KeyCorp Cuts Chipotle Mexican Grill (NYSE:CMG) Price Target to $42.00

Chipotle Mexican Grill (NYSE:CMG) had its target price dropped by equities research analysts at KeyCorp from $45.00 to $42.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. KeyCorp’s price objective indicates a potential upside of 9.43% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. TD Cowen reiterated a “buy” rating and issued a $44.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday. Stephens reiterated an “equal weight” rating and set a $35.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 29th. Finally, BTIG Research restated a “buy” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.58.

Chipotle Mexican Grill Price Performance

CMG opened at $38.38 on Wednesday. The firm has a market capitalization of $50.75 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 3.47 and a beta of 0.99. The business’s 50-day moving average is $37.49 and its two-hundred day moving average is $38.97. Chipotle Mexican Grill has a 1 year low of $29.75 and a 1 year high of $59.19.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the company earned $0.25 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of large investors have recently made changes to their positions in CMG. Capital World Investors boosted its position in Chipotle Mexican Grill by 122.7% during the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after acquiring an additional 48,398,628 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Chipotle Mexican Grill by 14.8% during the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after acquiring an additional 18,660,882 shares in the last quarter. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth about $1,001,668,000. Capital International Investors raised its holdings in shares of Chipotle Mexican Grill by 42.4% during the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after buying an additional 11,471,658 shares during the period. Finally, Sustainable Growth Advisers LP purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at $597,031,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Trending Headlines about Chipotle Mexican Grill

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

• Positive Sentiment: Q4 results beat expectations — adjusted EPS of $0.25 and revenue of $2.98B topped consensus, and Chipotle launched a “Recipe for Growth” plan to lift transactions and efficiency. PR Newswire: Q4 and full-year results
• Positive Sentiment: TD Cowen reaffirmed its “buy” rating and set a $44 price target, signaling continued analyst conviction despite the cautious outlook. Benzinga: TD Cowen note
• Positive Sentiment: BTIG kept a “buy” rating with a $45 target, another vote of confidence that the company can recover as traffic stabilizes. Benzinga: BTIG note
• Neutral Sentiment: Telsey cut its price target from $50 to $48 but maintained an “outperform” rating — a tempered view that still implies upside vs. current levels. Benzinga: Telsey note
• Neutral Sentiment: Stifel lowered its target from $50 to $45 but kept a “buy” rating — reflecting reduced near‑term expectations while retaining a constructive medium‑term view. Benzinga: Stifel note
• Neutral Sentiment: MarketBeat’s piece argues CMG may be near a bottom and highlights management’s strategy (tech, back‑of‑house, international expansion) as a potential catalyst if execution improves. MarketBeat: analysis
• Neutral Sentiment: Marketing activation: Chipotle plans a Game‑Day promotion and app initiatives (including up to $1M in free entrée codes) to drive app engagement and traffic. This is promotional upside but not a guaranteed traffic fix. PR Newswire: Game Day promo
• Negative Sentiment: Management forecasted roughly flat comparable‑store sales for 2026 and warned of margin pressure as consumers cut discretionary spending — a key driver of investor concern. Reuters: guidance and outlook
• Negative Sentiment: Traffic declined for the fourth straight quarter; weak guidance and declining transactions prompted an after‑hours selloff and analyst forecast cuts. That weakness is the main reason shares moved lower in reaction to the print. CNBC: share reaction
• Negative Sentiment: Stephens reaffirmed an “equal weight” rating with a $35 target — the only published target in this batch implying downside vs. current levels and adding pressure to sentiment. Benzinga: Stephens note

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.