AllAnalyst Report
logoMorningstarMay 03, 2021

Chipotle Mexican Grill, Inc.: Menu Innovation, Store Productivity, and a Robust Digital Ecosystem Front and Center at Chipotle

Symbols
CMG
Sector(s)
Consumer Cyclical
Rating
Current Price
$1,366.80
Fair Value
Economic Moat
Stewardship
Summary

With roughly $6 billion in systemwide sales during 2020, Chipotle Mexican Grill is the largest player in the $16 billion domestic fast-casual Mexican restaurant category. Its menu includes burritos, bowls, tacos, and salads, which are made from higher-quality ingredients than those typically found at quick-service restaurants. As of March 2021, the firm operated more than 2,800 company-owned restaurants in the United States, Canada, the United Kingdom, France, and Germany.

Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Try it Free

Analyst Profile

Nicholas Johnson

Equity Analyst
Nick Johnson is an equity analyst with the consumer team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers companies primarily in the U.S. alcoholic and nonalcoholic beverage space, in addition to other consumer defensive names. He also serves on the valuation committee.Prior to joining the consumer team, Johnson was an associate on the technology team, supporting coverage of enterprise software, networking, and semiconductor companies. Before joining equity research in July 2018, Johnson worked as a product consultant for Morningstar and garnered experience on the buy side through a New York City-based internship.Johnson holds a bachelor's degree in quantitative economics with a minor in Hispanic studies from Vassar College. He has passed all three examination levels of the Chartered Financial Analyst® program.