Analyst Consensus ?
ConsensusBuy66 ratings
Bullish4568.2%
Neutral2131.8%
Bearish00.0%
Chipotle Mexican Grill, Inc. · CMG · FY2024 Q4 · Calendar Q1 2025
Chipotle enters FY2025 with growth investments—and execution risks
The supplied analysis supports a balanced view: Chipotle has multiple demand and productivity levers, but the next-year case depends on executing restaurant expansion, throughput upgrades, LTOs, and digital initiatives while containing cost and external risks.
Reported After market closeNYSEConsumer Cyclical
$40.52B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.24
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $2.85B
Revenue surprise
—
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-2.6%
Event window
SPY move
+0.4%
Same window
Abnormal move
-3.0%
Stock minus SPY
Volume
2.8×
Versus trailing sessions
Subsequent drift
-10.5%
Up to 20 sessions
CMGSPY benchmark
Ask FN2 about CMG FY2024 Q4
Transcript, numbers and history already loaded
What drove CMG's -2.6% move after FY2024 Q4 earnings?What changed in CMG's guidance and outlook in FY2024 Q4?Give me the bull and bear case for CMG after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management moved from a prior focus on operational initiatives and expansion plans to a maintained FY2025 outlook with more emphasis on throughput modernization, pricing discipline, avocado sourcing, and tariff exposure.
Guidance delta
Management maintained its FY2025 outlook, with low- to mid-single-digit comparable-sales growth and roughly 2% pricing expected.
Key takeaways
- Management emphasized throughput, kitchen modernization, and digital personalization as operating priorities.
- Restaurant expansion, Chipotle Lanes, LTOs, and international partnerships remain central growth drivers.
- The outlook is maintained, but weather, tariffs, food costs, labor inflation, and execution remain watch items.
Management priorities
- Roll out produce slicers and other back-of-house equipment
- Improve throughput and guest retention through staffing and digital personalization
- Expand Chipotle Lanes and international development
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Analyst 52W Price Targets
$30.4Current
$30.1Low
$46.23Average
$70High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 12, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Overweight | Maintain | Sep 29, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Sep 1, 2026 |
| B of A Securities | Buy | Buy | Maintain | Sep 1, 2026 |
| Baird | Neutral | Outperform | Downgrade | Aug 24, 2026 |
| BTIG | Buy | Buy | Maintain | Aug 5, 2026 |
| Argus Research | Buy | Buy | Maintain | Aug 4, 2026 |
| Guggenheim | Neutral | Neutral | Maintain | Jul 31, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jul 30, 2026 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Jul 30, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jul 30, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 30, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 30, 2026 |
| DA Davidson | Buy | Buy | Maintain | Jul 30, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 13, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Apr 30, 2026 |
| BNP Paribas | Neutral | Neutral | Maintain | Apr 30, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Apr 30, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Apr 21, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Feb 4, 2026 |
| Telsey Advisory Group | Outperform | Outperform | Maintain | Feb 4, 2026 |
| Stifel | Buy | Buy | Maintain | Feb 4, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Feb 4, 2026 |
| BWG Global | Mixed | Positive | Downgrade | Jan 22, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jan 8, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Jan 5, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Oct 30, 2025 |
| UBS | Buy | Buy | Maintain | Oct 20, 2025 |
| Jefferies | Hold | Hold | Maintain | Oct 13, 2025 |
| Rothschild & Co | Buy | Neutral | Upgrade | Sep 3, 2025 |
| BMO Capital | Outperform | Market Perform | Upgrade | Jul 18, 2025 |
| TD Securities | Buy | Buy | Maintain | Jun 18, 2025 |
| Loop Capital | Buy | Buy | Maintain | Apr 24, 2025 |
| Wedbush | Outperform | Outperform | Maintain | Feb 5, 2025 |
| Oppenheimer | Outperform | Outperform | Maintain | Jan 7, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Aug 14, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Apr 26, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 8, 2023 |
| OTR Global | Positive | Mixed | Upgrade | Jun 27, 2022 |
| Gordon Haskett | Buy | Hold | Upgrade | Jan 26, 2022 |
| Northcoast Research | Buy | Neutral | Upgrade | Feb 9, 2021 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Jul 23, 2020 |
| CFRA | Hold | Hold | Maintain | Apr 22, 2020 |
| William Blair | Outperform | Market Perform | Upgrade | Mar 6, 2020 |
| Maxim Group | Hold | Hold | Maintain | Feb 3, 2020 |
| Bank of America | Neutral | Underperform | Upgrade | Oct 18, 2019 |
| Piper Jaffray | Overweight | Overweight | Maintain | Aug 29, 2019 |
| BTIG Research | Buy | Buy | Maintain | Jul 24, 2019 |
| PiperJaffray | Overweight | Overweight | Maintain | Mar 18, 2019 |
| Stifel Nicolaus | Hold | Hold | Maintain | Jul 27, 2018 |
| Canaccord Genuity | Buy | Buy | Maintain | Jul 27, 2018 |
| Argus | Buy | Hold | Upgrade | May 16, 2018 |
| Nomura | Neutral | Neutral | Maintain | Jan 30, 2018 |
| Standpoint Research | Hold | Underperform | Upgrade | Aug 25, 2017 |
| CLSA | Outperform | Underperform | Upgrade | Jul 19, 2016 |
| Cleveland Research | Neutral | Buy | Downgrade | May 26, 2016 |
| Sterne Agee CRT | Neutral | Neutral | Maintain | Apr 27, 2016 |
| Sterne Agee | Neutral | Neutral | Maintain | Apr 27, 2016 |
| Miller Tabak | Buy | Hold | Upgrade | May 28, 2015 |
| Wunderlich Securities | Hold | Hold | Maintain | Feb 2, 2015 |
| Wunderlich | Hold | Hold | Maintain | Feb 2, 2015 |
| Longbow Research | Neutral | Buy | Downgrade | Aug 8, 2014 |
| Belus Capital | Buy | Hold | Upgrade | Feb 12, 2014 |
| Janney Montgomery Scott | Buy | Neutral | Upgrade | Oct 11, 2013 |
| Janney Capital | Buy | Neutral | Upgrade | Oct 11, 2013 |
| S&P Capital IQ | Hold | Sell | Upgrade | Jul 19, 2013 |
| Lazard | Buy | Neutral | Upgrade | Jan 28, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $30.4. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Robert W. Baird | Chris O'Cull | $40 | $36.9 | +31.6% | Aug 24, 2026 |
| Argus Research | Analyst unavailable | $45 | $37.15 | +48.0% | Aug 4, 2026 |
| D.A. Davidson | Analyst unavailable | $50 | $38.49 | +64.5% | Jul 30, 2026 |
| Stephens | Jim Salera | $40 | $34.24 | +31.6% | Jul 30, 2026 |
| Robert W. Baird | Analyst unavailable | $44 | $34.24 | +44.7% | Jul 30, 2026 |
| Piper Sandler | Analyst unavailable | $39 | $34.24 | +28.3% | Jul 30, 2026 |
| Morgan Stanley | Analyst unavailable | $39 | $34.24 | +28.3% | Jul 30, 2026 |
| Raymond James | Brian Vaccaro | $42.5 | $34.24 | +39.8% | Jul 30, 2026 |
| Evercore ISI | David Palmer | $47 | $34.24 | +54.6% | Jul 30, 2026 |
| Mizuho Securities | Analyst unavailable | $41 | $35.25 | +34.9% | Jul 13, 2026 |
| Morgan Stanley | Brian Harbour | $37 | $29.24 | +21.7% | Jun 3, 2026 |
| Piper Sandler | Analyst unavailable | $42 | $32.98 | +38.2% | Apr 30, 2026 |
| Stephens | Analyst unavailable | $39 | $32.98 | +28.3% | Apr 30, 2026 |
| Bernstein | Jeffrey Bernstein | $38 | $32.98 | +25.0% | Apr 30, 2026 |
| Raymond James | Analyst unavailable | $41 | $35.83 | +34.9% | Apr 21, 2026 |
| RBC Capital | Analyst unavailable | $45 | $36.3 | +48.0% | Apr 17, 2026 |
| Guggenheim | Analyst unavailable | $36 | $39.93 | +18.4% | Feb 5, 2026 |
| Deutsche Bank | Lauren Silberman | $48 | $39.92 | +57.9% | Feb 4, 2026 |
| Telsey Advisory | Sarang Vora | $48 | $38.61 | +57.9% | Feb 4, 2026 |
| Morgan Stanley | Brian Harbour | $49 | $39.17 | +61.2% | Feb 4, 2026 |
| BMO Capital | Andrew Strelzik | $52 | $38.92 | +71.1% | Feb 4, 2026 |
| Mizuho Securities | Nick Setyan | $37 | $39.18 | +21.7% | Feb 4, 2026 |
| Stifel Nicolaus | Chris O'Cull | $45 | $39.18 | +48.0% | Feb 4, 2026 |
| Piper Sandler | Analyst unavailable | $44 | $39.18 | +44.7% | Feb 4, 2026 |
| Wells Fargo | Analyst unavailable | $45 | $39.18 | +48.0% | Feb 4, 2026 |
| Barclays | Analyst unavailable | $40 | $39.18 | +31.6% | Feb 4, 2026 |
| Robert W. Baird | Analyst unavailable | $45 | $39.9 | +48.0% | Jan 28, 2026 |
| Piper Sandler | Brian Mullan | $47 | $40.54 | +54.6% | Jan 23, 2026 |
| Wells Fargo | Analyst unavailable | $50 | $40.72 | +64.5% | Jan 22, 2026 |
| Raymond James | Analyst unavailable | $45 | $39 | +48.0% | Jan 21, 2026 |
| Mizuho Securities | Analyst unavailable | $38 | $39.18 | +25.0% | Jan 9, 2026 |
| Telsey Advisory | Analyst unavailable | $50 | $39.18 | +64.5% | Jan 9, 2026 |
| Gordon Haskett Capital Corporation | Jeff Farmer | $42 | $39.43 | +38.2% | Jan 8, 2026 |
| Truist Financial | Analyst unavailable | $50 | $38.87 | +64.5% | Jan 8, 2026 |
| Barclays | Analyst unavailable | $44 | $38.6 | +44.7% | Jan 7, 2026 |
| Bernstein | Analyst unavailable | $50 | $37.49 | +64.5% | Jan 5, 2026 |
| Mizuho Securities | Analyst unavailable | $36 | $37 | +18.4% | Jan 2, 2026 |
| Evercore ISI | David Palmer | $45 | $37.62 | +48.0% | Dec 19, 2025 |
| UBS | Dennis Geiger | $45 | $31.69 | +48.0% | Oct 31, 2025 |
| Stephens | Analyst unavailable | $35 | $32.52 | +15.1% | Oct 30, 2025 |
| Truist Financial | Jake Bartlett | $45 | $32.92 | +48.0% | Oct 30, 2025 |
| RBC Capital | Logan Reich | $40 | $32.82 | +31.6% | Oct 30, 2025 |
| KeyBanc | Eric Gonzalez | $45 | $33.58 | +48.0% | Oct 30, 2025 |
| Morgan Stanley | Analyst unavailable | $50 | $39.76 | +64.5% | Oct 30, 2025 |
| BTIG | Analyst unavailable | $45 | $39.76 | +48.0% | Oct 30, 2025 |
| Stifel Nicolaus | Chris O'Cull | $50 | $39.76 | +64.5% | Oct 30, 2025 |
| Bernstein | Analyst unavailable | $40 | $39.76 | +31.6% | Oct 30, 2025 |
| Barclays | Analyst unavailable | $38 | $39.76 | +25.0% | Oct 30, 2025 |
| Raymond James | Brian Vaccaro | $40 | $39.76 | +31.6% | Oct 30, 2025 |
| Mizuho Securities | Nick Setyan | $34 | $39.76 | +11.8% | Oct 30, 2025 |
| Goldman Sachs | Christine Cho | $45 | $39.76 | +48.0% | Oct 30, 2025 |
| Mizuho Securities | Analyst unavailable | $40 | $41.06 | +31.6% | Oct 27, 2025 |
| Barclays | Analyst unavailable | $43 | $41.52 | +41.4% | Oct 22, 2025 |
| UBS | Analyst unavailable | $56 | $41.86 | +84.2% | Oct 20, 2025 |
| KeyBanc | Analyst unavailable | $52 | $41.86 | +71.1% | Oct 20, 2025 |
| Wells Fargo | Zachary Fadem | $55 | $41.77 | +80.9% | Oct 16, 2025 |
| Morgan Stanley | Brian Harbour | $59 | $42.1 | +94.1% | Oct 15, 2025 |
| Truist Financial | Jake Bartlett | $53 | $41.8 | +74.3% | Oct 14, 2025 |
| Jefferies | Andy Barish | $44 | $39.82 | +44.7% | Oct 13, 2025 |
| Robert W. Baird | Analyst unavailable | $49 | $40.89 | +61.2% | Oct 10, 2025 |
| Stifel Nicolaus | Chris O'Cull | $60 | $39.4 | +97.4% | Sep 9, 2025 |
| Truist Financial | Jake Bartlett | $60 | $46.76 | +97.4% | Jul 25, 2025 |
| Bernstein | Danilo Gargiulo | $65 | $50.63 | +113.8% | May 23, 2025 |
| Guggenheim | Analyst unavailable | $47 | $51.78 | +54.6% | Apr 25, 2025 |
| Morgan Stanley | Brian Harbour | $65 | $49.06 | +113.8% | Apr 24, 2025 |
| KeyBanc | Eric Gonzalez | $58 | $48.82 | +90.8% | Apr 24, 2025 |
| Bernstein | Jeffrey Bernstein | $52 | $49.54 | +71.1% | Apr 24, 2025 |
| UBS | Dennis Geiger | $65 | $48.08 | +113.8% | Apr 16, 2025 |
| Stifel Nicolaus | Chris O'Cull | $65 | $48.99 | +113.8% | Mar 19, 2025 |
| Evercore ISI | David Palmer | $72 | $64.1 | +136.8% | Dec 5, 2024 |
| RBC Capital | Logan Reich | $70 | $59.91 | +130.3% | Nov 15, 2024 |
| Truist Financial | Jake Bartlett | $72 | $59.27 | +136.8% | Nov 11, 2024 |
| BMO Capital | Andrew Strelzik | $56 | $57.06 | +84.2% | Oct 30, 2024 |
| Loop Capital Markets | Alton Stump | $58 | $57.12 | +90.8% | Oct 30, 2024 |
| Piper Sandler | Brian Mullan | $60 | $56.28 | +97.4% | Oct 30, 2024 |
| Robert W. Baird | David Tarantino | $70 | $60.49 | +130.3% | Oct 30, 2024 |
| Bernstein | Jeffrey Bernstein | $60 | $60.49 | +97.4% | Oct 30, 2024 |
| Truist Financial | Jake Bartlett | $71 | $59.28 | +133.6% | Oct 15, 2024 |
| Evercore ISI | David Palmer | $70 | $59.28 | +130.3% | Oct 15, 2024 |
| Bernstein | Danilo Gargiulo | $70 | $58.65 | +130.3% | Oct 14, 2024 |
| Piper Sandler | Brian Mullan | $59 | $58.33 | +94.1% | Oct 11, 2024 |
| Evercore ISI | David Palmer | $59 | $51.68 | +94.1% | Aug 14, 2024 |
| Wedbush | Nick Setyan | $58 | $51.65 | +90.8% | Aug 14, 2024 |
| Wedbush | Nick Setyan | $80 | $51.5 | +163.2% | Aug 13, 2024 |
| Argus Research | John Staszak | $60 | $49.72 | +97.4% | Jul 26, 2024 |
| Truist Financial | Jake Bartlett | $69 | $50.82 | +127.0% | Jul 25, 2024 |
| Wedbush | Nick Setyan | $54 | $50.6 | +77.6% | Jul 25, 2024 |
| CFRA | Siye Desta | $59 | $50.84 | +94.1% | Jul 25, 2024 |
| BMO Capital | Andrew Strelzik | $55 | $51.78 | +80.9% | Jul 25, 2024 |
| Oppenheimer | Brian Bittner | $65 | $51.78 | +113.8% | Jul 25, 2024 |
| Loop Capital Markets | Alton Stump | $53 | $50.84 | +74.3% | Jul 25, 2024 |
| Piper Sandler | Brian Mullan | $56 | $50.84 | +84.2% | Jul 25, 2024 |
| KeyBanc | Eric Gonzalez | $66 | $51.78 | +117.1% | Jul 25, 2024 |
| Barclays | Jeffrey Bernstein | $58 | $57.74 | +90.8% | Jul 17, 2024 |
| Piper Sandler | Brian Mullan | $61 | $56.61 | +100.7% | Jul 16, 2024 |
| Stifel Nicolaus | Chris O'Cull | $70 | $59.51 | +130.3% | Jul 9, 2024 |
| Robert W. Baird | David Tarantino | $74 | $65.86 | +143.4% | Jun 27, 2024 |
| Bernstein | Danilo Gargiulo | $80 | $65.86 | +163.2% | Jun 27, 2024 |
| BTIG | Peter Saleh | $67 | $64.08 | +120.4% | Jun 27, 2024 |
| Argus Research | John Staszak | $77.76 | $68.55 | +155.8% | Jun 18, 2024 |
| Goldman Sachs | Christine Cho | $74.6 | $63.42 | +145.4% | Jun 13, 2024 |
| Truist Financial | Jake Bartlett | $70.4 | $63.08 | +131.6% | May 29, 2024 |
| Oppenheimer | Brian Bittner | $69.7 | $63.46 | +129.3% | May 22, 2024 |
| Piper Sandler | Aisling Grueninger | $61.4 | $59.93 | +102.0% | Apr 25, 2024 |
| Wedbush | Nick Setyan | $64 | $58.54 | +110.5% | Apr 25, 2024 |
| Oppenheimer | Brian Bittner | $66 | $58.54 | +117.1% | Apr 25, 2024 |
| KeyBanc | Eric Gonzalez | $68 | $58.54 | +123.7% | Apr 25, 2024 |
| Stephens | Jim Salera | $61 | $58.54 | +100.7% | Apr 25, 2024 |
| Robert W. Baird | David Tarantino | $70 | $58.54 | +130.3% | Apr 25, 2024 |
| BTIG | Peter Saleh | $67 | $58.54 | +120.4% | Apr 25, 2024 |
| Wells Fargo | Jon Tower | $66 | $58.54 | +117.1% | Apr 25, 2024 |
| Evercore ISI | David Palmer | $72 | $58.54 | +136.8% | Apr 25, 2024 |
| BMO Capital | Andrew Strelzik | $57 | $58.54 | +87.5% | Apr 25, 2024 |
| Wells Fargo | Jon Tower | $65.7 | $57.68 | +116.1% | Apr 23, 2024 |
| UBS | Dennis Geiger | $68 | $59.6 | +123.7% | Apr 11, 2024 |
| Stifel Nicolaus | Chris O'Cull | $65.4 | $59.31 | +115.1% | Apr 11, 2024 |
| Piper Sandler | Aisling Grueninger | $48.84 | $58.63 | +60.7% | Apr 9, 2024 |
| Argus Research | John Staszak | $67.32 | $57.91 | +121.4% | Apr 4, 2024 |
| KeyBanc | Eric Gonzalez | $55 | $57.91 | +80.9% | Apr 3, 2024 |
| BTIG | Analyst unavailable | $65 | $58.47 | +113.8% | Mar 28, 2024 |
| Bernstein | Danilo Gargiulo | $64 | $58.07 | +110.5% | Mar 26, 2024 |
| Wedbush | Nick Setyan | $57 | $57.64 | +87.5% | Mar 22, 2024 |
| Robert W. Baird | David Tarantino | $63 | $58.1 | +107.2% | Mar 21, 2024 |
| Deutsche Bank | Lauren Silberman | $66 | $57.9 | +117.1% | Mar 20, 2024 |
| Wolfe Research | Greg Badishkanian | $57 | $54.4 | +87.5% | Mar 12, 2024 |
| Loop Capital Markets | Andrew Strelzik | $48 | $54.2 | +57.9% | Feb 7, 2024 |
| Stephens | Joshua Long | $56 | $44.85 | +84.2% | Jan 2, 2024 |
| Wedbush | Nick Setyan | $44 | $38.76 | +44.7% | Oct 27, 2023 |
| Oppenheimer | Brian Bittner | $46 | $38.2 | +51.3% | Jul 27, 2023 |
| Oppenheimer | Brian Bittner | $47 | $42.23 | +54.6% | Jul 17, 2023 |
| Loop Capital Markets | Eric Gonzalez | $46 | $0.82 | +51.3% | Jun 23, 2023 |
| Loop Capital Markets | Eric Gonzalez | $41 | $40.83 | +34.9% | Apr 26, 2023 |
| Barclays | Andrew Charles | $37.7 | $35.6 | +24.0% | Apr 26, 2023 |
| Stephens | Joshua Long | $35.2 | $32.64 | +15.8% | Feb 8, 2023 |
| Truist Financial | Analyst unavailable | $36 | $33.32 | +18.4% | Feb 8, 2023 |
| BMO Capital | Analyst unavailable | $36 | $34.46 | +18.4% | Feb 8, 2023 |
| Wells Fargo | Analyst unavailable | $38 | $34.46 | +25.0% | Feb 8, 2023 |
| Raymond James | Analyst unavailable | $38 | $34.46 | +25.0% | Feb 8, 2023 |
| Barclays | Analyst unavailable | $31 | $34.46 | +2.0% | Feb 8, 2023 |
| Wedbush | Analyst unavailable | $41.6 | $34.46 | +36.8% | Feb 8, 2023 |
| Cowen & Co. | Analyst unavailable | $41 | $34.46 | +34.9% | Feb 8, 2023 |
| Oppenheimer | Analyst unavailable | $37.5 | $33.79 | +23.4% | Feb 3, 2023 |
| Barclays | Analyst unavailable | $29 | $27.52 | -4.6% | Jan 5, 2023 |
| J.P. Morgan | John Ivankoe | $32 | $31.16 | +5.3% | Dec 12, 2022 |
| Bernstein | Jeffrey Bernstein | $30.2 | $30.91 | -0.7% | Oct 26, 2022 |
| Oppenheimer | Brian Bittner | $36 | $30.97 | +18.4% | Oct 17, 2022 |
| Morgan Stanley | John Glass | $36.94 | $29.81 | +21.5% | Oct 11, 2022 |
| Oppenheimer | Brian Bittner | $34.5 | $26.95 | +13.5% | Jul 25, 2022 |
| Deutsche Bank | Brian Mullan | $30.1 | $25.23 | -1.0% | Jul 13, 2022 |
| Wedbush | Nick Setyan | $36 | $27.67 | +18.4% | Jun 2, 2022 |
| Deutsche Bank | Analyst unavailable | $34.48 | $29.69 | +13.4% | Apr 28, 2022 |
| Morgan Stanley | John Glass | $38.08 | $29.51 | +25.3% | Apr 27, 2022 |
| Barclays | Analyst unavailable | $31.7 | $28.76 | +4.3% | Apr 27, 2022 |
| Citigroup | Analyst unavailable | $38.52 | $28.76 | +26.7% | Apr 27, 2022 |
| Cowen & Co. | Analyst unavailable | $36.6 | $28.76 | +20.4% | Apr 27, 2022 |
| Stifel Nicolaus | Chris O`Cull | $37 | $28.76 | +21.7% | Apr 26, 2022 |
| Wedbush | Nick Setyan | $40 | $29.62 | +31.6% | Apr 25, 2022 |
| KeyBanc | Eric Gonzalez | $38 | $32.6 | +25.0% | Apr 20, 2022 |
| Citigroup | Jon Tower | $38 | $32.06 | +25.0% | Apr 17, 2022 |
| Stephens | James Rutherford | $43 | $32.17 | +41.4% | Feb 9, 2022 |
| Morgan Stanley | John Glass | $38.06 | $32.17 | +25.2% | Feb 9, 2022 |
| J.P. Morgan | John Ivankoe | $36 | $32.17 | +18.4% | Feb 9, 2022 |
| Deutsche Bank | Brian Mullan | $33.92 | $29.21 | +11.6% | Feb 8, 2022 |
| Stifel Nicolaus | Chris O`Cull | $37 | $29.21 | +21.7% | Feb 8, 2022 |
| RBC Capital | Christopher Carril | $40 | $29.21 | +31.6% | Feb 8, 2022 |
| Gordon Haskett Capital Corporation | Jeff Farmer | $35 | $27.17 | +15.1% | Jan 26, 2022 |
| Raymond James | Brian Vaccaro | $37 | $27.17 | +21.7% | Jan 26, 2022 |
| UBS | Dennis Geiger | $42 | $28.33 | +38.2% | Jan 24, 2022 |
| Oppenheimer | Brian Bittner | $38.5 | $31.96 | +26.6% | Jan 7, 2022 |
| Jefferies | Andy Barish | $36.4 | $33.68 | +19.7% | Dec 17, 2021 |
| Northcoast Research | Jim Sanderson | $40.76 | $35.99 | +34.1% | Nov 2, 2021 |
| Wells Fargo | Jon Tower | $41.38 | $35.84 | +36.1% | Oct 22, 2021 |
| Goldman Sachs | Jared Garber | $43.8 | $35.84 | +44.1% | Oct 22, 2021 |
| BMO Capital | Andrew Strelzik | $35 | $35.84 | +15.1% | Oct 22, 2021 |
| Credit Suisse | Lauren Silberman | $44 | $35.84 | +44.7% | Oct 22, 2021 |
| Loop Capital Markets | Alton Stump | $36 | $36.6 | +18.4% | Oct 5, 2021 |
| Argus Research | John Staszak | $44 | $38.74 | +44.7% | Sep 24, 2021 |
| Wolfe Research | Greg Badishkanian | $35.24 | $29.42 | +15.9% | Apr 26, 2021 |
Track every rating change on CMG the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationChipotle Mexican Grill, Inc., along with its affiliated companies, oversees the ownership and daily running of Chipotle Mexican Grill eateries. By February 15, 2022, its global presence included roughly 3,000 restaurant locations spread across the United States, Canada, the United Kingdom, France, Germany, and other parts of Europe. The company was established in 1993 and maintains its principal office in Newport Beach, California.
Historical context
All CMG earningsConsumer Cyclical peers this season
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| NKE NIKE, Inc. | FY2027 Q1 · Calendar Q4 2026 | +10.0% | -0.7% | Nike’s performance categories grow as resets weigh on FY27 outlook |
| CCL Carnival Corporation & plc | FY2026 Q3 · Calendar Q3 2026 | +5.9% | +13.4% | Carnival posts record Q3 as demand and efficiency offset fuel costs |
| DRI Darden Restaurants, Inc. | FY2027 Q1 · Calendar Q3 2026 | 0.0% | -3.0% | Darden reaffirms FY2027 outlook as brands deliver mixed comp growth |
| AZO AutoZone, Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.6% | +3.3% | AutoZone pairs commercial momentum with an aggressive FY2027 expansion plan |
| LEN-B Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | — | Lennar: Efficiency Gains Offset Housing-Market Pressures |
| LEN Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | -4.1% | Lennar Holds Volume Guidance as Margins Improve Despite Housing Headwinds |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-21T00:01:13.267231+00:00
- Polygon adjusted daily market bars · 2026-10-12T18:10:44.199309+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-12T18:10:44.196370+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-12. For educational purposes only; not investment advice.