Raymond James cuts target for Chipotle Mexican Grill stock to USD 37.00

Published on 10/17/2026 at 19:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 28, 2026. Chipotle Mexican Grill stock costs USD 29.88 on October 16, 2026, down 2.30 percent versus prior close.

Target action and report date

Raymond James lowered its Chipotle target from USD 42.50 to USD 37.00 on October 16, 2026.
Chipotle Mexican Grill will report third-quarter 2026 results on October 28, 2026.
Chipotle Mexican Grill stock was at USD 29.88 on October 16, 2026 at 3:59 p.m. ET, 2.30 percent below the prior close.
Chipotle had a P/E ratio of 27.41 and market capitalization of USD 37.8 billion on October 16, 2026.

Extreme Makro-Nahaufnahme einer halbierten reifen Avocado mit Chili-Peppers und schwarzen Bohnen — Chipotle Mexican Grill Makro Aufnahme frischer Avocado und Chili symbolisiert die Frische der Aktie US1696561059, Illustration mit AI erstellt.

Raymond James lowered its price target for Chipotle Mexican Grill from USD 42.50 to USD 37.00 on October 16, 2026, while keeping an Outperform rating, according to Markets Insider. The new target lies 23.90 percent above the USD 29.88 stock price. Chipotle Mexican Grill stock was trading at USD 29.88 on October 16, 2026 at 3:59 p.m. ET, down 2.30 percent versus the prior close.

October 28 results date

Chipotle's next scheduled corporate event is its third-quarter 2026 results announcement on October 28, 2026. The company's investor-relations page identifies Chipotle as a NYSE-listed company and says the results call will begin at 4:30 p.m. ET, according to Chipotle InvestorRoom.

Range leaves room below the high

At USD 29.88, the stock stood USD 1.84, or 6.56 percent, above its 52-week low of USD 28.04 on October 16, 2026. It was USD 12.86, or 30.09 percent, below the 52-week high of USD 42.74. Trading volume was 17,164,677 shares against an average of 17,523,860 shares on the same date.

Valuation and peer comparison

Chipotle had a market capitalization of USD 37.8 billion and a P/E ratio of 27.41 on October 16, 2026. The valuation picture is easier to read beside two large restaurant peers.

Comparison with peers

Chipotle Mexican Grill (NYSE, USD): minus 2.30 percent, P/E 27.41, market capitalization USD 37.8 billion

McDonald's (NYSE, USD): plus 0.19 percent, P/E 19.74, market capitalization USD 171.9 billion

Yum! Brands (NYSE, USD): minus 0.21 percent, P/E 18.91, market capitalization USD 41.1 billion

What the price picture says

The stock's position near its 52-week low contrasts with the 23.90 percent gap to the latest Raymond James target. The October 28 results date is the next fixed point for judging whether sales growth and margins are moving closer to the expectations behind that target.

Market context: Market report S&P 500.

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