Fintel reports that on May 5, 2026, Argus Research upgraded their outlook for Chipotle Mexican Grill (NYSE:CMG) from Hold to Buy.
Analyst Price Forecast Suggests 39.08% Upside
As of April 28, 2026, the average one-year price target for Chipotle Mexican Grill is $44.92/share. The forecasts range from a low of $36.36 to a high of $54.60. The average price target represents an increase of 39.08% from its latest reported closing price of $32.30 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Chipotle Mexican Grill is 12,481MM, an increase of 2.82%. The projected annual non-GAAP EPS is 82.68.
What is the Fund Sentiment?
There are 1,303 funds or institutions reporting positions in Chipotle Mexican Grill. This is an decrease of 748 owner(s) or 36.47% in the last quarter. Average portfolio weight of all funds dedicated to CMG is 0.14%, an increase of 42.24%. Total shares owned by institutions decreased in the last three months by 12.90% to 1,159,301K shares. 
The put/call ratio of CMG is 0.94, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 101,688K shares representing 7.93% ownership of the company. In its prior filing, the firm reported owning 87,845K shares , representing an increase of 13.61%. The firm increased its portfolio allocation in CMG by 8.81% over the last quarter.
Price T Rowe Associates holds 58,448K shares representing 4.56% ownership of the company. In its prior filing, the firm reported owning 49,210K shares , representing an increase of 15.81%. The firm decreased its portfolio allocation in CMG by 42.47% over the last quarter.
Jpmorgan Chase holds 52,328K shares representing 4.08% ownership of the company. In its prior filing, the firm reported owning 55,578K shares , representing a decrease of 6.21%. The firm decreased its portfolio allocation in CMG by 6.85% over the last quarter.
Capital International Investors holds 45,294K shares representing 3.53% ownership of the company. In its prior filing, the firm reported owning 38,498K shares , representing an increase of 15.00%. The firm increased its portfolio allocation in CMG by 7.82% over the last quarter.
Geode Capital Management holds 29,852K shares representing 2.33% ownership of the company. In its prior filing, the firm reported owning 29,871K shares , representing a decrease of 0.06%. The firm decreased its portfolio allocation in CMG by 8.70% over the last quarter.
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