Zacks Research Has Bearish Estimate for CMG Q2 Earnings

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Investment analysts at Zacks Research decreased their Q2 2027 EPS estimates for Chipotle Mexican Grill in a research note issued to investors on Wednesday, August 12th. Zacks Research analyst Team now anticipates that the restaurant operator will earn $0.36 per share for the quarter, down from their prior estimate of $0.39. Zacks Research currently 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 Q1 2028 earnings at $0.34 EPS, Q2 2028 earnings at $0.39 EPS and FY2028 earnings at $1.50 EPS.

Several other research analysts also recently weighed in on CMG. Barclays reduced their target price on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Guggenheim reissued a “neutral” rating and issued a $36.00 price target (up from $35.00) on shares of Chipotle Mexican Grill in a report on Friday, July 31st. 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, August 5th. Stephens reaffirmed a “positive” rating and set a $40.00 price objective (up from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.16.

Chipotle Mexican Grill Trading Up 1.9%

Shares of CMG opened at $32.62 on Thursday. The firm has a market cap of $41.28 billion, a P/E ratio of 29.93, a PEG ratio of 2.04 and a beta of 0.94. Chipotle Mexican Grill has a 12 month low of $28.03 and a 12 month high of $44.27. The stock’s 50 day moving average is $33.22 and its two-hundred day moving average is $34.21.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wealth Watch Advisors INC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth $25,000. MV Capital Management Inc. purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $26,000. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $28,000. Meeder Asset Management Inc. purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at about $27,000. Finally, Kelleher Financial Advisors purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at about $28,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Chipotle Mexican Grill

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

• Positive Sentiment: Chipotle raised its guidance despite still-elevated inflation, suggesting management remains confident in the business outlook. Earlier quarterly results also showed revenue growth and earnings slightly ahead of analyst expectations. Inflation Hasn’t Disappeared, Yet Chipotle Raised Guidance
• Positive Sentiment: The return of Chipotle IQ offers a marketing and loyalty boost, with more than $1 million in free food, rewards points, daily challenges and a new sweepstakes. The campaign could support digital engagement, traffic and customer retention. Chipotle IQ Returns
• Positive Sentiment: Wall Street analysts reportedly see approximately 22% upside from recent levels, maintaining a generally constructive view despite concerns about costs and a cautious consumer. Wall Street Sees Upside in Chipotle
• Neutral Sentiment: Lettuce prices posted a record monthly decline in July. Lower produce costs could help restaurant margins, but a cyclospora outbreak is making consumers more hesitant to eat leafy greens, creating a potential demand and food-safety concern for restaurants. Lettuce Prices Plunge as Cyclospora Spooks Consumers
• Negative Sentiment: Health officials are investigating a multistate Salmonella outbreak reportedly linked to fresh jalapeños, while a Minnesota federal lawsuit has increased scrutiny of Chipotle’s potential food-safety and legal exposure. The headlines have weighed on sentiment and raise risks to traffic, brand reputation and costs. Chipotle Stock and Salmonella Investigation

About Chipotle Mexican Grill

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.