1007 ET - Chipotle Mexican Grill CEO Scott Boatwright and CFO Adam Rymer acknowledged the chain's past mistakes and laid out its future opportunity, JPMorgan analysts say in a research note, citing a recent in-person meeting at the company's headquarters. Chipotle's stock has taken a beating, having lost nearly a quarter of its value since the beginning of the year and more than 40% of its value over the past 52 weeks. However, the decline provides a unique opportunity. "We believe a rare valuation opportunity has emerged at Chipotle, as the stock's multiple has now fully rerated to reflect a more moderate--yet still well above average--growth profile," the analysts write, comparing the opportunity to that of Starbucks, Cava Group and Dutch Bros. JPM upgrades Chipotle to overweight from neutral, while lowering its price target to $35 from $38. (connor.hart@wsj.com)

(END) Dow Jones Newswires

June 05, 2026 10:07 ET (14:07 GMT)

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