Chipotle Mexican Grill
CMG - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$40.49B
Close$
Earnings Call Q3 2026
October 28, 2026 - AI Summary
Solid topline momentum, driven by “Recipe for Growth” (but margin pressured)
- Q3 revenue +9.6% to ~$3.3B; comp restaurant sales +2.1% and transactions +0.8%.
- Digital sales $1.3B = 38.8% of total sales (up from 36.7% prior year), continuing strong digital mix.
- Restaurant-level margin 23.3% (-120 bps YoY) and Adjusted diluted EPS $0.27 (-7% YoY)—a key negative reflecting cost pressure and promotional environment.
Operations + equipment are showing measurable lift; “Throughput 2.0” coming
- HEEP (high-efficiency equipment): installed in 1,700+ restaurants with work toward ~2,000 by year-end.
- Stores with HEEP are delivering hundreds of bps comp uplift, improved guest satisfaction/taste scores, and +2+ entrees during the peak 15-minute period.
- Company is expanding operational cadence across throughput pillars (beyond just Linebacker/Expo) and reinforcing hospitality accountability.
- Taste of Food up nearly 1 point YoY, indicating execution improvement despite broader headwinds.
Q4 outlook: comps expected around +2% with a stronger 3–4% year exit; Brisket is the catalyst
- Management said Q4 is choppy so far, but October-to-date softened with broader industry, then transactions regained positive.
- Smoked Brisket launches next week; described as “extraordinary” with confidence in incremental momentum.
- Q4 comps guided ~+2%, while targeting FY exit comps ~3–4% (more optimistic exit rate than mid-quarter run-rate).
- No formal 2027 comp guidance yet, but management is “excited” that multiple growth initiatives are still early in the rollout.
Exclusive for Stockcircle Pro members
Sign up
$23.08
34.4% downside
Current Fair Value
34.4% downsideOvervalued by 34.4% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $40.49 Billion |
|---|---|
| Enterprise Value | $45.92 Billion |
| Earnings per Share | $1.15 |
| Beta | 0.96 |
| Outstanding Shares | 1,265,427,000 |
Return
| Return on Equity | 62.95% |
|---|---|
| Return on Assets | 15.62% |
| Return on Invested Capital | 24.35% |
Valuation & Multiples
| P/E Ratio | 29.8 |
|---|---|
| PEG | -328.31 |
| Price to Sales | 3.52 |
| Price to Book Ratio | 35.19 |
| Enterprise Value to Revenue | 3.59 |
| Enterprise Value to EBIT | 24.98 |
| Enterprise Value to Net Income | 33 |
| Total Debt to Enterprise | 0.12 |
| Debt to Equity | 2.57 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 4, 2026
EPS Estimate
$0.29
Consensus analyst estimateRevenue Estimate
$3.28 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 2, 2027
EPS Estimate
$0.26
Consensus analyst estimateRevenue Estimate
$3.27 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.32, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.3158▼ 108.10% |
|---|---|
| Total Calls | 3,800▼ 99.99% |
| Total Puts | 1,200▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 2.78%▼ 86.71% |
|---|---|
| Total Invested | $1.14B▼ 97.10% |
| Investors Holding | 422▼ 848.00% |
About Chipotle Mexican Grill
130,301 employees
CEO: Scott Boatwright
Chipotle Mexican Grill, Inc., along with its affiliated entities, is responsible for the ownership and daily operation of its popular fast-casual restaurants. By February 15, 2022, the brand had established a presence of roughly 3,000 ou...