Chipotle Mexican Grill (CMG) Projected to Post Earnings on Wednesday

Key Points

• Chipotle is set to report Q1 2026 earnings after the close on Wednesday, April 29 (earnings call 4:30 PM ET); analysts expect $0.24 EPS and $3.0616 billion in revenue for the quarter.
• Operational catalysts — notably the nationwide return of Chipotle Honey Chicken and a loyalty relaunch emphasizing value — could boost traffic and frequency, helping sustain mid‑single‑digit revenue growth and margin leverage.
• Analyst views are mixed: the stock has a consensus "Moderate Buy" rating with a $47 average target, but several firms have recently trimmed price targets (e.g., Raymond James to $41, RBC to $45), which could limit near‑term upside.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) will likely be posting its Q1 2026 results after the market closes on Wednesday, April 29th. Analysts expect Chipotle Mexican Grill to post earnings of $0.24 per share and revenue of $3.0616 billion for the quarter. Investors can check the company's upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Wednesday, April 29, 2026 at 4:30 PM ET.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 earnings per share. On average, analysts expect Chipotle Mexican Grill to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $36.03 on Wednesday. Chipotle Mexican Grill has a 52-week low of $29.75 and a 52-week high of $58.42. The firm has a market capitalization of $46.92 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 2.18 and a beta of 1.06. The company's fifty day moving average price is $34.85 and its two-hundred day moving average price is $36.26.

Institutional Trading of Chipotle Mexican Grill

Several large investors have recently made changes to their positions in CMG. Sunbelt Securities Inc. lifted its position in Chipotle Mexican Grill by 29.3% during the 4th quarter. Sunbelt Securities Inc. now owns 12,129 shares of the restaurant operator's stock worth $449,000 after buying an additional 2,745 shares in the last quarter. Invesco Ltd. increased its position in Chipotle Mexican Grill by 25.7% in the 4th quarter. Invesco Ltd. now owns 9,638,510 shares of the restaurant operator's stock valued at $356,625,000 after acquiring an additional 1,970,870 shares in the last quarter. Corient Private Wealth LLC increased its position in Chipotle Mexican Grill by 18.7% in the 4th quarter. Corient Private Wealth LLC now owns 304,414 shares of the restaurant operator's stock valued at $11,263,000 after acquiring an additional 47,987 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Chipotle Mexican Grill by 64.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 266,476 shares of the restaurant operator's stock worth $9,863,000 after acquiring an additional 104,070 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 2.0% in the fourth quarter. Beacon Pointe Advisors LLC now owns 102,101 shares of the restaurant operator's stock worth $3,778,000 after acquiring an additional 1,978 shares during the last quarter. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill News Roundup

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

• Positive Sentiment: Chipotle announced the nationwide return of Chipotle Honey Chicken (starting April 28), its best‑performing LTO from 2025, now available across North America and Europe and added to the High Protein Cup — a promotion that historically drove strong incremental traffic and ticket lifts. CHIPOTLE KICKS OFF THE SUMMER SEASON WITH THE RETURN OF HIGHLY POPULAR CHIPOTLE HONEY CHICKEN
• Positive Sentiment: Chipotle’s loyalty relaunch emphasizes value and could drive higher in‑restaurant frequency and win back less frequent customers—key for sustaining mid‑single digit revenue growth and margin leverage. A look at how Chipotle’s loyalty relaunch could affect customer behavior
• Positive Sentiment: Analyst model tweaks: Zacks slightly raised Q2 FY2027 and FY2028 EPS estimates, signaling modestly improved near‑term earnings outlook that can support the share price if sales and comps follow. MarketBeat - Zacks Research estimate updates
• Neutral Sentiment: Long‑term performance feature: A Yahoo Finance piece highlights how a $1,000 investment in Chipotle a decade ago would have performed — positive framing for long‑term holders but unlikely to drive short‑term price moves. Here's How Much a $1000 Investment in Chipotle Mexican Grill Made 10 Years Ago Would Be Worth Today
• Neutral Sentiment: Industry tech note: An article on CAVA scaling kitchen display systems underscores broader restaurant tech investments to improve order accuracy—relevant as an industry trend but not a direct catalyst for Chipotle. CAVA's KDS Rollout Boosts Digital Accuracy: Can Tech Drive Traffic?
• Negative Sentiment: Raymond James trimmed its price target from $43 to $41 while keeping an “Outperform” rating—reduces modeled upside and may cap near‑term expectations for gains. Benzinga note on Raymond James price target change
• Negative Sentiment: Royal Bank of Canada cut its price target to $45, another sign of analyst caution that could limit momentum despite positive sales initiatives. Royal Bank Of Canada Cuts Chipotle Mexican Grill Price Target to $45.00

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CMG. Stifel Nicolaus reissued a "buy" rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Wall Street Zen upgraded shares of Chipotle Mexican Grill from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Citigroup decreased their price objective on Chipotle Mexican Grill from $49.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. Barclays lowered their price objective on Chipotle Mexican Grill from $44.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 4th. Finally, Morgan Stanley dropped their target price on Chipotle Mexican Grill from $50.00 to $49.00 and set an "overweight" rating for the company in a report on Wednesday, February 4th. Twenty-four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $47.00.

About Chipotle Mexican Grill

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.

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