Zacks Research Has Positive Estimate for CMG Q2 Earnings

Key Points

• Zacks Research has revised its Q2 2026 earnings per share (EPS) estimate for Chipotle Mexican Grill (CMG) to $0.38, up from a previous estimate of $0.37.
• Multiple analysts have recently adjusted their price targets for Chipotle, with Robert W. Baird lowering it from $62 to $59 and JPMorgan Chase reducing theirs from $58 to $54.
• The current consensus estimate for Chipotle's full-year earnings stands at $1.29 per share, with an average rating of "Moderate Buy" and a target price of $60.71.

Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) - Equities researchers at Zacks Research boosted their Q2 2026 EPS estimates for shares of Chipotle Mexican Grill in a note issued to investors on Wednesday, August 6th. Zacks Research analyst H. Ray now expects that the restaurant operator will post earnings of $0.38 per share for the quarter, up from their previous forecast of $0.37. The consensus estimate for Chipotle Mexican Grill's current full-year earnings is $1.29 per share.

Other analysts also recently issued research reports about the company. Robert W. Baird cut their price target on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Stephens reaffirmed an "equal weight" rating and issued a $60.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, July 24th. JPMorgan Chase & Co. dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Finally, Barclays reduced their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average target price of $60.71.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG traded down $0.59 during trading on Friday, reaching $42.10. 3,632,087 shares of the company's stock traded hands, compared to its average volume of 13,884,681. The stock has a market capitalization of $56.45 billion, a P/E ratio of 37.60, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. Chipotle Mexican Grill has a 12 month low of $42.15 and a 12 month high of $66.74. The company has a 50 day moving average of $51.39 and a 200-day moving average of $51.75.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. 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 $3.06 billion for the quarter, compared to analysts' expectations of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share.

Insiders Place Their Bets

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the transaction, the insider directly owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $25,000. Saudi Central Bank acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $27,000. 1248 Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $27,000. Signature Resources Capital Management LLC bought a new position in Chipotle Mexican Grill during the 2nd quarter worth about $28,000. Finally, HighMark Wealth Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Chipotle Mexican Grill Company Profile

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.

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