Symbols / CMG Stock $29.28 -4.17% Chipotle Mexican Grill, Inc.

Consumer Cyclical • Restaurants • United States • NYQ
CMG (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Cyclical
Industry Restaurants
CEO Mr. Scott Boatwright
Exch · Country NYQ · United States
Market Cap 37.55B
Enterprise Value 43.56B
Income 1.45B
Sales 12.14B
FCF (ttm) 1.09B
Book/sh 1.87
Cash/sh 0.68
Employees 135,000
Insider 10d —
IPO Jan 26, 2006
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 26.86
Forward P/E 21.55
PEG 1.71
P/S 3.09
P/B 15.65
P/C —
EV/EBITDA 18.91
EV/Sales 3.59
Quick Ratio 0.78
Current Ratio 0.92
Debt/Eq 217.88
LT Debt/Eq —
EPS (ttm) 1.09
EPS next Y 1.36
EPS Growth -17.90%
Revenue Growth 7.40%
EPS Gr Q/Q -21.70%
Rev Gr Q/Q —
Earnings (next) 2026-07-29
Earnings (prior) 2026-04-29
ROA 13.54%
ROE 49.23%
ROIC —
Gross Margin 39.65%
Oper. Margin 13.27%
Profit Margin 11.96%
Shs Outstand 1.28B
Shs Float 1.27B
Insider Own 0.66%
Instit Own 92.53%
Short Float 3.75%
Short Ratio 2.49
Short Interest 42.50M
52W High 58.42
vs 52W High -49.89%
52W Low 29.10
vs 52W Low 0.60%
Beta 1.03
Impl. Vol. 37.99%
Rel Volume 0.91
Avg Volume 16.46M
Volume 14.92M
Target (mean) $43.33
Tgt Median $44.00
Tgt Low $35.00
Tgt High $52.00
# Analysts 33
Recom Buy
Prev Close $30.55
Price $29.27
Change -4.17%
About

Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages, such as burritos, burrito bowls, quesadillas, tacos, and salads, as well as kids's meals, chips, and sides. It offers Mexican-inspired meals using responsibly sourced meats, such as chicken, beef, and pork branded as Responsibly Raised. The company also provides digital ordering through its website, mobile app, and third-party delivery platforms. It has operations in the United States, Canada, France, Germany, and the United Kingdom. Chipotle Mexican Grill, Inc. was founded in 1993 and is headquartered in Newport Beach, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$43.33
Mean price target
2. Current target
$29.28
Latest analyst target
3. DCF / Fair value
$15.27
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$29.28
Low
$35.00
High
$52.00
Mean
$43.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-05 up Argus Research Hold → Buy $40
2026-05-01 main Guggenheim Neutral → Neutral $35
2026-04-30 main Citigroup Buy → Buy $46
2026-04-30 main BNP Paribas Neutral → Neutral $39
2026-04-30 reit RBC Capital Outperform → Outperform $45
2026-04-30 main Piper Sandler Overweight → Overweight $42
2026-04-30 main Barclays Equal-Weight → Equal-Weight $38
2026-04-30 reit TD Cowen Buy → Buy $44
2026-04-30 reit BTIG Buy → Buy $45
2026-04-30 main Stephens & Co. Equal-Weight → Equal-Weight $39
2026-04-21 main Raymond James Outperform → Outperform $41
2026-04-17 main RBC Capital Outperform → Outperform $45
2026-04-14 main Citigroup Buy → Buy $44
2026-03-20 reit TD Cowen Buy → Buy $44
2026-03-20 up Mizuho Neutral → Outperform $40
2026-03-06 init DA Davidson — → Buy $51
2026-02-05 reit Argus Research Hold → Hold —
2026-02-04 main Citigroup Buy → Buy $49
2026-02-04 main Mizuho Neutral → Neutral $37
2026-02-04 main Morgan Stanley Overweight → Overweight $49
News
RSS: Latest CMG news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-20 BALDOCCHI ALBERT STEVEN Director — 6,672 $0.00 $0
2026-02-24 FILI-KRUSHEL PATRICIA D Director — 3,350 $36.58 $122,543
2026-02-13 GARNER CURTIS EVANDER III President — 254,846 $0.00 $0
2026-02-13 BUSH MATTHEW R Officer — 6,416 $0.00 $0
2026-02-13 BOATWRIGHT HENRY SCOTT Chief Executive Officer — 229,457 $0.00 $0
2026-02-13 SCHALOW LAURIE Officer — 76,577 $0.00 $0
2026-02-13 RYMER ADAM T Chief Financial Officer — 25,526 $0.00 $0
2026-02-06 GARNER CURTIS EVANDER III President — 61,077 $40.01 $2,443,856
2026-02-06 GARNER CURTIS EVANDER III President — 86,100 $11.66 $1,003,530
2026-02-06 BUSH MATTHEW R Officer — 3,174 $39.39 $125,024
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
11,925.60
+5.41%
11,313.85
+14.61%
9,871.65
+14.33%
8,634.65
Operating Revenue
11,925.60
+5.41%
11,313.85
+14.61%
9,871.65
+14.33%
8,634.65
Cost Of Revenue
8,899.39
+7.27%
8,296.16
+13.87%
7,285.56
+10.85%
6,572.53
Reconciled Cost Of Revenue
8,899.39
+7.27%
8,296.16
+13.87%
7,285.56
+10.85%
6,572.53
Gross Profit
3,026.21
+0.28%
3,017.69
+16.69%
2,586.09
+25.41%
2,062.12
Operating Expense
1,013.40
-1.85%
1,032.51
+8.35%
952.98
+11.98%
851.02
Selling General And Administration
652.02
-6.52%
697.48
+10.09%
633.58
+12.30%
564.19
General And Administrative Expense
652.02
-6.52%
697.48
+10.09%
633.58
+12.30%
564.19
Other Gand A
652.02
-6.52%
697.48
+10.09%
633.58
+12.30%
564.19
Other Operating Expenses
—
—
—
29.56
Total Expenses
9,912.79
+6.26%
9,328.67
+13.23%
8,238.53
+10.98%
7,423.55
Operating Income
2,012.81
+1.39%
1,985.18
+21.56%
1,633.11
+34.85%
1,211.10
Total Operating Income As Reported
1,935.80
+1.02%
1,916.33
+23.01%
1,557.81
+34.25%
1,160.40
EBITDA
2,374.19
+2.33%
2,320.21
+18.83%
1,952.51
+30.35%
1,497.93
Normalized EBITDA
2,451.20
+2.60%
2,389.05
+17.81%
2,027.81
+30.94%
1,548.63
Reconciled Depreciation
361.38
+7.87%
335.03
+4.90%
319.39
+11.35%
286.83
EBIT
2,012.81
+1.39%
1,985.18
+21.56%
1,633.11
+34.85%
1,211.10
Total Unusual Items
-77.01
-11.86%
-68.85
+8.57%
-75.30
-48.53%
-50.70
Total Unusual Items Excluding Goodwill
-77.01
-11.86%
-68.85
+8.57%
-75.30
-48.53%
-50.70
Special Income Charges
-77.01
-11.86%
-68.85
+8.57%
-75.30
-48.53%
-50.70
Other Special Charges
49.51
+18.16%
41.90
+13.45%
36.93
+24.94%
29.56
Impairment Of Capital Assets
27.50
+2.06%
26.95
-29.77%
38.37
+81.51%
21.14
Net Income
1,535.76
+0.11%
1,534.11
+24.85%
1,228.74
+36.66%
899.10
Pretax Income
2,009.52
-0.04%
2,010.23
+24.05%
1,620.51
+37.15%
1,181.53
Net Non Operating Interest Income Expense
73.72
-21.49%
93.90
+49.77%
62.69
+196.73%
21.13
Net Interest Income
73.72
-21.49%
93.90
+49.77%
62.69
+196.73%
21.13
Interest Income Non Operating
73.72
-21.49%
93.90
+49.77%
62.69
+196.73%
21.13
Interest Income
73.72
-21.49%
93.90
+49.77%
62.69
+196.73%
21.13
Other Income Expense
-77.01
-11.86%
-68.85
+8.57%
-75.30
-48.53%
-50.70
Tax Provision
473.76
-0.50%
476.12
+21.53%
391.77
+38.71%
282.43
Tax Rate For Calcs
0.00
-0.46%
0.00
-2.13%
0.00
+1.26%
0.00
Tax Effect Of Unusual Items
-18.16
-11.34%
-16.31
+10.52%
-18.22
-50.39%
-12.12
Net Income Including Noncontrolling Interests
1,535.76
+0.11%
1,534.11
+24.85%
1,228.74
+36.66%
899.10
Net Income From Continuing Operation Net Minority Interest
1,535.76
+0.11%
1,534.11
+24.85%
1,228.74
+36.66%
899.10
Net Income From Continuing And Discontinued Operation
1,535.76
+0.11%
1,534.11
+24.85%
1,228.74
+36.66%
899.10
Net Income Continuous Operations
1,535.76
+0.11%
1,534.11
+24.85%
1,228.74
+36.66%
899.10
Normalized Income
1,594.62
+0.50%
1,586.65
+23.40%
1,285.82
+37.13%
937.68
Net Income Common Stockholders
1,535.76
+0.11%
1,534.11
+24.85%
1,228.74
+36.66%
899.10
Diluted EPS
1.14
+2.70%
1.11
+25.17%
0.89
+38.39%
0.64
Basic EPS
1.15
+2.68%
1.12
+25.59%
0.89
+38.14%
0.65
Basic Average Shares
1,337.34
-2.27%
1,368.34
-0.68%
1,377.75
-1.06%
1,392.55
Diluted Average Shares
1,342.62
-2.47%
1,376.56
-0.65%
1,385.50
-1.25%
1,403.10
Diluted NI Availto Com Stockholders
1,535.76
+0.11%
1,534.11
+24.85%
1,228.74
+36.66%
899.10
Depreciation Amortization Depletion Income Statement
361.38
+7.87%
335.03
+4.90%
319.39
+11.35%
286.83
Depreciation And Amortization In Income Statement
361.38
+7.87%
335.03
+4.90%
319.39
+11.35%
286.83
Rent Expense Supplemental
624.90
+10.92%
563.37
+11.94%
503.26
+9.30%
460.43
Line Item Trend 2023-12-31 2022-12-31 2021-12-31
Total Assets
8,044.36
+16.12%
6,927.50
—
Current Assets
1,620.71
+37.83%
1,175.84
—
Cash Cash Equivalents And Short Term Investments
1,295.45
+44.08%
899.14
—
Cash And Cash Equivalents
560.61
+45.99%
384.00
—
Cash Equivalents
432.15
—
—
Cash Financial
128.46
—
—
Other Short Term Investments
734.84
+42.65%
515.14
—
Receivables
168.50
+8.97%
154.62
—
Accounts Receivable
115.53
+8.10%
106.88
—
Gross Accounts Receivable
118.28
—
—
Allowance For Doubtful Accounts Receivable
-2.74
—
—
Taxes Receivable
52.96
+10.93%
47.74
—
Inventory
39.31
+10.21%
35.67
—
Prepaid Assets
97.67
+13.03%
86.41
—
Other Current Assets
19.79
-77.10%
86.41
—
Total Non Current Assets
6,423.65
+11.68%
5,751.67
—
Net PPE
5,748.59
+9.42%
5,253.55
—
Gross PPE
7,730.61
+10.62%
6,988.14
—
Accumulated Depreciation
-1,982.02
-14.26%
-1,734.59
—
Properties
0.00
0.00
—
Land And Improvements
12.94
+0.00%
12.94
—
Machinery Furniture Equipment
267.29
+10.38%
242.17
—
Construction In Progress
161.72
+31.00%
123.45
—
Other Properties
4,692.78
+9.33%
4,292.30
—
Leases
2,595.87
+12.02%
2,317.28
—
Goodwill And Other Intangible Assets
21.94
+0.00%
21.94
—
Goodwill
21.94
+0.00%
21.94
—
Investments And Advances
564.49
+45.47%
388.06
—
Other Non Current Assets
88.64
+0.58%
88.12
—
Total Liabilities Net Minority Interest
4,982.15
+9.27%
4,559.48
—
Current Liabilities
1,030.62
+11.80%
921.88
—
Payables And Accrued Expenses
512.18
+1.91%
502.56
—
Payables
239.72
+8.90%
220.13
—
Accounts Payable
197.65
+7.09%
184.57
—
Current Accrued Expenses
272.46
-3.53%
282.43
—
Pensionand Other Post Retirement Benefit Plans Current
30.52
—
—
Total Tax Payable
42.07
+18.29%
35.57
—
Current Debt And Capital Lease Obligation
248.07
+5.01%
236.25
—
Current Capital Lease Obligation
248.07
+5.01%
236.25
—
Current Deferred Liabilities
209.68
+14.53%
183.07
—
Current Deferred Revenue
209.68
+14.53%
183.07
—
Total Non Current Liabilities Net Minority Interest
3,951.53
+8.63%
3,637.60
—
Long Term Debt And Capital Lease Obligation
3,803.55
+8.82%
3,495.16
—
Long Term Capital Lease Obligation
3,803.55
+8.82%
3,495.16
—
Non Current Deferred Liabilities
89.11
-9.65%
98.62
—
Non Current Deferred Taxes Liabilities
89.11
-9.65%
98.62
—
Other Non Current Liabilities
58.87
+34.36%
43.82
—
Stockholders Equity
3,062.21
+29.31%
2,368.02
—
Common Stock Equity
3,062.21
+29.31%
2,368.02
—
Capital Stock
18.74
+4924.40%
0.37
—
Common Stock
18.74
+4924.40%
0.37
—
Preferred Stock
0.00
0.00
0.00
Share Issued
1,874.15
+0.44%
1,866.00
—
Ordinary Shares Number
1,371.30
-0.73%
1,381.35
—
Treasury Shares Number
502.85
+3.76%
484.65
+7.08%
452.60
Additional Paid In Capital
1,937.79
—
—
Retained Earnings
6,056.98
+25.45%
4,828.25
—
Gains Losses Not Affecting Retained Earnings
-6.66
+15.61%
-7.89
—
Treasury Stock
4,944.66
+15.48%
4,282.01
+27.59%
3,356.10
Other Equity Adjustments
-6.66
+15.61%
-7.89
—
Total Equity Gross Minority Interest
3,062.21
+29.31%
2,368.02
—
Total Capitalization
3,062.21
+29.31%
2,368.02
—
Working Capital
590.09
+132.36%
253.96
—
Invested Capital
3,062.21
+29.31%
2,368.02
—
Total Debt
4,051.62
+8.58%
3,731.41
—
Capital Lease Obligations
4,051.62
+8.58%
3,731.41
—
Net Tangible Assets
3,040.27
+29.59%
2,346.08
—
Tangible Book Value
3,040.27
+29.59%
2,346.08
—
Current Provisions
30.17
+98.13%
15.23
—
Notes Receivable
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
2,113.93
+0.42%
2,105.08
+18.03%
1,783.48
+34.79%
1,323.18
Cash Flow From Continuing Operating Activities
2,113.93
+0.42%
2,105.08
+18.03%
1,783.48
+34.79%
1,323.18
Net Income From Continuing Operations
1,535.76
+0.11%
1,534.11
+24.85%
1,228.74
+36.66%
899.10
Depreciation Amortization Depletion
361.38
+7.87%
335.03
+4.90%
319.39
+11.35%
286.83
Depreciation And Amortization
361.38
+7.87%
335.03
+4.90%
319.39
+11.35%
286.83
Other Non Cash Items
-14.66
-322.26%
-3.47
+73.46%
-13.08
+19.27%
-16.20
Stock Based Compensation
119.54
-9.25%
131.73
+6.22%
124.02
+26.51%
98.03
Provisionand Write Offof Assets
-0.66
-405.58%
0.21
-86.31%
1.57
+306.58%
-0.76
Asset Impairment Charge
26.58
+8.11%
24.58
-33.61%
37.02
+78.54%
20.74
Deferred Tax
79.48
+285.12%
-42.94
-351.73%
-9.51
+78.00%
-43.20
Deferred Income Tax
79.48
+285.12%
-42.94
-351.73%
-9.51
+78.00%
-43.20
Change In Working Capital
6.50
-94.83%
125.82
+32.00%
95.32
+21.21%
78.64
Change In Receivables
-11.38
+61.12%
-29.27
-161.00%
-11.22
+20.03%
-14.03
Changes In Account Receivables
-11.38
+61.12%
-29.27
-161.00%
-11.22
+20.03%
-14.03
Change In Inventory
-0.71
+92.75%
-9.80
-168.48%
-3.65
-21.19%
-3.01
Change In Prepaid Assets
-33.04
-457.44%
9.24
+123.58%
-39.21
-167.47%
-14.66
Change In Payables And Accrued Expense
-30.06
-142.57%
70.61
+7.72%
65.55
+60593.52%
0.11
Change In Accrued Expense
-22.61
-136.39%
62.14
+3.16%
60.24
+432.80%
-18.10
Change In Payable
-7.45
-187.98%
8.47
+59.36%
5.31
-70.82%
18.21
Change In Account Payable
-7.45
-187.98%
8.47
+59.36%
5.31
-70.82%
18.21
Change In Other Working Capital
16.59
-47.81%
31.78
+4.36%
30.45
-61.77%
79.64
Change In Other Current Assets
327.53
+22.26%
267.90
+3.66%
258.44
+10.48%
233.93
Change In Other Current Liabilities
-262.42
-22.26%
-214.64
-4.68%
-205.05
-0.84%
-203.33
Investing Cash Flow
-35.08
+95.81%
-837.53
+11.47%
-946.01
-13.97%
-830.03
Cash Flow From Continuing Investing Activities
-35.08
+95.81%
-837.53
+11.47%
-946.01
-13.97%
-830.03
Net PPE Purchase And Sale
-666.34
-16.19%
-573.49
-2.28%
-560.73
-17.02%
-479.16
Purchase Of PPE
-666.34
-12.25%
-593.60
-5.86%
-560.73
-17.02%
-479.16
Sale Of PPE
0.00
-100.00%
20.11
0.00
0.00
Capital Expenditure
-666.34
-12.25%
-593.60
-5.86%
-560.73
-17.02%
-479.16
Net Investment Purchase And Sale
631.25
+339.08%
-264.04
+31.47%
-385.28
-9.81%
-350.87
Purchase Of Investment
-28.22
+97.14%
-986.67
+11.52%
-1,115.13
-81.49%
-614.42
Sale Of Investment
659.48
-8.74%
722.64
-0.99%
729.85
+176.93%
263.55
Net Business Purchase And Sale
—
—
—
0.00
Purchase Of Business
—
—
—
0.00
Financing Cash Flow
-2,470.90
-130.13%
-1,073.70
-62.52%
-660.65
+28.92%
-929.40
Cash Flow From Continuing Financing Activities
-2,470.90
-130.13%
-1,073.70
-62.52%
-660.65
+28.92%
-929.40
Net Common Stock Issuance
-2,425.52
-142.17%
-1,001.56
-69.08%
-592.35
+28.64%
-830.14
Common Stock Payments
-2,425.52
-142.17%
-1,001.56
-69.08%
-592.35
+28.64%
-830.14
Repurchase Of Capital Stock
-2,425.52
-142.17%
-1,001.56
-69.08%
-592.35
+28.64%
-830.14
Net Other Financing Charges
-45.38
+37.09%
-72.14
-5.62%
-68.30
+31.19%
-99.26
Changes In Cash
-392.05
-302.25%
193.85
+9.63%
176.82
+140.53%
-436.26
Effect Of Exchange Rate Changes
-0.42
+74.56%
-1.64
-529.13%
0.38
+137.84%
-1.01
Beginning Cash Position
778.38
+32.79%
586.16
+43.33%
408.97
-51.67%
846.23
End Cash Position
385.91
-50.42%
778.38
+32.79%
586.16
+43.33%
408.97
Free Cash Flow
1,447.59
-4.23%
1,511.47
+23.61%
1,222.75
+44.87%
844.01
Income Tax Paid Supplemental Data
423.48
-20.53%
532.86
+33.14%
400.23
+45.12%
275.80
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category