SEC Form SC 13G/A filed by Chipotle Mexican Grill Inc. (Amendment)

2/14/23 12:38:02 PM ET

Restaurants

Consumer Discretionary

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SC 13G/A 1 cmg13gadec22.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2) CHIPOTLE MEXICAN GRILL INC (Name of Issuer) COMMON STOCK (Title of Class of Securities) 169656105 (CUSIP NUMBER) December 31, 2022 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Schedule is filed: [x] Rule 13d - 1(b) Rule 13d - 1(c) Rule 13d - 1(d) 1. Name of Reporting Person T. ROWE PRICE ASSOCIATES, INC. 52-0556948 2. Check the Appropriate Box if a Member of a Group NOT APPLICABLE 3. SEC Use Only 4. Citizenship or Place of Organization Maryland Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power* 774,635 6. Shared Voting Power* 0 7. Sole Dispositive Power* 1,713,585 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,720,265 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 6.2% 12. Type of Reporting Person IA *Any shares reported in Items 5 and 6 are also reported in Item 7. Item 1(a) Name of Issuer: CHIPOTLE MEXICAN GRILL INC Item 1(b) Address of Issuer's Principal Executive Offices: 610 NEWPORT CENTER DR, SUITE 1100, NEWPORT BEACH, CALIFORNIA 92660 Item 2(a) Name of Person(s) Filing: (1) T. ROWE PRICE ASSOCIATES, INC. (Price Associates) Item 2(b) Address of Principal Business Office: 100 E. Pratt Street, Baltimore, MD 21202 Item 2(c) Citizenship or Place of Organization: (1) Maryland Item 2(d) Title of Class of Securities: COMMON STOCK Item 2(e) Cusip Number: 169656105 Item 3: The person filing this Schedule 13G is an: X Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Item 4: Reference is made to Items 5-11 on the preceding pages of this Schedule 13G. Item 5: Ownership of Five Percent or Less of a Class Not Applicable Item 6: Ownership of More than Five Percent on Behalf of Another Person (1) Price Associates does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients which Price Associates serves as investment adviser. Any and all discretionary authority which has been delegated to Price Associates may be revoked in whole or in part at any time. Except as may be indicated if this is a joint filing with one of the registered investment companies sponsored by Price Associates which it also serves as investment adviser ("T. Rowe Price Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Price Associates. (2) With respect to securities owned by any one of the T. Rowe Price Funds, only the custodian for each of such Funds, has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. No other person is known to have such right, except that the shareholders of each such Fund participate proportionately in any dividends and distributions so paid. Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable Item 8: Identification and Classification of Members of the Group Not Applicable Item 9: Notice of Dissolution of Group Not Applicable Item 10: Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. T. ROWE PRICE ASSOCIATES, INC. Date: February 14, 2023 Signature: /s/ David Oestreicher Name & Title: David Oestreicher, Executive Vice President 12/31/2022

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$CMG

Date	Price Target	Rating	Analyst
6/3/2026	$37.00	Overweight → Equal-Weight	Morgan Stanley
5/5/2026		Hold → Buy	Argus
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SEC Form SC 13G/A filed by Chipotle Mexican Grill Inc. (Amendment)

2/14/23 12:38:02 PM ET

$CMG

Restaurants

Consumer Discretionary

Get the next $CMG alert in real time by email

Recent Analyst Ratings for

$CMG

Date	Price Target	Rating	Analyst
6/3/2026	$37.00	Overweight → Equal-Weight	Morgan Stanley
5/5/2026		Hold → Buy	Argus
3/30/2026	$37.00	Neutral	BNP Paribas Exane
3/20/2026	$40.00	Neutral → Outperform	Mizuho
3/6/2026	$51.00	Buy	DA Davidson
2/4/2026	$50.00 → $48.00	Outperform	Telsey Advisory Group
1/9/2026	$50.00	Outperform	Telsey Advisory Group
10/31/2025		Buy → Neutral	Northcoast

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SEC Form SC 13G/A filed by Chipotle Mexican Grill Inc. (Amendment)

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SEC Form SC 13G/A filed by Chipotle Mexican Grill Inc. (Amendment)

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Analyst Ratings

Chipotle Mexican Grill downgraded by Morgan Stanley with a new price target

Chipotle Mexican Grill upgraded by Argus

BNP Paribas Exane initiated coverage on Chipotle Mexican Grill with a new price target

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Insider Trading

New insider Machado Fernando claimed no ownership of stock in the company (SEC Form 3)

Director Baldocchi Albert S gifted 6,672 shares, decreasing direct ownership by 0.77% to 855,260 units (SEC Form 4)

Director Filikrushel Patricia sold $122,543 worth of shares (3,350 units at $36.58), decreasing direct ownership by 8% to 36,376 units (SEC Form 4)

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Press Releases

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SEC Filings

53 YEARS. 53 REAL INGREDIENTS: CHIPOTLE TO GIVE AWAY 53,000 FREE BURRITOS FOR THE MEN'S PROFESSIONAL BASKETBALL CHAMPIONSHIP SERIES

CHIPOTLE MEXICAN GRILL TO ANNOUNCE SECOND QUARTER 2026 RESULTS ON JULY 29, 2026

CHIPOTLE'S "SUMMER OF EXTRAS" RETURNS, WITH STREAK-BASED REWARDS AND LOCAL RANKINGS TO GAMIFY THE REWARDS EXPERIENCE

Chipotle Mexican Grill Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form DEFA14A filed by Chipotle Mexican Grill Inc.

SEC Form DEF 14A filed by Chipotle Mexican Grill Inc.

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Insider Purchases

Director Gutierrez Mauricio bought $498,200 worth of shares (9,400 units at $53.00), increasing direct ownership by 43% to 31,400 units (SEC Form 4)

Engles Gregg L bought $175,930 worth of common stock (77 units at $2,284.81) and bought $1,827,848 worth of shares (800 units at $2,284.81), increasing direct ownership by 98% to 1,616 units (SEC Form 4)

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Leadership Updates

CHIPOTLE TAPS AWARD-WINNING FERNANDO MACHADO AS CHIEF BRAND OFFICER

CHIPOTLE RELAUNCHES REWARDS WITH "REWARDS ON REPEAT," DELIVERING MORE VALUE WITHOUT TRADE-OFFS

CHIPOTLE IQ RETURNS WITH MORE PRIZES THAN EVER BEFORE, OFFERING OVER $1 MILLION IN FREE CHIPOTLE

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Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by Chipotle Mexican Grill Inc.

Amendment: SEC Form SC 13G/A filed by Chipotle Mexican Grill Inc.