Chipotle stock jumps about 8% after mixed third-quarter results
The gist
Chipotle's Q3 revenue rose 9.6% to $3.29 billion, but earnings of $0.27 per share missed the $0.29 consensus.
Shares rose as comparable sales growth of 2.1% beat estimates.
How it unfolded
- Oct 23, 2026Chipotle hit a fresh 52-week low, with the stock dropping 2% as investors reacted to analyst price target cuts ahead of earnings.
- Oct 28, 2026After the market close, Chipotle reported Q3 revenue of $3.29 billion, up 9.6% year over year and in line with expectations, with adjusted earnings of $0.27 per share versus the $0.29 consensus.
- Oct 29, 2026Chipotle shares surged about 8% following the earnings report. RBC Capital lowered its price target to $40 from $45 while maintaining an 'Outperform' rating.