Zacks Research Brokers Lower Earnings Estimates for CMG

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Zacks Research lowered their Q2 2026 EPS estimates for Chipotle Mexican Grill in a note issued to investors on Wednesday, December 3rd. Zacks Research analyst Team now anticipates that the restaurant operator will post earnings per share of $0.34 for the quarter, down from their prior forecast of $0.35. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Chipotle Mexican Grill’s current full-year earnings is $1.29 per share. Zacks Research also issued estimates for Chipotle Mexican Grill’s Q3 2026 earnings at $0.31 EPS, Q4 2026 earnings at $0.30 EPS, FY2026 earnings at $1.23 EPS, Q2 2027 earnings at $0.39 EPS, Q3 2027 earnings at $0.36 EPS and FY2027 earnings at $1.42 EPS.

Several other research firms have also recently commented on CMG. Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $53.00 to $50.00 in a research note on Tuesday, August 12th. Truist Financial dropped their price objective on Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Stephens cut their target price on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Royal Bank Of Canada decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Finally, Raymond James Financial restated an “outperform” rating and issued a $40.00 price target (down previously from $52.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $33.75 on Monday. The firm has a 50-day moving average of $35.95 and a two-hundred day moving average of $43.18. The stock has a market cap of $44.62 billion, a P/E ratio of 29.86, a PEG ratio of 3.43 and a beta of 0.99. Chipotle Mexican Grill has a 1-year low of $29.75 and a 1-year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the business earned $0.27 EPS. The business’s revenue was up 7.5% on a year-over-year basis.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of hedge funds have recently added to or reduced their stakes in the business. Corient IA LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter valued at about $753,000. Advisors Asset Management Inc. increased its stake in shares of Chipotle Mexican Grill by 32.4% in the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after purchasing an additional 18,458 shares during the period. Hilltop National Bank bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $2,579,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Chipotle Mexican Grill by 7.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,596,483 shares of the restaurant operator’s stock worth $145,793,000 after buying an additional 171,466 shares during the period. Finally, Dillon & Associates Inc. boosted its position in shares of Chipotle Mexican Grill by 5.1% during the second quarter. Dillon & Associates Inc. now owns 287,433 shares of the restaurant operator’s stock worth $16,096,000 after buying an additional 14,037 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.