Zacks Research Has Negative Outlook of CMG Q2 Earnings

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Analysts at Zacks Research lowered their Q2 2026 EPS estimates for shares of Chipotle Mexican Grill in a report released on Monday, June 9th. Zacks Research analyst H. Ray now expects that the restaurant operator will earn $0.37 per share for the quarter, down from their previous estimate of $0.39. 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 FY2026 earnings at $1.41 EPS, Q1 2027 earnings at $0.37 EPS and FY2027 earnings at $1.67 EPS.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business posted $13.37 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis.

Other analysts have also issued research reports about the company. KeyCorp decreased their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Morgan Stanley dropped their price objective on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Loop Capital reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Piper Sandler lowered their target price on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Finally, Redburn Atlantic assumed coverage on shares of Chipotle Mexican Grill in a report on Tuesday. They set a “neutral” rating and a $55.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.37.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $50.89 on Wednesday. The firm has a market capitalization of $68.57 billion, a price-to-earnings ratio of 45.84, a PEG ratio of 2.04 and a beta of 1.06. The business has a 50 day simple moving average of $50.29 and a 200-day simple moving average of $54.42. Chipotle Mexican Grill has a 1 year low of $44.46 and a 1 year high of $69.26.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the transaction, the insider now directly owns 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% 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. 0.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Large investors have recently bought and sold shares of the business. Cloud Capital Management LLC bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $25,000. Saudi Central Bank purchased a new position in Chipotle Mexican Grill in the first quarter valued at about $27,000. 1248 Management LLC purchased a new position in Chipotle Mexican Grill in the first quarter valued at about $27,000. HighMark Wealth Management LLC raised its holdings in Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 371 shares in the last quarter. Finally, North Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $30,000. Institutional investors own 91.31% of the company’s stock.

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.