Mizuho upgraded Chipotle Mexican Grill (NYSE: CMG) from a Neutral to an Outperform rating on March 20, 2026, projecting a 36.73% upside. The average price target for the company, as of February 24, 2026, is $45.61 per share, with estimates ranging from $35.35 to $55.65, up from a recent closing price of $33.36.
Chipotle’s projected annual revenue is $12.48 billion, reflecting a 4.66% increase, while the expected non-GAAP EPS stands at $82.68. Institutional ownership has seen a decrease of 30.74% in the last quarter, with total shares owned declining by 13.02% to approximately 1.2 billion shares.
Capital World Investors increased its stake by 13.61% to hold 101.69 million shares (7.81% ownership), while J.P. Morgan Chase reduced its position by 6.21% to 52.33 million shares (4.02% ownership). Notably, the put/call ratio for Chipotle is currently at 0.94, indicating a bullish sentiment among investors.
