What is Zacks Research's Forecast for CMG Q3 Earnings?

Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) - Equities researchers at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for shares of Chipotle Mexican Grill in a research report issued to clients and investors on Wednesday, May 7th. Zacks Research analyst H. Ray now expects that the restaurant operator will earn $0.36 per share for the quarter, down from their prior forecast of $0.38. 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 Q4 2026 earnings at $0.35 EPS and FY2026 earnings at $1.43 EPS.

A number of other equities analysts also recently issued reports on the stock. Sanford C. Bernstein reissued an "outperform" rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Loop Capital decreased their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Guggenheim set a $47.00 target price on Chipotle Mexican Grill in a research note on Friday, April 25th. Piper Sandler reduced their price target on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Royal Bank of Canada lowered their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $61.74.

Chipotle Mexican Grill Stock Down 0.0%

Shares of NYSE:CMG traded down $0.02 on Monday, hitting $52.03. The company had a trading volume of 2,818,291 shares, compared to its average volume of 13,023,019. The firm's 50-day simple moving average is $49.68 and its two-hundred day simple moving average is $55.48. The firm has a market capitalization of $70.10 billion, a price-to-earnings ratio of 46.85, a P/E/G ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill has a 1 year low of $44.46 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $13.37 earnings per share.

Hedge Funds Weigh In On Chipotle Mexican Grill

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Chipotle Mexican Grill by 1.3% in the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock valued at $6,148,884,000 after acquiring an additional 1,597,287 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Chipotle Mexican Grill by 8.0% in the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock worth $1,632,092,000 after purchasing an additional 2,404,798 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator's stock worth $1,712,238,000 after buying an additional 395,053 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Chipotle Mexican Grill by 2.1% during the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock valued at $1,037,471,000 after buying an additional 425,648 shares during the period. 91.31% of the stock is owned by institutional investors.

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.