Chipotle Mexican Grill (CMG) Projected to Post Earnings on Wednesday

Chipotle Mexican Grill (NYSE:CMG) is projected to post its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect Chipotle Mexican Grill to announce earnings of $0.2905 per share and revenue of $3.29 billion for the quarter. Individuals may review the information on the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Wednesday, October 28, 2026 at 4:30 PM ET.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts expect Chipotle Mexican Grill to post $1.14 EPS for the current fiscal year and $1.37 EPS for the next fiscal year.

Chipotle Mexican Grill Price Performance

CMG opened at $27.51 on Monday. Chipotle Mexican Grill has a 12 month low of $27.31 and a 12 month high of $42.19. The stock has a market cap of $34.81 billion, a P/E ratio of 25.24, a P/E/G ratio of 1.67 and a beta of 0.96. The stock’s 50 day moving average price is $33.58 and its 200 day moving average price is $33.33.

Analyst Ratings Changes

Several analysts have recently weighed in on CMG shares. Stephens cut their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, October 15th. Robert W. Baird reduced their price objective on Chipotle Mexican Grill from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research report on Friday, October 9th. Seaport Research Partners began coverage on Chipotle Mexican Grill in a research report on Wednesday, September 16th. They set a “neutral” rating on the stock. Finally, Weiss Ratings raised Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Twenty-seven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.56.

Insider Activity at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.45% of the stock is currently owned by company insiders.

Key Stories Impacting Chipotle Mexican Grill

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

• Positive Sentiment: Despite the recent weakness, several analysts still see significant upside. Mizuho lowered its target from $43 to $37 but retained an “outperform” rating, while Deutsche Bank maintained a “buy” rating after reducing its target from $51 to $45. Mizuho analyst rating
• Positive Sentiment: Chipotle is relying on menu innovation, digital initiatives, loyalty programs, marketing and pricing to support sales. Its scale and historically strong profitability remain longer-term investment positives. Chipotle Q3 earnings preview
• Neutral Sentiment: Chipotle is scheduled to report third-quarter earnings on October 28. Analysts are watching sales trends, restaurant traffic, digital performance and margins more closely than headline revenue and earnings estimates. Chipotle Q3 earnings expectations
• Negative Sentiment: TD Cowen downgraded CMG from “buy” to “hold” and cut its price target from $44 to $32, citing weak October data and slowing sales. The analyst now questions whether Chipotle can achieve the expected fourth-quarter improvement. Why Chipotle stock is trading lower
• Negative Sentiment: A former long-standing Chipotle bull moved to the sidelines after signs of a soft start to the fourth quarter, adding to concerns about weaker sales growth in 2027. Chipotle softening sales
• Negative Sentiment: Rising food, labor and operating expenses threaten margins, while recent price increases could further pressure customer traffic and demand. Chipotle price hikes
• Negative Sentiment: The combination of multiple target cuts, fresh downgrades and unusually heavy options activity is amplifying near-term volatility ahead of earnings. Chipotle stock dips

Chipotle Mexican Grill Company Profile

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.