Mizuho cuts target to USD 37 for Chipotle Mexican Grill stock

Published on 10/24/2026 at 20:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due on October 28, 2026. Chipotle Mexican Grill stock stood at EUR 24.50 on October 23, 2026, 0.20 percent below the Xetra close.

Mizuho target cut and earnings date

Mizuho cut Chipotle's target from USD 43.00 to USD 37.00 on October 23, 2026.
Third-quarter results are scheduled for October 28, 2026, at 4:30 p.m. ET.
Chipotle Mexican Grill stock stood at EUR 24.50 on October 23, 2026, 0.20 percent below the Xetra close of EUR 24.55.
The company had a USD 34.8 billion market capitalization and a 25.25 price-to-earnings ratio.

Isometrisches 3D-Diagramm der Restaurantwertschöpfungskette von Farm bis Lieferung — Chipotle Mexican Grill Wertschöpfungskette isometrisch von der Farm bis zur Lieferung verdeutlicht Aktie US1696561059, Illustration mit AI erstellt.

Chipotle Mexican Grill (ISIN US1696561059) faced a fresh analyst reset on October 23, 2026, when Mizuho cut its price target from USD 43.00 to USD 37.00 while keeping an outperform rating, according to MarketBeat. Chipotle Mexican Grill stock stood at EUR 24.50 on October 23, 2026 at 9:55 p.m. CEST, 0.20 percent below the Xetra close of EUR 24.55.

Results arrive October 28

The next scheduled company event is the third-quarter 2026 earnings release on October 28, 2026. Chipotle will host its conference call at 4:30 p.m. ET, as stated on the company's investor-relations page at Chipotle. The latest completed quarter produced USD 3.35 billion in revenue and USD 0.33 in earnings per share, according to MarketBeat's report on the company's July 29 results.

Stock sits near its yearly low

Chipotle's NYSE quote was USD 27.52 on October 23, 2026 at 4:00 p.m. ET, down 2.20 percent from the prior close. The same session set a 52-week low of USD 27.31, while the 52-week high was USD 41.52. The stock therefore closed USD 13.99 below its yearly high, a gap of 33.69 percent.

Valuation meets the earnings test

The company had a market capitalization of USD 34.8 billion and a price-to-earnings ratio of 25.25 as of October 23, 2026. Mizuho's USD 37.00 target stands USD 9.48 above the NYSE price of USD 27.52, equal to 34.45 percent upside from that price. The target cut places greater weight on the October report, particularly because the market is already pricing the stock near its annual low.

Comparison with peers

Chipotle Mexican Grill: minus 0.20 percent versus the Xetra close, price-to-earnings ratio 25.25, market capitalization USD 34.8 billion.

McDonald's Corporation (NYSE, USD): down 1.65 percent, price-to-earnings ratio 20.18, market capitalization USD 175.8 billion.

Yum! Brands (NYSE, USD): down 3.08 percent, price-to-earnings ratio 18.81, market capitalization USD 40.9 billion.

What investors will watch next

The October 28 release will give investors a new test of Chipotle's sales trajectory and profitability after the second quarter's USD 3.35 billion revenue result. The analyst target range also remains important: Mizuho's USD 37.00 view is above the current NYSE quotation, but below the USD 43.00 level it replaced.

The last available euro price came from Deutsche Boerse and stood at EUR 24.50 on October 23, 2026 at 9:55 p.m. CEST, 0.20 percent below the Xetra close of EUR 24.55. The further course of trading is shown by the continuously updated real-time quote of Chipotle Mexican Grill stock.