Chipotle Mexican Grill (NYSE:CMG) Price Target Cut to $37.00 by Analysts at Mizuho

Posted by Brenda Bartman on Oct 23rd, 2026

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) had its price objective reduced by stock analysts at Mizuho from $43.00 to $37.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Mizuho‘s price objective indicates a potential upside of 31.79% from the company’s previous close.

A number of other research firms have also issued reports on CMG. Raymond James Financial reduced their target price on shares of Chipotle Mexican Grill from $42.50 to $37.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Guggenheim restated a “neutral” rating and issued a $36.00 price target (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. JPMorgan Chase & Co. dropped their price target on shares of Chipotle Mexican Grill from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Wells Fargo & Company cut their price target on Chipotle Mexican Grill from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Morgan Stanley boosted their price objective on Chipotle Mexican Grill from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. Twenty-seven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.56.

Get Our Latest Report on CMG

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $28.08 on Friday. The firm has a fifty day moving average of $33.70 and a 200-day moving average of $33.37. The company has a market cap of $35.53 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 1.71 and a beta of 0.96. Chipotle Mexican Grill has a 1 year low of $27.82 and a 1 year high of $42.19.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share 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 business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the company earned $0.33 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts predict that Chipotle Mexican Grill will post 1.14 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the transaction, the insider directly owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at about $4,417,475,000. Arrowstreet Capital Limited Partnership raised its position in shares of Chipotle Mexican Grill by 19.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator’s stock worth $527,469,000 after buying an additional 2,727,762 shares in the last quarter. Amundi raised its position in shares of Chipotle Mexican Grill by 23.3% during the 1st quarter. Amundi now owns 11,980,192 shares of the restaurant operator’s stock worth $383,486,000 after buying an additional 2,266,087 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $383,483,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Chipotle Mexican Grill by 30.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,845,627 shares of the restaurant operator’s stock worth $368,751,000 after acquiring an additional 2,541,795 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Key Chipotle Mexican Grill News

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

Positive Sentiment: Deutsche Bank maintained a Buy rating despite reducing its price target from $51 to $45, implying substantial upside from recent trading levels. The firm’s analysis also noted that menu price increases had reached approximately 19.9% of stores, potentially supporting revenue and margins. Deutsche Bank Adjusts Chipotle Mexican Grill Price Target
Positive Sentiment: Wells Fargo retained an Overweight rating, although it lowered its price target from $45 to $40. The continued bullish rating suggests some analysts believe the recent selloff has created an attractive long-term entry point. Wells Fargo Chipotle rating
Neutral Sentiment: Chipotle shares reached their lowest level since January 2023, while the relative strength index entered oversold territory. That may attract bargain hunters, but it also reflects significant deterioration in investor sentiment. Chipotle shares hit lowest since January 2023
Neutral Sentiment: Options activity was unusually high, including 80,695 put contracts—about 61% above typical volume. The activity signals elevated hedging or bearish speculation but does not by itself confirm further losses. Chipotle sees unusually high options volume
Negative Sentiment: TD Cowen downgraded CMG from Buy to Hold and cut its price target from $44 to $32. Analyst Andrew Charles cited slowing sales and a weak start to October, reducing confidence in a fourth-quarter improvement and warning of below-consensus same-store sales growth in late 2026 and 2027. Chipotle rating lowered to Hold at TD Cowen
Negative Sentiment: Gordon Haskett also lowered its target from $42 to $36 and kept a Hold rating. The cluster of target cuts is reinforcing concerns that inflation, consumer resistance to higher prices, and softer traffic could limit Chipotle’s near-term growth. Gordon Haskett Chipotle rating

Chipotle Mexican Grill Company Profile

(Get Free Report)

Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.