Analysts have lowered Chipotle’s 2026 EPS estimates across the board, resulting in a strong sell rating for the stock.

Comparable restaurant sales fell 2.5% year-over-year in the latest reported period, while overall revenue increased 4.9% thanks to 132 newly opened locations.

Restaurant operating margin declined to 23.4% from 24.8% a year earlier, reflecting profitability pressures, and shares have fallen 6% year-to-date and over 30% in the past year.