Chipotle Mexican Grill Inc (CMG · NYSE)
CMG · MARKET VIEW
Market view · as of Oct 12, 2026
Price (last ~year)
Chipotle shares have fallen 12.7% over the past month to $31.59, though the stock drew attention after a Financial Times report that Starbucks explored a potential takeover — a deal analysts broadly questioned given limited synergies and the scale involved. Underlying fundamentals remain steady: Q2 revenue rose to $3.35B with operating income of $525.6M, the company beat estimates in all four of its last quarters, and revenue grew 9.3% year over year despite a 1.3% dip in earnings. Returns are strong (ROE 49.6%) and leverage is moderate at 2.4x debt/EBITDA, though the current ratio of 0.72 and $228.2M in cash leave a thinner liquidity cushion. The stock trades at 28.98x earnings, below the $43.76 analyst target, with an RSI of 40 and a 24% position in its 52-week range.
Valuation
- Market cap
- $39.97B
- P/E
- 28.98
- PEG
- 1.743
- P/B
- 17.27
- P/S
- 3.218
- EV/EBITDA
- 19.91
- Beta
- 0.958
- Analyst target
- $43.76
Quality & returns
- Gross margin
- 39.4%
- Operating margin
- 16.1%
- Profit margin
- 11.4%
- ROE
- 49.6%
- ROA
- 13.1%
Price movement
- Last
- $31.59
- 1-month
- -12.7%
- 3-month
- -7.6%
- RSI (14)
- 40
- vs SMA200
- -9.0%
- 52-wk position
- 24.0% -25.4% vs high
Quarterly trajectory
Revenue by quarter (oldest → newest)
| Quarter | Revenue | Op income | Net income | EBITDA |
|---|---|---|---|---|
| 2026-06-30 | $3.35B | $525.6M | $403.5M | $631.6M |
| 2026-03-31 | $3.09B | $418.5M | $302.8M | $515.2M |
| 2025-12-31 | $2.98B | $445.7M | $330.9M | $538.4M |
| 2025-09-30 | $3.00B | $498.3M | $382.1M | $588.8M |
Recent news
- Neutral Bloomin' Brands (NASDAQ:BLMN) Cut to "Hold" at Wall Street Zen · 2026-10-10
- Somewhat-Bullish Starbucks says it’s focused on turnaround after report it explored Chipotle merger · 2026-10-09
- Neutral Why Starbucks buying Chipotle would likely be a disaster for Niccol · 2026-10-09
- Somewhat-Bullish Starbucks exploring potential record-setting Chipotle acquisition: Report · 2026-10-09
- Somewhat-Bearish Breakingviews - COMMENTARY: Starbucks stirs dregs into a venti merger · 2026-10-09
- Somewhat-Bearish Feel like a pumpkin-spice burrito? Analysts try to wrap their heads around a possible Starbucks-Chipotle tie-up. · 2026-10-09
Sources this view read
- fundamentals Company overview & valuation (Alpha Vantage OVERVIEW)
- filing Quarterly financial statements (Alpha Vantage INCOME/BALANCE/CASH)
- earnings Reported earnings history (Alpha Vantage EARNINGS)
- prices Adjusted daily prices (Alpha Vantage TIME_SERIES_DAILY_ADJUSTED)