Chipotle Mexican Grill (NYSE:CMG) Given New $36.00 Price Target at Gordon Haskett

Key Points

• Gordon Haskett cut Chipotle’s price target to $36 from $42, though the new target still implies 27.18% upside from the stock’s $28.31 price.
• Analyst sentiment remains broadly positive but mixed: Chipotle has a “Moderate Buy” consensus rating from 23 Buy and nine Hold ratings, with an average price target of $43.32.
• Shares are near their one-year low of $27.87 after concerns about slowing sales, softer consumer demand and the potential impact of price increases on restaurant traffic.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price objective reduced by research analysts at Gordon Haskett from $42.00 to $36.00 in a report released on Monday. Gordon Haskett's price target indicates a potential upside of 27.18% from the company's current price.

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. cut their price target on Chipotle Mexican Grill from $40.00 to $37.00 and set an "overweight" rating for the company in a report on Tuesday, September 29th. Robert W. Baird reissued a "neutral" rating and issued a $40.00 price objective (down from $44.00) on shares of Chipotle Mexican Grill in a research report on Monday, August 24th. Mizuho restated an "outperform" rating and issued a $43.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, September 1st. Morgan Stanley boosted their target price on shares of Chipotle Mexican Grill from $39.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 15th. Finally, Wells Fargo & Company dropped their target price on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday. Twenty-three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.32.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG traded up $0.19 during trading hours on Monday, hitting $28.31. 8,570,861 shares of the company's stock were exchanged, compared to its average volume of 17,783,027. Chipotle Mexican Grill has a 1-year low of $27.87 and a 1-year high of $42.19. The stock has a market capitalization of $35.82 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.80 and a beta of 0.96. The company's 50-day moving average price is $33.79 and its 200-day moving average price is $33.41.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 EPS. On average, research analysts expect that Chipotle Mexican Grill will post 1.14 earnings per share for the current year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the transaction, the insider owned 21,415 shares of the company's stock, valued at $765,586.25. This represents a 11.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.45% of the stock is owned by corporate insiders.

Institutional Trading of Chipotle Mexican Grill

Hedge funds have recently modified their holdings of the company. NBT Bank N.A. bought a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $386,000. Root Financial Partners LLC acquired a new stake in Chipotle Mexican Grill during the third quarter worth $126,000. Sage Private Wealth Group LLC increased its holdings in Chipotle Mexican Grill by 4.9% in the 3rd quarter. Sage Private Wealth Group LLC now owns 17,088 shares of the restaurant operator's stock valued at $546,000 after buying an additional 800 shares during the period. Seamount Financial Group Inc. increased its holdings in Chipotle Mexican Grill by 13.3% in the 3rd quarter. Seamount Financial Group Inc. now owns 11,335 shares of the restaurant operator's stock valued at $362,000 after buying an additional 1,331 shares during the period. Finally, Bell Bank increased its holdings in Chipotle Mexican Grill by 3.2% in the 3rd quarter. Bell Bank now owns 48,159 shares of the restaurant operator's stock valued at $1,539,000 after buying an additional 1,484 shares during the period. Institutional investors own 91.30% of the company's stock.

Key Stories Impacting Chipotle Mexican Grill

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Deutsche Bank maintained a Buy view while noting that Chipotle’s price increases have reached approximately 19.9% of its stores. Higher pricing could support revenue and margins, although investors will be watching whether it further affects customer traffic. Chipotle price hikes reach 19.9% of stores, Deutsche Bank says
• Positive Sentiment: Wells Fargo lowered its price target to $40 from $45 but retained an Overweight rating, implying substantial potential upside from recent trading levels. Wells Fargo lowers Chipotle price target
• Positive Sentiment: Chipotle continues to benefit from industry-leading profitability, significant scale and a large company-owned restaurant base, characteristics highlighted in a comparison with Dutch Bros. Dutch Bros vs. Chipotle Mexican Grill
• Neutral Sentiment: Chipotle is scheduled to report quarterly results on October 28. Recent previews suggest expectations for an earnings beat may be limited, making same-store sales, traffic and management’s outlook key catalysts. Chipotle reports next week
• Negative Sentiment: TD Cowen downgraded CMG from Buy to Hold and cut its price target to $32 from $44, citing slowing sales and a weak start to October. The firm also warned that fourth-quarter and 2027 same-store sales could fall below consensus expectations. TD Cowen downgrades Chipotle
• Negative Sentiment: Unusually heavy put-option activity, with 80,695 puts purchased—about 61% above average daily volume—signals increased bearish hedging or speculation.
• Negative Sentiment: Persistent inflation and softer consumer demand continue to weigh on sales, while higher menu prices may not fully offset weaker traffic. The analyst actions have pushed CMG shares sharply lower and increased scrutiny of its valuation.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc NYSE: CMG operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.

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