Zacks Research Has Negative Forecast for CMG Q2 Earnings

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Stock analysts at Zacks Research decreased their Q2 2026 earnings per share (EPS) estimates for shares of Chipotle Mexican Grill in a note issued to investors on Wednesday, May 13th. Zacks Research analyst Team now anticipates that the restaurant operator will post earnings of $0.32 per share for the quarter, down from their prior forecast of $0.33. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Chipotle Mexican Grill’s current full-year earnings is $1.13 per share. Zacks Research also issued estimates for Chipotle Mexican Grill’s FY2026 earnings at $1.14 EPS, Q1 2027 earnings at $0.31 EPS and FY2027 earnings at $1.37 EPS.

A number of other equities research analysts have also recently commented on the company. DA Davidson initiated coverage on Chipotle Mexican Grill in a report on Friday, March 6th. They set a “buy” rating and a $51.00 price target on the stock. Morgan Stanley lowered their price target on Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $37.00 to $40.00 in a report on Friday, March 20th. Finally, Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, May 5th. Twenty-four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $32.11 on Friday. Chipotle Mexican Grill has a one year low of $29.75 and a one year high of $58.42. The company’s fifty day moving average price is $33.62 and its 200-day moving average price is $35.38. The company has a market capitalization of $41.19 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 2.07 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Watch Advisors INC bought a new stake in Chipotle Mexican Grill in the third quarter worth $25,000. Financial Life Planners bought a new position in Chipotle Mexican Grill during the third quarter valued at $25,000. MV Capital Management Inc. purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $26,000. Osbon Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $28,000. Finally, Murphy & Mullick Capital Management Corp raised its position in shares of Chipotle Mexican Grill by 106.7% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 400 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.