Analyst Coverage

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Please note that any opinions, estimates or forecasts regarding Chipotle Mexican Grill Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Chipotle Mexican Grill Inc. or its management. Chipotle Mexican Grill Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.</p> <p> </p> <table border="1" cellpadding="2" cellspacing="1" class="tableBorder" width="100%"> <tbody> <tr class="tableBorder"> <td nowrap="nowrap" valign="top"><b><span class="ccbnTblTtl">Firm</span></b></td> <td nowrap="nowrap" valign="top"><b><span class="ccbnTblTtl">Analyst</span></b></td> </tr> <tr> <td valign="top">Argus Research</td> <td valign="top">John Staszak</td> </tr> <tr> <td valign="top">Baird</td> <td valign="top">David Tarantino</td> </tr> <tr class="tableBorder"> <td valign="top">Barclays Capital</td> <td valign="top"> <div>Jeff Bernstein</div> </td> </tr> <tr class="tableBorder"> <td valign="top">BMO Capital Markets</td> <td valign="top">Andrew Strelzik</td> </tr> <tr class="tableBorder"> <td valign="top">BTIG</td> <td valign="top">Peter Saleh</td> </tr> <tr class="tableBorder"> <td valign="top">Cleveland Research Company</td> <td valign="top">Steve Gojak</td> </tr> <tr class="tableBorder"> <td valign="top">Cowen</td> <td valign="top">Andrew Charles</td> </tr> <tr> <td valign="top">Credit Suisse</td> <td valign="top">Lauren Silberman</td> </tr> <tr> <td valign="top">Deutsche Bank</td> <td valign="top">Brian Mullan</td> </tr> <tr> <td valign="top">Evercore ISI</td> <td valign="top">David Palmer</td> </tr> <tr> <td valign="top">Goldman Sachs</td> <td valign="top">Jared Garber</td> </tr> <tr> <td valign="top">Gordon Haskett</td> <td valign="top">Jeff Farmer</td> </tr> <tr> <td valign="top">Guggenheim Securities, LLC </td> <td valign="top">Gregory Francfort</td> </tr> <tr class="tableBorder"> <td valign="top">Jefferies</td> <td valign="top">Andrew Barish</td> </tr> <tr class="tableBorder"> <td valign="top">JP Morgan</td> <td valign="top">John Ivankoe</td> </tr> <tr class="tableBorder"> <td valign="top">Kalinowski Equity Research</td> <td valign="top">Mark Kalinowski</td> </tr> <tr class="tableBorder"> <td valign="top">Keybanc</td> <td valign="top">Eric Gonzalez</td> </tr> <tr class="tableBorder"> <td valign="top">Loop Capital</td> <td valign="top">Alton Stump</td> </tr> <tr> <td valign="top">Morgan Stanley</td> <td valign="top">John Glass</td> </tr> <tr> <td valign="top">Morningstar</td> <td valign="top">Sean Dunlop</td> </tr> <tr> <td valign="top">Northcoast Research</td> <td valign="top">James Sanderson</td> </tr> <tr> <td valign="top">Oppenheimer</td> <td valign="top">Brian Bittner</td> </tr> <tr> <td valign="top">Piper Sandler</td> <td valign="top">Nicole Miller Regan</td> </tr> <tr> <td valign="top">Raymond James</td> <td valign="top">Brian Vaccaro</td> </tr> <tr> <td valign="top">RBC Capital Markets</td> <td valign="top">Christopher Carril</td> </tr> <tr> <td valign="top">Stephens</td> <td valign="top">James Rutherford</td> </tr> <tr> <td valign="top">Stifel Financial</td> <td valign="top">Chris O’Cull</td> </tr> <tr> <td valign="top">Truist Securities</td> <td valign="top">Jake Bartlett</td> </tr> <tr> <td valign="top">UBS</td> <td valign="top">Dennis Geiger</td> </tr> <tr> <td valign="top">Wedbush</td> <td valign="top">Nick Setyan</td> </tr> <tr> <td valign="top">William Blair & Company</td> <td valign="top">Sharon Zackfia</td> </tr> <tr> <td valign="top">Wolfe Research</td> <td valign="top">Greg Badishkanian</td> </tr> </tbody> </table> <p> </p> <p>Chipotle Mexican Grill Inc is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Chipotle Mexican Grill Inc's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Chipotle Mexican Grill Inc or its management. 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