Chipotle price target lowered to $52 from $55 at BMO Capital

BMO Capital analyst Andrew Strelzik lowered the firm’s price target on Chipotle (CMG) to $52 from $55 and keeps an Outperform rating on the shares. The company’s Q4 earnings beat was driven by slightly stronger comps and restaurant margins, though the outlook commentary missed expectations, the analyst tells investors in a research note. BMO adds however that Chipotle noted its conservative approach to guidance, faces easier compares, and has initiatives to support accelerating comp as 2026 progresses.