Chipotle Mexican Grill (NYSE:CMG) Given New $44.00 Price Target at Citigroup

Chipotle Mexican Grill (NYSE:CMG) had its price objective cut by Citigroup from $49.00 to $44.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other research firms have also recently commented on CMG. KeyCorp cut their price target on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Sanford C. Bernstein boosted their price target on Chipotle Mexican Grill from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. BTIG Research restated a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Mizuho upgraded Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $37.00 to $40.00 in a research note on Friday, March 20th. Finally, Raymond James Financial upped their price objective on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Twenty-four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.97.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $34.92 on Tuesday. Chipotle Mexican Grill has a one year low of $29.75 and a one year high of $58.42. The business’s 50-day simple moving average is $35.20 and its 200 day simple moving average is $36.42. The stock has a market cap of $45.48 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 2.12 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several institutional investors have recently made changes to their positions in CMG. Revolve Wealth Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Bison Wealth LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $224,000. Empowered Funds LLC grew its holdings in shares of Chipotle Mexican Grill by 5.5% during the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after purchasing an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 7,176.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 1,794 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of Chipotle Mexican Grill by 88.8% during the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock valued at $15,406,000 after purchasing an additional 129,066 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Key Chipotle Mexican Grill News

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

• Positive Sentiment: Chipotle relaunched its loyalty program, “Rewards on Repeat,” boosting value, frequency and engagement for ~21 million active members. Management highlights monthly free-food drops, expanded redemption and a redesigned in-app experience aimed at increasing repeat visits and digital sales — a direct lever for same-store sales and margin-accretive digital growth. CHIPOTLE RELAUNCHES REWARDS WITH “REWARDS ON REPEAT”
• Positive Sentiment: Multiple media write-ups (TheStreet, TipRanks, Yahoo/PR coverage) emphasize the program’s gamification and younger-consumer appeal, reinforcing the view that the initiative could lift traffic and loyalty over time. Chipotle launches upgraded rewards program
• Neutral Sentiment: Market commentary notes CMG modestly outperformed the broader market in recent sessions — a short-term technical tailwind that may reflect investor enthusiasm around the rewards relaunch and cheapened multiples versus recent highs. Chipotle Mexican Grill (CMG) Outperforms Broader Market
• Neutral Sentiment: Coverage on peer dynamics (a Chipotle-style chain exiting markets) could be tangentially positive for Chipotle if competitors shrink, but this is indirect and not a clear near-term driver. Chipotle-style chain shuts restaurants
• Negative Sentiment: Citigroup trimmed its price target on CMG from $49 to $44 while keeping a “buy” rating — the cut reduces upside expectations and may temper analyst-driven optimism even though the firm still sees meaningful upside from current levels. Citigroup lowers price target

Chipotle Mexican Grill Company Profile

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.