Zacks Research Analysts Decrease Earnings Estimates for CMG

Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) - Stock analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for Chipotle Mexican Grill in a research note issued on Wednesday, May 7th. Zacks Research analyst H. Ray now expects that the restaurant operator will post earnings of $0.36 per share for the quarter, down from their prior estimate 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.

Other equities research analysts also recently issued research reports about the stock. Barclays dropped their target price on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. TD Securities dropped their price target on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Cfra upgraded Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and raised their price objective for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.74.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG traded down $0.10 during midday trading on Monday, reaching $50.66. The company had a trading volume of 12,927,299 shares, compared to its average volume of 13,538,164. The stock has a market capitalization of $68.26 billion, a P/E ratio of 45.63, a PEG ratio of 2.04 and a beta of 1.11. The stock's fifty day moving average price is $49.61 and its 200-day moving average price is $55.60. Chipotle Mexican Grill has a one year low of $44.46 and a one year high of $69.26.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CMG. Cloud Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $25,000. HighMark Wealth Management LLC lifted its position in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 371 shares during the last quarter. North Capital Inc. bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $30,000. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $31,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $31,000. 91.31% of the stock is owned by institutional investors and hedge funds.

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.