Mizuho raises PT on Chipotle Mexican Grill

Mizuho Securities raises PT on burrito chain Chipotle Mexican Grill CMG.N to $36 from $34

New PT implies a 2.7% upside to stock's last close

Brokerage cites long‑term earnings growth and co's current valuation supporting a slightly higher fair value

Expects CMG’s check growth to stay below 1% through 2026, among the weakest in the industry, as co prioritizes traffic after lifting menu prices 36% since 2019

Check growth is an industry term for the increase in average customer spends per transaction

26 of 37 brokerages rate the stock "buy" or higher, 11 "hold"; median PT is $44 - data compiled by LSEG

CMG declined 38.6% in 2025