Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $37.00 by Analysts at JPMorgan Chase & Co.

Posted by Francis Steltz on Sep 29th, 2026

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $40.00 to $37.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.64% from the stock’s current price.

CMG has been the topic of several other research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Mizuho reissued an “outperform” rating and set a $43.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, September 1st. Robert W. Baird restated a “neutral” rating and set a $40.00 target price (down from $44.00) on shares of Chipotle Mexican Grill in a research report on Monday, August 24th. Finally, Evercore reaffirmed an “outperform” rating and set a $47.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.91.

Get Our Latest Stock Analysis on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $31.72 on Tuesday. The company’s 50-day simple moving average is $34.80 and its two-hundred day simple moving average is $33.64. Chipotle Mexican Grill has a one year low of $28.03 and a one year high of $42.81. The company has a market capitalization of $40.14 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.92 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts expect that Chipotle Mexican Grill will post 1.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the transaction, the insider directly owned 21,415 shares of the company’s stock, valued at $765,586.25. The trade was a 11.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.45% of the stock is owned by company insiders.

Institutional Trading of Chipotle Mexican Grill

A number of large investors have recently modified their holdings of CMG. BlackRock Inc. purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $4,417,475,000. Capital World Investors grew its stake in Chipotle Mexican Grill by 15.8% during the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after buying an additional 13,843,222 shares during the last quarter. Capital International Investors lifted its position in Chipotle Mexican Grill by 17.7% during the 4th quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after acquiring an additional 6,796,285 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Chipotle Mexican Grill by 19.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator’s stock worth $527,469,000 after acquiring an additional 2,727,762 shares during the period. Finally, Clearbridge Investments LLC lifted its position in 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 valued at $520,300,000 after purchasing an additional 9,473,120 shares during the period. Hedge funds and other 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: Chipotlane momentum highlights an important growth driver. Chipotle reached another milestone with its drive-through pickup concept, reinforcing the company’s strategy of using Chipotlanes to improve convenience, order throughput and restaurant productivity as it expands its store base. Chipotle hits another milestone with its successful Chipotlane concept
Positive Sentiment: Unusually heavy call-option activity signals speculative bullish interest. Investors purchased 72,766 call options, about 51% above average volume. This can amplify positive sentiment around CMG, although options activity is not a fundamental indicator and may increase volatility.
Positive Sentiment: Chipotle is bringing back its classic margarita for a limited-time Halloween campaign. The company will offer $6 margaritas through a five-city “Summon the Spirits Tour” in October ahead of Boorito. The promotion could drive visits, social-media engagement and incremental beverage sales, though its limited duration makes the direct earnings impact difficult to quantify. Chipotle summons the return of margaritas
Neutral Sentiment: Recent trading strength occurred despite a softer broader market. Coverage noted that CMG gained during the latest session while the overall market declined, suggesting relative strength, but the move does not by itself establish a change in the company’s earnings outlook. Chipotle gains as market dips
Neutral Sentiment: Valuation remains a key consideration. A comparison with CAVA emphasizes CMG’s greater scale and established profitability, while also pointing to the importance of valuation, margins and future growth expectations when assessing the stock.

Chipotle Mexican Grill Company Profile

(Get Free Report)

Chipotle Mexican Grill, Inc is a fast-casual restaurant company that specializes in Mexican-inspired food made with a limited number of core ingredients. Its menu includes burritos, burrito bowls, tacos, quesadillas, salads and sides, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company also offers beverages, including soft drinks and other drinks, and allows customers to customize meals.

Founded by Steve Ells in 1993, Chipotle operates company-owned restaurants under the Chipotle Mexican Grill brand.