Zacks Research Has Negative Estimate for CMG Q2 Earnings

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities research analysts at Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for Chipotle Mexican Grill in a report released on Monday, June 9th. Zacks Research analyst H. Ray now forecasts that the restaurant operator will post earnings of $0.37 per share for the quarter, down from their prior forecast 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.

CMG has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, May 29th. UBS Group cut their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Argus cut shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Monday, April 28th. Robert W. Baird reduced their price target on Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Finally, Wells Fargo & Company lowered their price objective on Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $61.37.

Chipotle Mexican Grill Trading Down 1.0%

NYSE:CMG opened at $50.61 on Wednesday. The stock has a market cap of $68.19 billion, a P/E ratio of 45.59, a PEG ratio of 2.04 and a beta of 1.06. The stock has a 50 day simple moving average of $50.12 and a 200 day simple moving average of $54.51. Chipotle Mexican Grill has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the business posted $13.37 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill 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 sale, the insider now directly owns 109,815 shares in the company, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several large investors have recently modified their holdings of the business. 1248 Management LLC bought a new stake in shares of Chipotle Mexican Grill in the first quarter worth $27,000. First Hawaiian Bank lifted its holdings in Chipotle Mexican Grill by 2.3% during the 1st quarter. First Hawaiian Bank now owns 42,538 shares of the restaurant operator’s stock worth $2,136,000 after buying an additional 960 shares during the period. Modern Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 8.7% in the 1st quarter. Modern Wealth Management LLC now owns 6,790 shares of the restaurant operator’s stock valued at $341,000 after buying an additional 542 shares during the last quarter. Strs Ohio acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $93,571,000. Finally, Mattson Financial Services LLC increased its stake in shares of Chipotle Mexican Grill by 62.8% in the first quarter. Mattson Financial Services LLC now owns 1,841 shares of the restaurant operator’s stock valued at $92,000 after buying an additional 710 shares during the period. Institutional investors own 91.31% of the company’s stock.

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.