockey League Players' Association (NHLPA) partner for the first timeNEWPORT BEACH, Calif., April 16, 2025 /PRNewswire/ -- To celebrate the 2025 Stanley Cup® Playoffs, Chipotle Mexican Grill (NYSE:CMG) announced today a "Wear Your Hockey Jersey" program that will offer a BUY-ONE-GET-ONE (BOGO) deal on entrees to in-restaurant diners who wear a hockey jersey on Monday, April 21 after 3:00pm
Fans who crack the code to Chipotle's Burrito Vault have a chance to unlock a Buy-One-Get-One (BOGO) offer1 to enjoy on National Burrito Day, Thursday, April 3Burrito Vault, an interactive competition inspired by the popularity of digital word games, is returning to supercharge Chipotle superfans who played the game more than two million times in 2024 with more prizes than ever beforeChipotle Rewards members can celebrate National Burrito Day with a $0 delivery fee offer2NEWPORT BEACH, Calif., March 31, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today announced it is bringing back its wildly popular digital game, Burrito Vault, to give away up to 157,500 Buy-One-Get-One free entr
NEWPORT BEACH, Calif., March 18, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) will host a conference call on Wednesday, April 23, 2025 at 4:30 PM Eastern time to discuss first quarter 2025 financial results and provide a business update for the second quarter to date. A press release with first quarter financial results will be issued at approximately 4:10 PM Eastern time on Wednesday, April 23, 2025. Participants can join the conference call by dialing 1-888-317-6003 and will be prompted to enter the code 9708556. International callers can dial 1-412-317-6061 and will be prompted to enter the code 9708556. The call will also be webcast live from the Company's website on the in
The company's newest menu innovation brings chipotle heat with a touch of sweet to any orderChipotle Honey Chicken was Chipotle's best-selling limited-time offering in a market-wide test after it debuted in Nashville, Tenn. and Sacramento, Calif. in 2024Starting today, Chipotle Rewards members will get early access to the new protein on the Chipotle app, Chipotle.com and Chipotle.caAll guests in North America and Europe can try Chipotle Honey Chicken starting Friday, March 7NEWPORT BEACH, Calif., March 6, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today announced Chipotle Honey Chicken will be available across restaurants in North America and Europe for a limited time. Chipotle R
More than 40% of employed Americans think the Monday after the men's professional American football championship should be a national holiday in the U.S.1In response, Chipotle will give Monday, February 10 the holiday treatment with its "Extra Sunday" offer featuring the brand's biggest free Guac and Queso Blanco offer ever for Chipotle Rewards members.2The brand will also bring extra spice to gameday on Sunday, February 9, dropping up to 50,000 free entrée codes3 via X and Instagram every time something "extra" happens during the championship game.NEWPORT BEACH, Calif., Jan. 28, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today announced a new holiday called "Extra Sunday" as an
NEWPORT BEACH, Calif., March 18, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) will host a conference call on Wednesday, April 23, 2025 at 4:30 PM Eastern time to discuss first quarter 2025 financial results and provide a business update for the second quarter to date. A press release with first quarter financial results will be issued at approximately 4:10 PM Eastern time on Wednesday, April 23, 2025. Participants can join the conference call by dialing 1-888-317-6003 and will be prompted to enter the code 9708556. International callers can dial 1-412-317-6061 and will be prompted to enter the code 9708556. The call will also be webcast live from the Company's website on the in
NEWPORT BEACH, Calif., Dec. 3, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) will host a conference call on Tuesday, February 4, 2025 at 4:30 PM Eastern time to discuss fourth quarter and full year 2024 financial results and provide a business update for the 2025 first quarter to date. A press release with fourth quarter and full year 2024 financial results will be issued at approximately 4:10 PM Eastern time on Tuesday, February 4, 2025. Participants can join the conference call by dialing 1-888-317-6003 and will be prompted to enter the code 4898404. International callers can dial 1-412-317-6061 and will be prompted to enter the code 4898404. The call will also be webcast l
NEWPORT BEACH, Calif., Sept. 4, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) will host a conference call on Tuesday, October 29, 2024 at 4:30 PM Eastern time to discuss third quarter financial results and provide a business update for the fourth quarter to date. A press release with third quarter financial results will be issued at approximately 4:10 PM Eastern time on Tuesday, October 29, 2024. Participants can join the conference call by dialing 1-888-317-6003 and will be prompted to enter the code 0106477. International callers can dial 1-412-317-6061 and will be prompted to enter the code 0106477. The call will also be webcast live from the Company's website on the investor
CMG will begin trading following the company's historic 50-for-1 stock splitAfter market close yesterday, shareholders of record as of June 18, 2024, received 49 additional shares for each share heldNEWPORT BEACH, Calif., June 26, 2024 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE:CMG) today announced that its 50-for-1 stock split was effective after market close yesterday and its shares will begin trading on a post-split basis today. After market close yesterday, shareholders of record as of June 18, 2024, received 49 additional shares for each share held. To commemorate this special event and in recognition of the company's strong performance, Chipotle will offer a special one-time eq
This is one of the biggest stock splits in New York Stock Exchange (NYSE) historyThe record date is June 18 and the stock will begin trading on a post-split basis on June 26NEWPORT BEACH, Calif., June 6, 2024 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE:CMG) today announced that during its annual meeting, its shareholders approved an increase in the number of authorized shares of its common stock, which is necessary to facilitate the company's 50-for-1 stock split. This will be one of the biggest stock splits in New York Stock Exchange (NYSE) history. Shareholders of record as of June 18, 2024 will receive 49 additional shares for each share held, which will be distributed after market
NEWPORT BEACH, Calif., June 5, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) will host a conference call on Wednesday, July 24, 2024 at 4:30 PM Eastern time to discuss second quarter financial results and provide a business update for the third quarter to date. A press release with first quarter financial results will be issued at approximately 4:10 PM Eastern time on Wednesday, July 24, 2024. Participants can join the conference call by dialing 1-888-317-6003 and will be prompted to enter the code 5419901. International callers can dial 1-412-317-6061 and will be prompted to enter the code 5419901. The call will also be webcast live from the Company's website on the investor r
RESTAURANT GENERAL MANAGERS WILL RECEIVE SPECIAL EQUITY GRANT NEWPORT BEACH, Calif., March 19, 2024 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE:CMG) today announced that its Board of Directors approved a 50-for-one split of its common stock. This would be one of the biggest stock splits in New York Stock Exchange (NYSE) history. The stock split is subject to shareholder approval of an amendment to the Company's Certificate of Incorporation to increase the number of authorized shares of common stock to accommodate the stock split. The company intends to seek shareholder approval for this amendment at its upcoming annual meeting on June 6, 2024. If the Certificate of Incorporation amend
NEWPORT BEACH, Calif., March 5, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) will host a conference call on Wednesday, April 24, 2024 at 4:30 PM Eastern time to discuss first quarter financial results and provide a business update for the second quarter to date. A press release with first quarter financial results will be issued at approximately 4:10 PM Eastern time on Wednesday, April 24, 2024. Participants can join the conference call by dialing 1-888-317-6003 and will be prompted to enter the code 7358132. International callers can dial 1-412-317-6061 and will be prompted to enter the code 7358132. The call will also be webcast live from the Company's website on the investor re
NEWPORT BEACH, Calif., Dec. 7, 2023 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) will host a conference call on Tuesday, February 6, 2024 at 4:30 PM Eastern time to discuss fourth quarter and full year 2023 financial results and provide a business update for the 2024 first quarter to date. A press release with fourth quarter and full year 2023 financial results will be issued at approximately 4:10 PM Eastern time on Tuesday, February 6, 2024. Participants can join the conference call by dialing 1-888-317-6003 and will be prompted to enter the code 2191312. Internat
NEWPORT BEACH, Calif., Sept. 7, 2023 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) will host a conference call on Thursday, October 26, 2023 at 4:30 PM Eastern time to discuss third quarter financial results and provide a business update for the fourth quarter to date. A press release with third quarter financial results will be issued at approximately 4:10 PM Eastern time on Thursday, October 26, 2023. Participants can join the conference call by dialing 1-888-317-6003 and will be prompted to enter the code 3311473. International callers can dial 1-412-317-6061 and will be prompted to enter the code 3311473. The call will also be webcast live from the Company's website on the investor
From June 1 through August 31, "Summer of Extras" will give Chipotle's U.S. loyalty members the chance to earn extra benefits, extra points and extra free Chipotle. Chipotle is dropping 10,000 free burritos¹ into the wallets of lucky Rewards members who participate in "Summer of Extras" program, every week from June 1 through August 31.One Chipotle Rewards member in each of the 48 states the company operates in, plus Washington D.C., will win free burritos for a year. 1,2To participate in "Summer of Extras," fans can join Chipotle Rewards and opt in to the program at chipotle.com/summer-of-extras.NEWPORT BEACH, Calif., May 19, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today anno
Kidd brings over 25 years of operations and retail experience to the company's Executive CommitteeHartung to step down as an executive officer to become a senior advisor for the company effective June 1NEWPORT BEACH, Calif., May 6, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today announced that it hired Jason Kidd as its chief operating officer, effective May 19. Kidd will be responsible for overseeing operations of Chipotle's nearly 3,800 restaurants and will report directly to Chief Executive Officer Scott Boatwright, based in the company's Newport Beach headquarters. Additionally, after nearly 25 years with the company, President and Chief Strategy Officer Jack Hartung will st
The popular "Chipotle segments" on Strava are expanding to 25 cities, including international destinations for the first timeChipotle will motivate guests to achieve their goals with a new "Goals, Gym, Guac" motivational text message community, providing exclusive creator content and a chance to score a free Lifestyle Bowl offer1 on "No Quitters Day," January 10Chipotle's lineup of seven Lifestyle Bowls makes maintaining a healthy lifestyle easier than everNEWPORT BEACH, Calif., Jan. 2, 2025 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today announced that its partnership with Strava, the app for active people with more than 135 million users in more than 190 countries, is back and bigg
Former CFO Jack Hartung to remain with the organization indefinitely as President and Chief Strategy Officer, beginning October 1, 202415-year Chipotle veteran, Rymer, and 6-year veteran, McConnell, will assume their new roles, beginning October 1, 2024NEWPORT BEACH, Calif., Aug. 28, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today announced that it has accelerated the appointment of Adam Rymer to Chief Financial Officer, beginning October 1, 2024. Rymer will serve on Chipotle's executive leadership team and report to Scott Boatwright, Interim Chief Executive Officer. Former Chief Financial and Administrative Officer, Jack Hartung, will serve in his new role indefinitely as Presi
CHIPOTLE VETERAN ADAM RYMER NAMED SUCCESSOR NEWPORT BEACH, Calif., July 9, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today announced that after nearly 25 years with the company, Jack Hartung has decided to retire, effective March 31, 2025. Hartung has served as Chief Financial Officer since 2002. The company also reported that Adam Rymer, a 15-year Chipotle veteran will assume the role of Chief Financial Officer, beginning January 1, 2025. Rymer joined Chipotle in 2009 and currently serves as Vice President of Finance, overseeing its Corporate Finance, Field Finan
For more than 20 years, Chipotle's iconic Celebrity Card has been primarily gifted to brand superfans who are athletes, artists, musicians, or influencersAt a time when social media and the speed of culture are redefining who is considered a celebrity, Chipotle is giving all fans the chance to receive a coveted Chipotle Celebrity CardFrom June 24 through July 3, fans can apply to become a Chipotle Celebrity Card holder via LinkedIn Easy Apply*Chipotle Celebrity Cards grant holders access to free Chipotle meals and catering for one yearNEWPORT BEACH, Calif., June 24, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today announced that it is accepting applications on LinkedIn for its co
Chipotle unveils a curated list of its most unique restaurant locations for memorable Valentine's Day diningPeople with the word "Chipotle" in their online dating profiles are 2.4 times more likely to strike up a conversation with a potential matchChipotle will offer new Valentine's Day-themed virtual and physical gift cards for burrito loversNEWPORT BEACH, Calif., Feb. 1, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today launched a new Must-Visit Restaurant list featuring its most unique locations around the world, just in time for Valentine's Day. Whether fans are in a situationship or have proven their love by knowing their partner's Chipotle order, these restaurants feature ic
NEWPORT BEACH, Calif., Sept. 14, 2023 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today announced a new addition to its board of directors, Laura Fuentes, effective September 15. Brian Niccol, Chairman and Chief Executive Officer, stated: "We are pleased to welcome Laura to Chipotle's board. Her people leadership experience and deep understanding of the global hospitality industry will be pivotal in helping Chipotle to deliver added value to our guests, communities, employees and shareholders." With Ms. Fuentes' election, the Chipotle board will now be comprised of 10 di
Yiannas brings vast background in food safety to Chipotle's Food Safety Advisory CouncilJoining a group of independent experts, the former FDA Deputy Commissioner will review and advise on ways to further strengthen Chipotle's food safety culture, policies, and proceduresNEWPORT BEACH, Calif., April 13, 2023 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:CMG) today announced the appointment of Frank Yiannas to the company's Food Safety Advisory Council. Most recently serving as the Deputy Commissioner at the U.S. Food and Drug Administration (FDA), Yiannas will join a group of independent experts commissioned to ensure Chipotle's food safety standards continue to evolve and serve as best pract