Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Has Consensus Price Target of $43.56 According to Brokerages

Chipotle Mexican Grill, Inc. (NYSE:CMG) has received a consensus recommendation of “Moderate Buy” from the thirty-six analysts that are currently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $42.36.

A number of analysts have recently weighed in on the company. Robert W. Baird cut their price objective on Chipotle Mexican Grill from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Chipotle Mexican Grill from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. BTIG Research reissued a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday. KeyCorp reissued an “overweight” rating and issued a $40.00 price objective (down from $42.00) on shares of Chipotle Mexican Grill in a research report on Thursday. Finally, DA Davidson restated a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday.

Key Chipotle Mexican Grill News

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Third-quarter revenue rose 9.6% year over year to approximately $3.29 billion and comparable sales remained positive for the third consecutive quarter. New menu launches, loyalty offers, digital engagement and improved traffic—particularly among lower-income customers—supported the recovery. Chipotle Q3 Earnings Miss Estimates, Revenues Top, Stock Up
• Positive Sentiment: Management’s planned roughly 3% menu-price increase in the fourth quarter should help offset rising beef, freight and labor costs. Investors also responded positively to Chipotle’s brisket launch, expanding restaurant base, more than 24 million loyalty members and plans to open as many as 385 locations in 2027. Chipotle stock soars after chain reveals menu price increases
• Positive Sentiment: Several analysts still see substantial recovery potential. DA Davidson, Oppenheimer, BTIG and Citigroup maintained bullish ratings or targets implying upside, while buybacks and a perceived price floor near $32 reinforced the rebound thesis. Chipotle’s $32 Floor: Is a Major Stock Rebound Coming?

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $31.89 on Tuesday. The company has a market cap of $40.35 billion, a P/E ratio of 29.80, a P/E/G ratio of 1.99 and a beta of 0.96. The stock has a 50-day moving average of $33.07 and a two-hundred day moving average of $34.12. Chipotle Mexican Grill has a 1-year low of $27.31 and a 1-year high of $41.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.29 billion. Chipotle Mexican Grill had a return on equity of 57.05% and a net margin of 10.83%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. On average, analysts anticipate that Chipotle Mexican Grill will post 1.10 EPS for the current fiscal year.

Insider Activity

In other news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider owned 21,415 shares in the company, valued at approximately $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMG. Citizens Financial Group Inc. RI increased its holdings in shares of Chipotle Mexican Grill by 2.5% in the 1st quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock valued at $407,000 after acquiring an additional 311 shares during the period. ANB Bank boosted its stake in Chipotle Mexican Grill by 5.8% during the 1st quarter. ANB Bank now owns 6,317 shares of the restaurant operator’s stock worth $202,000 after purchasing an additional 349 shares during the period. State of Wyoming grew its position in Chipotle Mexican Grill by 10.9% during the 1st quarter. State of Wyoming now owns 3,759 shares of the restaurant operator’s stock worth $120,000 after purchasing an additional 368 shares during the last quarter. Valmark Advisers Inc. grew its position in Chipotle Mexican Grill by 2.9% during the 1st quarter. Valmark Advisers Inc. now owns 13,275 shares of the restaurant operator’s stock worth $425,000 after purchasing an additional 377 shares during the last quarter. Finally, GM Advisory Group LLC grew its position in Chipotle Mexican Grill by 7.2% during the 1st quarter. GM Advisory Group LLC now owns 6,434 shares of the restaurant operator’s stock worth $206,000 after purchasing an additional 434 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.