11:18 AM EDT, 03/17/2025 (MT Newswires) -- Chipotle Mexican Grill ( CMG ) is offering investors 'time to take advantage' after recent share price declines amid challenging industry trends, Oppenheimer said in a Sunday note.

"At current ~$50/sh level, we become purposefully actionable and would now position for a more attractive fundamental setup into 2H25 and beyond," Oppenheimer analysts said.

"We believe reduced near-term SSS expectations, combined with a path for accelerating traffic and expanding margins is too intriguing to ignore," they said. SSS refers to same-store sales.

The analysts said they modelled softer SSS in Q1 but expect Chipotle to be "one of the best positioned for a powerful rebound in sales trends as industry headwinds subside."

Oppenheimer kept its outperform rating with a $66 price target.

Price: 49.61, Change: -0.42, Percent Change: -0.84