Chipotle stock has experienced a significant year-to-date decline of 44% in 2025. Historically, the company demonstrated robust performance, with annual revenues surging from $3.9 billion in 2016 to $11.8 billion over the most recent trailing 12-month period, reflecting substantial growth over the decade. However, 2025 saw a 4% to 5% reduction in customer visitation compared to 2024, a trend attributed to elevated menu pricing and tighter consumer budgets, with these headwinds projected to extend into 2026. Despite these short-to-medium-term operational challenges, the company has consistently improved its returns on invested capital (ROIC) under its current leadership, establishing itself as a top-performing restaurant business globally. The analyst, after years of deeming the stock overvalued and issuing 'hold' recommendations, now identifies Chipotle's valuation as attractive. A discounted cash flow (DCF) intrinsic valuation model indicates a fair value of $45 per share, presenting an attractive buying opportunity at current lower price levels.