Chipotle initiated with a Buy at DA Davidson

As previously reported, DA Davidson analyst Matt Curtis initiated coverage of Chipotle (CMG) with a Buy rating and $51 price target The firm sees a significant rebound for Chipotle in FY26 due to multiple sales driving initiatives, with trends “potentially returning to the company’s historical mid-single digit range by year-end.” Due to this, DA Davidson’s sales and EPS estimates are ahead of the consensus over the next two years, with “an improved top-line trajectory likely to drive multiple expansion.”