Citigroup Cuts Chipotle Mexican Grill (NYSE:CMG) Price Target to $45.00

Posted by on Jul 13th, 2026

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) had its price objective cut by investment analysts at Citigroup from $46.00 to $45.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price objective would suggest a potential upside of 24.13% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Mizuho raised their price objective on Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday. Piper Sandler cut their price target on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Barclays dropped their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Finally, Raymond James Financial cut their price objective on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Twenty-three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.10.

Check Out Our Latest Analysis on CMG

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $36.25 on Monday. The company’s fifty day moving average price is $32.36 and its 200-day moving average price is $34.97. Chipotle Mexican Grill has a 1-year low of $28.03 and a 1-year high of $55.75. The firm has a market capitalization of $46.50 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the business posted $0.29 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill will post 1.13 EPS for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC raised its position in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares during the period. Centurion Wealth Management LLC boosted its stake in shares of Chipotle Mexican Grill by 3.1% during the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 260 shares in the last quarter. City State Bank grew its position in shares of Chipotle Mexican Grill by 13.4% during the 4th quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock valued at $86,000 after acquiring an additional 275 shares during the period. Groupama Asset Managment increased its stake in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after purchasing an additional 291 shares in the last quarter. Finally, Cromwell Holdings LLC increased its stake in shares of Chipotle Mexican Grill by 7.4% in the 4th quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock valued at $159,000 after purchasing an additional 295 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

About Chipotle Mexican Grill

(Get Free Report)

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.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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