Chipotle Mexican Grill (CMG) Projected to Release Quarterly Earnings on Wednesday

Key Points

• Chipotle is expected to report Q3 2026 results after market close on October 28. Analysts forecast earnings of $0.2903 per share on $3.28 billion in revenue, with the conference call scheduled for 4:30 p.m. ET.
• In the prior quarter, Chipotle exceeded expectations with $0.33 EPS and $3.35 billion in revenue, while revenue increased 9.3% year over year.
• Analysts remain generally optimistic: 22 rate the stock a Buy and 10 a Hold, producing a “Moderate Buy” consensus and an average price target of $43.59. Shares recently traded at $29.66, near their 52-week low of $28.03.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) is projected to release its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect Chipotle Mexican Grill to post earnings of $0.2903 per share and revenue of $3.28 billion for the quarter. Investors can find conference call details on the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Wednesday, October 28, 2026 at 4:30 PM ET.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.35 billion during the quarter, compared to analysts' expectations of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. On average, analysts expect Chipotle Mexican Grill to post $1.14 EPS for the current fiscal year and $1.37 EPS for the next fiscal year.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $29.66 on Wednesday. The firm has a 50 day simple moving average of $33.88 and a 200 day simple moving average of $33.45. Chipotle Mexican Grill has a 52 week low of $28.03 and a 52 week high of $42.74. The stock has a market cap of $37.53 billion, a P/E ratio of 27.21, a P/E/G ratio of 1.83 and a beta of 0.96.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CMG shares. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 7th. TD Cowen reissued a "buy" rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Morgan Stanley boosted their price target on shares of Chipotle Mexican Grill from $39.00 to $40.00 and gave the company an "equal weight" rating in a report on Thursday, October 15th. Robert W. Baird reaffirmed a "neutral" rating and issued a $40.00 price target (down from $44.00) on shares of Chipotle Mexican Grill in a research note on Monday, August 24th. Finally, Bank of America reiterated a "buy" rating and set a $53.00 price objective (up from $50.00) on shares of Chipotle Mexican Grill in a report on Tuesday, September 1st. Twenty-two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.59.

Insider Buying and Selling

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.