Chipotle Mexican Grill (NYSE:CMG) Stock Gets Price Target Cut from BNP Paribas Exane

Posted by Brian Himes on Nov 1st, 2026

Chipotle Mexican Grill (NYSE:CMG – Free Report) had its price objective trimmed by BNP Paribas Exane from $39.00 to $36.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

Other analysts also recently issued research reports about the stock. Argus boosted their price objective on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Oppenheimer reaffirmed an “outperform” rating and issued a $51.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. UBS Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a research report on Friday, October 9th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $32.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday. Twenty-seven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.36.

Get Our Latest Stock Report on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $31.89 on Thursday. The stock’s 50-day simple moving average is $33.07 and its 200-day simple moving average is $34.12. The firm has a market capitalization of $40.35 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. Chipotle Mexican Grill has a fifty-two week low of $27.31 and a fifty-two week high of $41.42.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.29 billion. Chipotle Mexican Grill had a net margin of 10.83% and a return on equity of 57.05%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. On average, sell-side analysts forecast that Chipotle Mexican Grill will post 1.10 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 21,415 shares of the company’s stock, valued at approximately $765,586.25. This represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors have recently modified their holdings of the business. Chicago Partners Investment Group LLC grew its stake in Chipotle Mexican Grill by 13.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 19,458 shares of the restaurant operator’s stock valued at $535,000 after acquiring an additional 2,260 shares during the last quarter. Covestor Ltd raised its position in Chipotle Mexican Grill by 20.1% during the third quarter. Covestor Ltd now owns 2,690 shares of the restaurant operator’s stock worth $86,000 after acquiring an additional 451 shares during the last quarter. Compass Financial Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 78.9% in the third quarter. Compass Financial Management LLC now owns 1,184 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 522 shares in the last quarter. Rakuten Investment Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 8.2% in the third quarter. Rakuten Investment Management Inc. now owns 229,281 shares of the restaurant operator’s stock valued at $7,309,000 after purchasing an additional 17,358 shares in the last quarter. Finally, Provenance Wealth Advisors LLC grew its position in shares of Chipotle Mexican Grill by 142,422.2% in the third quarter. Provenance Wealth Advisors LLC now owns 25,654 shares of the restaurant operator’s stock valued at $820,000 after purchasing an additional 25,636 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

More Chipotle Mexican Grill News

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

Positive Sentiment: Third-quarter revenue rose 9.6% year over year to approximately $3.29 billion and comparable sales remained positive for the third consecutive quarter. New menu launches, loyalty offers, digital engagement and improved traffic—particularly among lower-income customers—supported the recovery. Chipotle Q3 Earnings Miss Estimates, Revenues Top, Stock Up
Positive Sentiment: Management’s planned roughly 3% menu-price increase in the fourth quarter should help offset rising beef, freight and labor costs. Investors also responded positively to Chipotle’s brisket launch, expanding restaurant base, more than 24 million loyalty members and plans to open as many as 385 locations in 2027. Chipotle stock soars after chain reveals menu price increases
Positive Sentiment: Several analysts still see substantial recovery potential. DA Davidson, Oppenheimer, BTIG and Citigroup maintained bullish ratings or targets implying upside, while buybacks and a perceived price floor near $32 reinforced the rebound thesis. Chipotle’s $32 Floor: Is a Major Stock Rebound Coming?

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.