Are Wall Street Analysts Bullish on Chipotle Stock?

With a market cap of approximately $85.4 billion, California-based Chipotle Mexican Grill, Inc. (CMG) is redefining fast-casual dining with responsibly sourced, real food made without artificial additives. With over 3,600 restaurants spanning the U.S., Canada, Europe, and the Middle East, Chipotle is the only restaurant of its size to own and operate all its locations across North America and Europe.

Shares of this restaurant chain have rallied 40.4% over the past year, outshining the broader S&P 500 Index’s ($SPX) 31.8% return during the same time frame. Plus, in 2024, CMG stock is up roughly 35.7%, leaving behind the SPX’s 25.8% return on a YTD basis.