Chipotle Mexican Grill Inc (NYSE:CMG) reported upbeat financial results for the fourth quarter Tuesday after the bell.
Chipotle reported revenue of $2.98 billion for the fourth quarter, beating analyst estimates of $2.96 billion. The fast-casual restaurant chain company reported fourth-quarter adjusted earnings of 25 cents per share, beating estimates of 24 cents per share, according to Benzinga Pro.
“Against a dynamic consumer backdrop, we opened a record number of restaurants globally and grew Q4 and full year revenue,” said Scott Boatwright, CEO of Chipotle. “This momentum will fuel our next phase of growth, driven by our ‘Recipe for Growth’ strategy, which leans into what uniquely differentiates our brand to accelerate transactions and expand our footprint globally.”
Chipotle expects full-year 2026 comparable restaurant sales to be “about flat.”
Chipotle shares closed at $39.17 on Tuesday.
These analysts made changes to their price targets on Chipotle following earnings announcement.
- Telsey Advisory Group analyst Sarang Vora maintained Chipotle with an Outperform rating and lowered the price target from $50 to $48.
- Stifel analyst Chris O’Cull maintained the stock with a Buy and cut the price target from $50 to $45.
Considering buying CMG stock? Here’s what analysts think:
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