11:13 AM EDT, 08/14/2025 (MT Newswires) -- Chipotle Mexican Grill's ( CMG ) valuation multiple sitting at lows seen during previous difficult periods such as the COVID-19 pandemic represents an "attractive buying opportunity," Oppenheimer said in a note Thursday.

The firm said that after refreshing its modeling analysis, it increased its 2026 earnings-per-share outlook for the company to $1.43 from $1.41 to reflect "slightly better" same store sales and margin assumptions.

Oppenheimer said it respects investors' concerns following two quarterly SSS misses in a row.

But the firm said that its updated pricing study that reveals that the company's price-to-value has improved compared with peers since its May 2024 study will help enable confidence in an SSS recovery.

Oppenheimer maintained the company's outperform rating and $63 price target.

Price: 42.62, Change: -0.86, Percent Change: -1.99