Zacks Research Has Bearish Forecast for CMG Q2 Earnings

Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) - Analysts at Zacks Research decreased their Q2 2026 earnings per share estimates for Chipotle Mexican Grill in a report issued on Monday, June 9th. Zacks Research analyst H. Ray now forecasts that the restaurant operator will earn $0.37 per share for the quarter, down from their previous forecast of $0.39. 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 FY2026 earnings at $1.41 EPS, Q1 2027 earnings at $0.37 EPS and FY2027 earnings at $1.67 EPS.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm's revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $13.37 earnings per share.

A number of other equities analysts have also weighed in on the company. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a research note on Friday, April 25th. Morgan Stanley lowered their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada lowered their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus lowered their price objective on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lowered their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Ten research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.37.

Chipotle Mexican Grill Stock Performance

NYSE CMG traded down $0.65 during trading hours on Wednesday, hitting $50.24. 9,303,828 shares of the company traded hands, compared to its average volume of 13,403,811. The business's 50-day moving average is $50.38 and its 200-day moving average is $54.33. Chipotle Mexican Grill has a twelve month low of $44.46 and a twelve month high of $69.26. The stock has a market capitalization of $67.70 billion, a price-to-earnings ratio of 45.26, a P/E/G ratio of 2.04 and a beta of 1.06.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider now owns 109,815 shares in the company, valued at approximately $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several hedge funds have recently made changes to their positions in the business. Cloud Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $27,000. 1248 Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $27,000. HighMark Wealth Management LLC boosted its position in Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 371 shares during the period. Finally, North Capital Inc. purchased a new stake in Chipotle Mexican Grill during the 1st quarter worth $30,000. Institutional investors and hedge funds own 91.31% of the company's stock.

About Chipotle Mexican Grill

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.