Upgrades Eq-Weight Overweight X

CMG Chipotle Mexican Grill

Morgan Stanley

$65 $70

Upgrades Buy Strong Buy X

CMG Chipotle Mexican Grill

CFRA

$59 $73

Resumed Outperform X

CMG Chipotle Mexican Grill

RBC Capital Mkts

$70

Upgrades Neutral Outperform X

CMG Chipotle Mexican Grill

Wedbush

$54 $58

Reiterated Outperform X

CMG Chipotle Mexican Grill

Evercore ISI

$3600 $72

Initiated Buy X

CMG Chipotle Mexican Grill

Goldman

$3730

Reiterated Buy X

CMG Chipotle Mexican Grill

Truist

$3440 $3520

Reiterated Outperform X

CMG Chipotle Mexican Grill

Oppenheimer

$3300 $3485

Reiterated Outperform X

CMG Chipotle Mexican Grill

Oppenheimer

$2825 $3300

Resumed Equal-Weight X

CMG Chipotle Mexican Grill

Stephens

$3010

Reiterated Buy X

CMG Chipotle Mexican Grill

Argus

$3265 $3366

Reiterated Buy X

CMG Chipotle Mexican Grill

BTIG Research

$2750 $3250

Reiterated Buy X

CMG Chipotle Mexican Grill

BTIG Research

$2650 $2750

Reiterated Buy X

CMG Chipotle Mexican Grill

BTIG Research

$2175 $2650

Downgrades Outperform Neutral X

CMG Chipotle Mexican Grill

Wedbush

$2400

Initiated Buy X

CMG Chipotle Mexican Grill

Deutsche Bank

$2375

Reiterated Equal-Weight X

CMG Chipotle Mexican Grill

Morgan Stanley

$1910 $2025

Reiterated Outperform X

CMG Chipotle Mexican Grill

Oppenheimer

$2050 $2350

Reiterated Buy X

CMG Chipotle Mexican Grill

Citigroup

$2240 $2454

Reiterated Neutral X

CMG Chipotle Mexican Grill

Guggenheim

$1550 $1950

Reiterated Outperform X

CMG Chipotle Mexican Grill

Wedbush

$2200 $2300

Resumed Neutral X

CMG Chipotle Mexican Grill

Piper Sandler

$2075

Reiterated Equal Weight X

CMG Chipotle Mexican Grill

Barclays

$1550 $1885

Reiterated Market Perform X

CMG Chipotle Mexican Grill

BMO Capital Markets

$1800 $1950

Reiterated Buy X

CMG Chipotle Mexican Grill

BTIG Research

$1825 $2175

Reiterated Buy X

CMG Chipotle Mexican Grill

Citigroup

$2140 $2240

Reiterated Outperform X

CMG Chipotle Mexican Grill

Credit Suisse

$2050 $2200

Reiterated Neutral X

CMG Chipotle Mexican Grill

JP Morgan

$1600 $1750

Reiterated Hold X

CMG Chipotle Mexican Grill

Loop Capital

$1700 $1850

Reiterated Equal-Weight X

CMG Chipotle Mexican Grill

Morgan Stanley

$1743 $1910

Reiterated Outperform X

CMG Chipotle Mexican Grill

Oppenheimer

$1940 $2050

Reiterated Outperform X

CMG Chipotle Mexican Grill

Raymond James

$1900 $2100

Reiterated Outperform X

CMG Chipotle Mexican Grill

RBC Capital Mkts

$1875 $2050

Reiterated Outperform X

CMG Chipotle Mexican Grill

Robert W. Baird

$2000 $2200

Reiterated Overweight X

CMG Chipotle Mexican Grill

Stephens

$1970 $2000

Reiterated Buy X

CMG Chipotle Mexican Grill

Stifel

$2000 $2100

Reiterated Outperform X

CMG Chipotle Mexican Grill

TD Cowen

$2050 $2200

Reiterated Buy X

CMG Chipotle Mexican Grill

Truist

$1960 $2270

Reiterated Buy X

CMG Chipotle Mexican Grill

UBS

$2050 $2250

Reiterated Overweight X

CMG Chipotle Mexican Grill

Wells Fargo

$1900 $2050

Reiterated Buy X

CMG Chipotle Mexican Grill

Stifel

$1750 $2000

Reiterated Outperform X

CMG Chipotle Mexican Grill

Robert W. Baird

$1900 $2000

Reiterated Buy X

CMG Chipotle Mexican Grill

UBS

$1800 $2050

Reiterated Outperform X

CMG Chipotle Mexican Grill

Oppenheimer

$1875 $1940

Initiated Overweight X

CMG Chipotle Mexican Grill

Wells Fargo

$1800

Downgrades Overweight Eq-Weight X

CMG Chipotle Mexican Grill

Morgan Stanley

Initiated Overweight X

CMG Chipotle Mexican Grill

Stephens

$1900

Initiated Outperform X

CMG Chipotle Mexican Grill

Bernstein

$2000

Reiterated Equal Weight X

CMG Chipotle Mexican Grill

Barclays

$1335 $1400

Reiterated Market Perform X

CMG Chipotle Mexican Grill

BMO Capital Markets

$1700 $1600

Reiterated Buy X

CMG Chipotle Mexican Grill

Citigroup

$1742 $1969

Reiterated Hold X

CMG Chipotle Mexican Grill

Deutsche Bank

$1505 $1503

Reiterated Overweight X

CMG Chipotle Mexican Grill

KeyBanc Capital Markets

$1900 $1750

Reiterated Overweight X

CMG Chipotle Mexican Grill

Morgan Stanley

$1768 $1808

Reiterated Outperform X

CMG Chipotle Mexican Grill

RBC Capital Mkts

$1800 $1825

Reiterated Buy X

CMG Chipotle Mexican Grill

Truist

$2000 $1760

Resumed Buy X

CMG Chipotle Mexican Grill

BofA Securities

$1590

Reiterated Equal Weight X

CMG Chipotle Mexican Grill

Barclays

$1630 $1585

Reiterated Market Perform X

CMG Chipotle Mexican Grill

BMO Capital Markets

$1750 $1700

Reiterated Hold X

CMG Chipotle Mexican Grill

Jefferies

$1710 $1530

Initiated Buy X

CMG Chipotle Mexican Grill

Citigroup

$1900

Reiterated Equal Weight X

CMG Chipotle Mexican Grill

Barclays

$1845 $1630

Reiterated Hold X

CMG Chipotle Mexican Grill

Deutsche Bank

$1747 $1696

Reiterated Overweight X

CMG Chipotle Mexican Grill

Morgan Stanley

$1920 $1903

Reiterated Buy X

CMG Chipotle Mexican Grill

BTIG Research

$2150 $1975

Reiterated Outperform X

CMG Chipotle Mexican Grill

RBC Capital Mkts

$2100 $2000

Upgrades Hold Buy X

CMG Chipotle Mexican Grill

Gordon Haskett

$1800 $1750

Upgrades Eq-Weight Overweight X

CMG Chipotle Mexican Grill

Morgan Stanley

$1929 $1920

Upgrades Perform Outperform X

CMG Chipotle Mexican Grill

Oppenheimer

$1925

Reiterated Equal Weight X

CMG Chipotle Mexican Grill

Barclays

$1715 $1845

Initiated Hold X

CMG Chipotle Mexican Grill

Loop Capital

$1800

Reiterated Buy X

CMG Chipotle Mexican Grill

UBS

$1850 $2100

Initiated Neutral X

CMG Chipotle Mexican Grill

Guggenheim

$1750

Upgrades Outperform Strong Buy X

CMG Chipotle Mexican Grill

Raymond James

$1800

Upgrades Eq-Weight Overweight X

CMG Chipotle Mexican Grill

Stephens

$1600 $1700

Upgrades Neutral Buy X

CMG Chipotle Mexican Grill

UBS

$1575 $1700

Reiterated Overweight X

CMG Chipotle Mexican Grill

KeyBanc Capital Markets

$1625 $1725

Upgrades Mkt Perform Outperform X

CMG Chipotle Mexican Grill

Raymond James

$1800

Upgrades Neutral Buy X

CMG Chipotle Mexican Grill

Northcoast

$1827

Reiterated Market Perform X

CMG Chipotle Mexican Grill

Telsey Advisory Group

$1350 $1600

Initiated Buy X

CMG Chipotle Mexican Grill

Goldman

$1650

Upgrades Sec Perform Outperform X

CMG Chipotle Mexican Grill

RBC Capital Mkts

$1320 $1650

Initiated Buy X

CMG Chipotle Mexican Grill

Goldman

$1000

Reiterated Hold X

CMG Chipotle Mexican Grill

Maxim Group

$650 $670

Reiterated Market Perform X

CMG Chipotle Mexican Grill

Telsey Advisory Group

$700 $750

Resumed Sell X

CMG Chipotle Mexican Grill

Northcoast

$400

Reiterated Overweight X

CMG Chipotle Mexican Grill

Piper Jaffray

$792 $824

Initiated Outperform X

CMG Chipotle Mexican Grill

Credit Suisse

$870

Initiated Outperform X

CMG Chipotle Mexican Grill

Evercore ISI

Reiterated Hold X

CMG Chipotle Mexican Grill

Maxim Group

$635 $650

Downgrades Mkt Perform Underperform X

CMG Chipotle Mexican Grill

BMO Capital Markets

$675 $620

Reiterated Market Perform X

CMG Chipotle Mexican Grill

BMO Capital Markets

$540 $675

Reiterated Buy X

CMG Chipotle Mexican Grill

BTIG Research

$700 $790

Reiterated Market Perform X

CMG Chipotle Mexican Grill

Cowen

$640 $660

Reiterated Overweight X

CMG Chipotle Mexican Grill

KeyBanc Capital Markets

$625 $780

Reiterated Hold X

CMG Chipotle Mexican Grill

Maxim Group

$620 $635

Reiterated Overweight X

CMG Chipotle Mexican Grill

Piper Jaffray

$755 $760

Reiterated Outperform X

CMG Chipotle Mexican Grill

Telsey Advisory Group

$600 $700

Reiterated Hold X

CMG Chipotle Mexican Grill

Maxim Group

$540 $620

Downgrades Overweight Eq-Weight X

CMG Chipotle Mexican Grill

Morgan Stanley

$617 $658

Downgrades Buy Hold X

CMG Chipotle Mexican Grill

Jefferies

$600 $700

Reiterated Outperform X

CMG Chipotle Mexican Grill

Robert W. Baird

$650 $760

Upgrades Underperform Neutral X

CMG Chipotle Mexican Grill

Wedbush

$500 $640

Reiterated Buy X

CMG Chipotle Mexican Grill

Argus

$670 $770

Reiterated Overweight X

CMG Chipotle Mexican Grill

Piper Jaffray

$661 $725

Reiterated Underperform X

CMG Chipotle Mexican Grill

BofA/Merrill

$340 $400

Reiterated Hold X

CMG Chipotle Mexican Grill

Maxim Group

$510 $540

Reiterated Market Perform X

CMG Chipotle Mexican Grill

Telsey Advisory Group

$500 $600

Downgrades Buy Hold X

CMG Chipotle Mexican Grill

Maxim Group

$510

Reiterated Outperform X

CMG Chipotle Mexican Grill

Telsey Advisory Group

$465 $500

Reiterated Outperform X

CMG Chipotle Mexican Grill

RBC Capital Mkts

$510 $550

Reiterated Equal Weight X

CMG Chipotle Mexican Grill

Barclays

$360 $400

Initiated Buy X

CMG Chipotle Mexican Grill

Loop Capital

Upgrades Hold Buy X

CMG Chipotle Mexican Grill

Maxim Group

$500 $510

Upgrades Sec Perform Outperform X

CMG Chipotle Mexican Grill

RBC Capital Mkts

Initiated Overweight X

CMG Chipotle Mexican Grill

KeyBanc Capital Mkts

Downgrades Perform Underperform X

CMG Chipotle Mexican Grill

Oppenheimer

Reiterated Hold X

CMG Chipotle Mexican Grill

Maxim Group

$430 $500

Downgrades Neutral Underperform X

CMG Chipotle Mexican Grill

Wedbush

$450 $445

Reiterated Overweight X

CMG Chipotle Mexican Grill

Piper Jaffray

$530 $550

Upgrades Eq-Weight Overweight X

CMG Chipotle Mexican Grill

Morgan Stanley

Upgrades Hold Buy X

CMG Chipotle Mexican Grill

Jefferies

Reiterated Hold X

CMG Chipotle Mexican Grill

Maxim Group

$420 $430

Reiterated Hold X

CMG Chipotle Mexican Grill

Maxim Group

$435 $420

Reiterated Market Perform X

CMG Chipotle Mexican Grill

Telsey Advisory Group

$350 $465

Upgrades Hold Buy X

CMG Chipotle Mexican Grill

Argus

$540

Reiterated Overweight X

CMG Chipotle Mexican Grill

Piper Jaffray

$420 $530

Downgrades Buy Hold X

CMG Chipotle Mexican Grill

Maxim Group

$410 $435

Upgrades Neutral Buy X

CMG Chipotle Mexican Grill

BTIG Research

Upgrades Hold Buy X

CMG Chipotle Mexican Grill

Canaccord Genuity

$300 $425

Upgrades Sell Neutral X

CMG Chipotle Mexican Grill

Guggenheim

Reiterated Market Perform X

CMG Chipotle Mexican Grill

Telsey Advisory Group

$330 $350

Reiterated Buy X

CMG Chipotle Mexican Grill

SunTrust

$340 $380

Reiterated Overweight X

CMG Chipotle Mexican Grill

Piper Jaffray

$318 $355

Reiterated Neutral X

CMG Chipotle Mexican Grill

Wedbush

$285 $310

Upgrades Sell Hold X

CMG Chipotle Mexican Grill

Stifel

$250 $275

Reiterated Neutral X

CMG Chipotle Mexican Grill

Goldman

$330 $285

Reiterated Hold X

CMG Chipotle Mexican Grill

Canaccord Genuity

$325 $300

Reiterated Buy X

CMG Chipotle Mexican Grill

Maxim Group

$425 $410

Downgrades Hold Sell X

CMG Chipotle Mexican Grill

Stifel

$310 $250

Reiterated Neutral X

CMG Chipotle Mexican Grill

Wedbush

$290 $310

Reiterated Sell X

CMG Chipotle Mexican Grill

Deutsche Bank

$240 $290

CMG  Chipotle Mexican Grill, Inc.

Chipotle Mexican Grill, Inc. (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company's Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions. As of December 31, 2016, the Company operated 2,198 Chipotle restaurants throughout the United States, as well as 29 international Chipotle restaurants, and it also had 23 restaurants in operation in other non-Chipotle concepts. As of December 31, 2016, 29 of its restaurants were located outside of the United States, with 17 in Canada, six in the United Kingdom, five in France and one in Frankfurt, Germany. The Company sells gift cards, which do not have an expiration date. The Company categorizes its restaurants as end-caps (at the end of a line of retail outlets), in-lines (in a line of retail outlets), free-standing or other.