Chipotle Mexican Grill, Inc. is a publicly traded American fast-casual restaurant company headquartered in Newport Beach, California. The company is famous for its Mexican-inspired menu, including burritos, tacos, bowls, and salads made with fresh ingredients. Chipotle trades on the New York Stock Exchange (NYSE) under the ticker symbol CMG.
The company was founded in 1993 by Steve Ells in Denver, Colorado. Since then, Chipotle has expanded to more than 3,500 restaurant locations worldwide. As of 2025, the company is led by Scott Boatwright, who became the Chief Executive Officer in 2024.
Ownership Status of Chipotle
Chipotle has no single private owner. Because it is a publicly traded company, ownership is spread across institutional investors, mutual funds, and individual shareholders. Shareholder percentages change frequently based on quarterly SEC filings such as 13F, 13D, and 13G.
Major Shareholders
| Shareholder / Entity | Ownership Percentage | Notes |
|---|---|---|
| Vanguard Group Inc. | ~9% | Largest institutional shareholder |
| Capital Research & Management (World Investors) | ~6–6.5% | Long-term investor |
| BlackRock Inc. | ~6–8% | Major passive index-fund holder |
| State Street Corporation | ~4% | Institutional index holdings |
| JPMorgan Investment Management | ~4% | Holds shares through multiple funds |
The remaining shares are held by thousands of retail investors, ETFs, hedge funds, and other institutions.
About Chipotle Current CEO – Scott Boatwright
Scott Boatwright became the CEO of Chipotle in November 2024. Before becoming CEO, he served as the Chief Operating Officer (previously known as Chief Restaurant Officer) since 2017, where he oversaw the operations of thousands of restaurants across the United States.
Boatwright has more than 25 years of experience in the food-service industry. As CEO, he is focused on improving restaurant operations, expanding digital ordering, increasing store openings, and maintaining Chipotle’s strong brand identity. His leadership marks a new operational-driven era for Chipotle.
Scott Boatwright Net Worth
Scott Boatwright’s net worth is influenced by his executive compensation and his ownership of Chipotle shares. Public filings indicate that his total compensation for 2024 was approximately $19.14 million, including base salary, bonuses, stock awards, and incentives.
He also owns hundreds of thousands of Chipotle shares, which contribute significantly to his wealth.
Based on public estimates (which fluctuate depending on Chipotle’s stock price), his net worth is generally estimated to be between $10 million and $90 million. Exact figures vary as they depend on market conditions and private financial assets not publicly disclosed.
Key Shareholder Highlights
Chipotle’s shareholder base is dominated by large institutional investors.
Vanguard Group, with around 9% ownership, is the largest single shareholder, primarily through passive index funds. BlackRock, Capital Research, and State Street also hold significant stakes, showing strong long-term confidence in Chipotle’s performance.
No individual or organization has a controlling ownership stake. Strategic decisions are guided by the company’s Board of Directors and executive leadership, not by any single owner.
Recent Developments in Ownership
Recent filings show normal quarter-to-quarter adjustments. Some institutions increased their positions due to index rebalancing, while a few hedge funds made minor decreases. However, there has been no major ownership shift or emergence of any new majority owner. Chipotle remains widely owned within the institutional investment landscape.
FAQs
1. Who is the current owner of Chipotle?
Chipotle has no single owner. It is a publicly traded company owned by institutional investors such as Vanguard, BlackRock, and Capital Research, along with many individual shareholders.
2. Who is the CEO of Chipotle?
The current CEO of Chipotle is Scott Boatwright, who took over in 2024.
3. What is Scott Boatwright’s net worth?
His estimated net worth ranges between $10 million and $90 million, based on compensation, stock holdings, and public financial estimates.
4. Who founded Chipotle?
Chipotle was founded by Steve Ells in 1993.
5. Has the ownership of Chipotle changed recently?
Ownership changes slightly each quarter based on investor filings, but there has been no major shift in overall ownership.
6. Is Chipotle publicly traded or private?
Chipotle is publicly traded on the NYSE under ticker CMG.
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