Equities Analysts Offer Predictions for CMG Q3 Earnings

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for Chipotle Mexican Grill in a report released on Wednesday, May 7th. Zacks Research analyst H. Ray now forecasts that the restaurant operator will earn $0.36 per share for the quarter, down from their previous 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 research analysts have also weighed in on CMG. Truist Financial lowered their price objective on Chipotle Mexican Grill from $74.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Stephens reissued an “equal weight” rating and issued a $49.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, May 7th. Wedbush dropped their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. TD Securities reduced their target price on Chipotle Mexican Grill from $60.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Finally, Stifel Nicolaus decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Nine investment 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.74.

Chipotle Mexican Grill Stock Down 0.2%

Shares of NYSE:CMG opened at $50.66 on Monday. Chipotle Mexican Grill has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The firm’s 50-day simple moving average is $49.59 and its 200-day simple moving average is $55.57. The company has a market cap of $68.26 billion, a price-to-earnings ratio of 45.63, a PEG ratio of 2.04 and a beta of 1.11.

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

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tortoise Investment Management LLC increased its stake in Chipotle Mexican Grill by 14.0% in the fourth quarter. Tortoise Investment Management LLC now owns 1,436 shares of the restaurant operator’s stock valued at $87,000 after purchasing an additional 176 shares during the last quarter. Traynor Capital Management Inc. increased its stake in shares of Chipotle Mexican Grill by 2.5% during the 4th quarter. Traynor Capital Management Inc. now owns 7,522 shares of the restaurant operator’s stock valued at $454,000 after acquiring an additional 181 shares during the last quarter. BTC Capital Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 1.9% during the 4th quarter. BTC Capital Management Inc. now owns 9,969 shares of the restaurant operator’s stock worth $601,000 after acquiring an additional 184 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares during the last quarter. Finally, Confluence Wealth Services Inc. grew its holdings in Chipotle Mexican Grill by 4.2% in the fourth quarter. Confluence Wealth Services Inc. now owns 5,391 shares of the restaurant operator’s stock valued at $310,000 after purchasing an additional 218 shares during the period. 91.31% of the stock is owned by hedge funds and other 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.