Chipotle Stock Is Just Getting Started As Sales Rebound In Q1
Chipotle Mexican Grill reported Q1 2026 revenue of $3.1 billion, a 7.4% increase, with comparable restaurant sales returning to positive territory at +0.5% and transactions growing 0.6%. The company's stock has a 24/7 Wall St. price target of $43.34, implying 31.41% upside from the current $32.98 price.
Chipotle Mexican Grill reported its Q1 2026 earnings on April 29, 2026. Revenue rose 7.4% to $3.1 billion, with comparable restaurant sales at +0.5% and transactions growing 0.6%. The company opened 49 new company-owned restaurants, with 42 including a Chipotlane. Digital sales reached 38.6% of food and beverage revenue. The 24/7 Wall St. price target is $43.34, with a buy rating and 90% confidence. The bullish thesis hinges on the 'Recipe for Growth' strategy continuing to translate into transaction gains through 2026. Chipotle repurchased $2.43 billion of stock in 2025 with $1.7 billion remaining authorized.
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