Chipotle Mexican Grill Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

WBAG:CHMG Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
11 Dec 24	Sell€1,319,917	Laurie Schalow	Individual	21,250	€62.14
09 Dec 24	Sell€958,258	Curtis Garner	Individual	15,750	€61.33
12 Nov 24	Sell€1,131,234	Christopher Brandt	Individual	20,000	€56.56
07 Nov 24	Sell€853,558	Curtis Garner	Individual	15,750	€54.80
07 Oct 24	Sell€818,685	Curtis Garner	Individual	15,750	€51.98
12 Sep 24	Sell€91,458	Robin S. Hickenlooper	Individual	1,790	€51.09
11 Sep 24	Sell€787,004	Curtis Garner	Individual	15,750	€49.97
26 Apr 24	Sell€2,965,598	Albert Baldocchi	Individual	50,000	€59.33
26 Apr 24	Sell€2,956,486	Christopher Brandt	Individual	50,000	€59.22
26 Apr 24	Sell€19,117,092	Brian Niccol	Individual	320,300	€59.85
26 Apr 24	Sell€3,287,049	Scott Boatwright	Individual	55,000	€59.83
26 Apr 24	Sell€2,428,860	Roger Theodoredis	Individual	41,050	€59.17
14 Feb 24	Sell€2,431,920	Albert Baldocchi	Individual	50,000	€48.64
09 Feb 24	Sell€1,730,302	Roger Theodoredis	Individual	35,400	€48.88

Insider Trading Volume

Insider Buying: CHMG insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of CHMG?
Owner Type	Number of Shares	Ownership Percentage
State or Government	1,459,143	0.107%
Individual Insiders	8,863,781	0.65%
General Public	163,360,611	12%
Institutions	1,189,955,465	87.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 55.62% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
8.85%	The Vanguard Group, Inc.	120,730,660	€6.8b	0.77%	0.1%
8.17%	BlackRock, Inc.	111,415,884	€6.3b	1.74%	0.1%
5.33%	Capital Research and Management Company	72,683,364	€4.1b	2.01%	0.2%
4.04%	State Street Global Advisors, Inc.	55,071,304	€3.1b	-0.03%	0.12%
4.03%	T. Rowe Price Group, Inc.	54,985,925	€3.1b	6.77%	0.28%
2.7%	JP Morgan Asset Management	36,853,717	€2.1b	-13.2%	0.24%
2.24%	FMR LLC	30,601,052	€1.7b	-6.9%	0.1%
2.11%	Pershing Square Capital Management, L.P.	28,815,165	€1.6b	0%	10.03%
2.06%	Geode Capital Management, LLC	28,080,978	€1.6b	1.58%	0.11%
1.7%	AllianceBernstein L.P.	23,247,050	€1.3b	7.7%	0.4%
1.56%	Edgewood Management LLC	21,339,969	€1.2b	-1.22%	3.23%
1.47%	American Century Investment Management Inc	20,070,213	€1.1b	-0.53%	0.55%
1.3%	Norges Bank Investment Management	17,674,945	€994.1m	0%	0.08%
1.12%	Wellington Management Group LLP	15,326,303	€862.0m	-6.53%	0.14%
1.11%	UBS Asset Management AG	15,142,783	€851.7m	2.4%	0.09%
1.06%	Jennison Associates LLC	14,472,060	€814.0m	0%	0.47%
0.95%	Northern Trust Global Investments	13,004,225	€731.4m	-1.27%	0.11%
0.79%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	10,819,923	€608.6m	-6.35%	0.14%
0.78%	Eaton Vance Management	10,591,988	€595.8m	-12.4%	0.14%
0.75%	Legal & General Investment Management Limited	10,207,346	€574.1m	-6.66%	0.11%
0.74%	Massachusetts Financial Services Company	10,082,719	€567.1m	-2.21%	0.13%
0.72%	Janus Henderson Group plc	9,830,644	€552.9m	5.57%	0.23%
0.71%	Arrowstreet Capital, Limited Partnership	9,679,705	€544.4m	-28.5%	0.44%
0.66%	Brown Advisory Incorporated	9,018,474	€507.3m	-13.7%	0.62%
0.64%	Morgan Stanley, Investment Banking and Brokerage Investments	8,739,957	€491.6m	-18.5%	0.06%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/09 23:05
End of Day Share Price	2025/01/09 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Chipotle Mexican Grill, Inc. is covered by 66 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Staszak	Argus Research Company
David Tarantino	Baird
Ishan Majumdar	Baptista Research