Zacks Research Has Bullish Estimate for CMG Q2 Earnings

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Research analysts at Zacks Research lifted their Q2 2027 EPS estimates for Chipotle Mexican Grill in a research note issued on Monday, April 20th. Zacks Research analyst Team now anticipates that the restaurant operator will post earnings of $0.39 per share for the quarter, up from their previous forecast of $0.38. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Chipotle Mexican Grill’s current full-year earnings is $1.14 per share. Zacks Research also issued estimates for Chipotle Mexican Grill’s FY2028 earnings at $1.56 EPS.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the business earned $0.25 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis.

Other research analysts also recently issued reports about the stock. BTIG Research restated a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Citigroup decreased their target price on shares of Chipotle Mexican Grill from $49.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. BNP Paribas Exane began coverage on shares of Chipotle Mexican Grill in a research note on Monday, March 30th. They set a “neutral” rating and a $37.00 target price on the stock. Finally, Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Twenty-four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $47.00.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $36.03 on Tuesday. Chipotle Mexican Grill has a one year low of $29.75 and a one year high of $58.42. The company has a market cap of $46.92 billion, a P/E ratio of 31.60, a P/E/G ratio of 2.18 and a beta of 1.06. The firm has a 50 day simple moving average of $34.85 and a two-hundred day simple moving average of $36.26.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital World Investors grew its stake in shares of Chipotle Mexican Grill by 122.7% in the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after purchasing an additional 48,398,628 shares during the last quarter. Norges Bank bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $711,837,000. Vanguard Group Inc. grew its stake in shares of Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after purchasing an additional 18,660,882 shares during the last quarter. Capital International Investors grew its stake in shares of Chipotle Mexican Grill by 42.4% in the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after purchasing an additional 11,471,658 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Chipotle Mexican Grill by 206.4% in the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock worth $520,300,000 after purchasing an additional 9,473,120 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill News Roundup

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

• Positive Sentiment: Chipotle announced the nationwide return of Chipotle Honey Chicken (starting April 28), its best‑performing LTO from 2025, now available across North America and Europe and added to the High Protein Cup — a promotion that historically drove strong incremental traffic and ticket lifts. CHIPOTLE KICKS OFF THE SUMMER SEASON WITH THE RETURN OF HIGHLY POPULAR CHIPOTLE HONEY CHICKEN
• Positive Sentiment: Chipotle’s loyalty relaunch emphasizes value and could drive higher in‑restaurant frequency and win back less frequent customers—key for sustaining mid‑single digit revenue growth and margin leverage. A look at how Chipotle’s loyalty relaunch could affect customer behavior
• Positive Sentiment: Analyst model tweaks: Zacks slightly raised Q2 FY2027 and FY2028 EPS estimates, signaling modestly improved near‑term earnings outlook that can support the share price if sales and comps follow. MarketBeat – Zacks Research estimate updates
• Neutral Sentiment: Long‑term performance feature: A Yahoo Finance piece highlights how a $1,000 investment in Chipotle a decade ago would have performed — positive framing for long‑term holders but unlikely to drive short‑term price moves. Here’s How Much a $1000 Investment in Chipotle Mexican Grill Made 10 Years Ago Would Be Worth Today
• Neutral Sentiment: Industry tech note: An article on CAVA scaling kitchen display systems underscores broader restaurant tech investments to improve order accuracy—relevant as an industry trend but not a direct catalyst for Chipotle. CAVA’s KDS Rollout Boosts Digital Accuracy: Can Tech Drive Traffic?
• Negative Sentiment: Raymond James trimmed its price target from $43 to $41 while keeping an “Outperform” rating—reduces modeled upside and may cap near‑term expectations for gains. Benzinga note on Raymond James price target change
• Negative Sentiment: Royal Bank of Canada cut its price target to $45, another sign of analyst caution that could limit momentum despite positive sales initiatives. Royal Bank Of Canada Cuts Chipotle Mexican Grill Price Target to $45.00

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.