CMG CHIPOTLE MEXICAN GRILL INC Insider Trading

CMG President Curtis sold 61,077 shares for $2.4M; stock down -34.0% from 52-week high, prior CMG sells well-timed at 90d mark.

Garner Curtis E, President, Chief Strategy & Technology Officer, sold 61,077 shares at $40.01 on 2026-02-06, reducing his CMG holdings by 17.0% to 297,701 shares. The sale occurred as CMG trades at $38.44, down 34.0% from its 52-week high of $58.24 and down 4.2% over the past 30 days, despite a 22.7% gain over 90 days. Notably, Curtis's prior trade timing at CMG is strong: of his 5 prior trades at this ticker with measurable 90-day outcomes, all 3 prior sells resulted in subsequent negative 90-day returns—indicating those sales preceded stock declines. This current sale arrives at a juncture where valuation remains elevated (P/E of 32.58) despite the recent price correction, warranting attention to whether the timing of this substantial reduction reflects similar foresight relative to near-term CMG momentum.

CMG President & CTO Curtis Garner sells 67,646 shares ($2.4M) at $36.05; stock now -45.4% from 52-week high

Curtis Garner, President, Chief Strategy & Technology Officer, sold 67,646 shares of Chipotle at $36.05 on 2025-12-12, reducing holdings by 18.5% from 366,006 to 298,360 shares. The transaction occurred as CMG trades -45.4% below its 52-week high of $66.16, though the stock has risen 15.4% over the prior 30 days. Garner's cross-ticker track record shows 20 prior sells with a 78.95% well-timed rate at the 90-day mark, and at Chipotle specifically, 3 of his 4 prior measurable sales proved well-timed (negative 90-day returns following the sale). The sale size and insider's senior operational role warrant monitoring, particularly given the meaningful reduction in his stake and the stock's depressed valuation relative to recent highs.

CMG President & Chief Strategy Officer sold 61,892 shares ($2.1M) at $34.67; stock now down 48.4% from 52-week high.

Garner Curtis E, President and Chief Strategy Officer, sold 61,892 shares of Chipotle on 2025-12-01 at $34.67 for $2,145,733.75, reducing his holdings by 17.2%. The sale occurred when CMG is trading 48.4% below its 52-week high of $66.16, though the stock has gained 7.7% over the past 30 days. At the same-ticker level, Curtis has initiated 5 prior sells at CMG with 3 of 5 showing negative 90-day returns, indicating a 60% well-timed rate on past transactions at this ticker. His broader cross-ticker track record shows 20 prior sells with an 80.00% well-timed rate and average 90-day returns of -49.3%, suggesting a pattern of disposing shares ahead of declines. The timing of this sale near a 52-week trough merits attention given the insider's demonstrated ability to execute sells before stock deterioration, though the recent 30-day momentum (+7.7%) and Chipotle's solid fundamentals (revenue $3.0B, P/E 29.43, annual growth +14.6%) may reflect offsetting factors.

CHRO Eskenazi sells 26,576 shares at $43.15; holdings drop 23.9% to 84,441 shares as CMG declines 35.7% from 52-week high.

Eskenazi Ilene, Chief Human Resources Officer, sold 26,576 shares for $1,146,725.17, reducing her position by 23.9% to 84,441 shares remaining. The transaction occurred at $43.15 per share while the stock trades at $42.52 today, down 35.7% from its 52-week high of $66.16 and declining 15.1% over 90 days. In the context of strong fundamentals—$3.1B quarterly revenue with 14.6% annual growth and $436.1M net income—the timing of this significant portfolio reduction coincides with sustained stock weakness and warrants scrutiny into whether the sale reflects confidence in current valuations or an internal assessment divergent from the company's operational trajectory.

Garner (Pres, Chief Strgy & Tech Off) sold 63,000 CMG shares at $55.14; holdings down 15.1% to 355,482 shares.

Garner Curtis E, President and Chief Strategy & Technology Officer, sold 63,000 shares of Chipotle at $55.14 on 2025-06-25, reducing his post-transaction holdings to 355,482 shares from 418,482 shares (a 15.1% reduction). This is his second sale within three weeks—he sold 30,000 shares on 2025-06-04 as well. At his same ticker CMG, his prior 3 measurable 90-day outcomes show 0 of 3 were well-timed sells, with cumulative returns of +2.5%, -0.9%, and -0.5%. His cross-ticker track record shows 77.78% of prior sells were well-timed (average 90d return -56.7%), suggesting capacity for better timing elsewhere. Chipotle trades at $56.15 currently, up 12.1% in 30 days and 8.7% in 90 days, with a P/E of 48.41 and recent quarterly net income of $386.6M on $2.9B revenue. The clustering of two sales within three weeks warrants monitoring of whether this reflects a broader planned reduction in position.

CMG: Garner sells 23.3K shares at $52.14; retains 418.5K; strong track record of well-timed sells (93.75%) but mixed near-term results at this ticker.

Garner Curtis E, President and Chief Strategy & Technology Officer, sold 23,302 shares of Chipotle at $52.14 on 2025-06-04 for $1,214,894.04, reducing holdings by 5.3%. Across his cross-ticker open-market history, he has executed 20 prior sells with a 93.75% well-timed rate at the 90-day mark, suggesting a pattern of selling before subsequent declines. However, his prior trades specifically at CMG show mixed outcomes: only 1 of 1 measurable prior sell was well-timed at 90 days (though sample size is extremely limited, with most recent sales not yet having 90-day results). The stock currently trades at $52.50, down 23.4% from its 52-week high of $68.55, and has gained 1.7% over 30 days and 4.5% over 90 days. Fundamental metrics show strong performance with annual revenue growth of 14.6%, a P/E of 45.26, and net income of $386.6M on $2.9B quarterly revenue. The sale occurs in the context of substantial existing holdings (418.5K shares post-transaction) and a well-established pattern of strategic exit execution at other securities.

CEO Boatwright Scott sold 19,000 CMG shares at $52.48 on 2025-06-06; 5 of 5 prior CMG sales showed 90-day declines averaging -98.4%.

Scott Boatwright, the Chief Executive Officer, sold 19,000 shares (19.0K shares) for $997,133.30 (997.1K) on 2025-06-06, reducing his holdings by 5.4% to 331,291 shares. This sale is highly significant in context of his prior activity at Chipotle: across 5 prior sales at CMG, all executed on 2024-04-26, the stock declined sharply in the 90-day periods following each transaction, with returns averaging -98.4%. His cross-ticker track record is even more striking—20 prior open-market sales show a 100.00% well-timed rate, with an average 90-day return of -97.9%. While the stock is currently down 23.4% from its 52-week high of $68.55 and up only 1.7% over 30 days, the insider's historical pattern of selling before sharp declines warrants close investor attention to forward-looking fundamentals and near-term price momentum.

CMG CLO Roger Theodoredis sold 113,875 shares ($5.7M) on 6/2 at $49.70, cutting holdings by 50.9%; his 5 prior CMG sales were all well-timed with avg 90d return -98.4%

Roger Theodoredis, Chief Legal Officer, divested half his CMG stake (113,875 shares / $5.7M) at $49.70 on June 2, 2025. His historical execution at this ticker is striking: all 5 prior sales at CMG achieved negative 90-day returns averaging -98.4%, meaning stock prices fell substantially after each sale. His cross-ticker track record shows a 100.00% well-timed rate on 5 prior sells with avg 90d return -97.9%, indicating consistent timing discipline across holdings. This largest-ever CMG divestment by Theodoredis—reducing his position from 223.7K to 109.8K shares—comes as the stock trades 23.9% below its 52-week high despite strong fundamentals (P/E 44.97, +14.6% revenue growth, $386.6M net income). The pattern and scale warrant attention: an executive with a documented history of exiting before declines is now taking half his CMG position off the table at a valuation that remains elevated relative to recent trading range.

Chief Customer & Technology Officer Curtis Garner sold 23,134 shares of CMG at $50.84; stock now -26.1% from 52-week high.

Garner Curtis E, Chief Customer & Technology Officer, sold 23,134 shares on 2025-05-21 at $50.84 totaling $1,176,232.04, reducing his holdings by 5.2% to 418,482 shares. The stock has since declined to $50.63, placing it -26.1% from its 52-week high of $68.55, suggesting the sale occurred near a relative peak relative to subsequent price action. Across his cross-ticker track record, the insider exhibits a 93.75% well-timed rate on 20 prior sells, with an average 90-day return of -76.4%, indicating a consistent pattern of selling before declines. At CMG specifically, his prior trade on 2024-12-09 achieved a -21.9% 90-day return (well-timed), though more recent CMG sales in March and February have not yet accumulated measurable 90-day outcomes. The company itself shows solid fundamentals with $2.9B revenue, $386.6M net income, and +14.6% annual growth, though valuation is elevated at a P/E of 43.65.

Chief Customer & Technology Officer Garner Curtis E sells 20,761 shares ($1.0M) at $49.77 avg; stock down 28.9% from 52-week high

Garner Curtis E, Chief Customer & Technology Officer, executed 3 separate sales totaling 20,761 shares for $1,033,260.95 between March 11–13, 2025, reducing his holdings by 4.7% to 418,482 shares. The sales occurred as CMG's stock has declined 28.9% from its 52-week high of $68.55 and is down 13.3% over the prior 30 days and 24.6% over the prior 90 days. His prior trades at CMG (5 distinct transactions) show 3 of 4 measurable outcomes were well-timed at the 90-day mark, with an average 90-day return of -21.9% across the most recent three sales. His cross-ticker track record across all open-market history shows a 94.74% well-timed rate, suggesting a consistent pattern of selling before subsequent declines. The stock currently trades at $48.73, near the lower end of its 52-week range, while the company reports strong fundamentals—$2.8B quarterly revenue, +14.6% annual growth, and $387.4M net income—leaving the valuation and market headwinds as the primary context for the sales.