Chipotle Mexican Grill’s (CMG) “Outperform” Rating Reiterated at Oppenheimer

Posted by Stanley Muller on Nov 1st, 2026

Oppenheimer reaffirmed their outperform rating on shares of Chipotle Mexican Grill (NYSE:CMG – Free Report) in a research report released on Thursday morning,Benzinga reports. They currently have a $51.00 price objective on the restaurant operator’s stock.

Several other equities research analysts have also recently issued reports on the stock. Guggenheim reaffirmed a “neutral” rating and set a $32.00 price objective (down from $36.00) on shares of Chipotle Mexican Grill in a research report on Thursday. Stephens reissued an “equal weight” rating and issued a $38.00 target price on shares of Chipotle Mexican Grill in a report on Thursday. TD Cowen reissued a “hold” rating and issued a $32.00 target price on shares of Chipotle Mexican Grill in a report on Thursday. Sanford C. Bernstein restated an “outperform” rating and issued a $50.00 price target (up from $40.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Finally, Seaport Research Partners started coverage on Chipotle Mexican Grill in a report on Wednesday, September 16th. They set a “neutral” rating for the company. Twenty-seven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.36.

Read Our Latest Stock Report on CMG

Chipotle Mexican Grill Stock Up 2.0%

Shares of NYSE:CMG opened at $31.89 on Thursday. The firm’s 50 day moving average price is $33.07 and its 200 day moving average price is $34.12. The stock has a market cap of $40.35 billion, a price-to-earnings 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 posted its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.02). Chipotle Mexican Grill had a return on equity of 57.05% and a net margin of 10.83%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the firm earned $0.29 EPS. The company’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that Chipotle Mexican Grill will post 1.10 EPS for the current year.

Insider Activity

In related news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the transaction, the insider directly owned 21,415 shares of the company’s stock, valued at $765,586.25. This trade represents a 11.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently bought and sold shares of CMG. Osbon Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $27,000. Kelleher Financial Advisors acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Rule One Partners LLC acquired a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $32,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $32,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill News Summary

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?

About Chipotle Mexican Grill

(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.