Piper Sandler Upgrades Chipotle (CMG) to Overweight, Cites Q2 2025 Earnings Report

Chipotle Mexican Grill Inc. (NYSE:CMG) is one of the best upside stocks to invest in now. On August 12, Piper Sandler upgraded Chipotle to Overweight from Neutral with a price target of $50, down from $53. This decision followed the company’s Q2 2025 earnings report.

Chipotle Mexican Grill reported a total revenue of $3.1 billion in Q2, which was a 3% year-over-year increase driven by new restaurant openings. However, comparable sales declined by 4%, primarily due to a 4.9% decrease in transactions, which was partially offset by a 0.9% increase in the average check.

In Q2, the company opened 61 new restaurants, of which 47 included a Chipotlane, which brought the total number of locations to 3,839. Digital sales remain a strong point, accounting for 35.5% of total sales. The company maintains a strong balance sheet with $2.1 billion in cash and investments and no outstanding debt.

Chipotle Mexican Grill Inc. (NYSE:CMG) owns and operates Chipotle Mexican Grill restaurants. The company also provides delivery and related services through its app and website.

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Disclosure: None. This article is originally published at Insider Monkey.