Chipotle stock rebounds from early drop as CMG traders rethink 2026 outlook

A Chipotle Mexican Grill storefront. The burrito chain’s shares suffered a sharp sell-off in late October 2025. Chipotle’s stock has been reeling in the wake of its Q3 report. After closing at $39.76 just before earnings, CMG plummeted to the low-$30s – a collapse of nearly 20% in one session. The Oct. 30 drop was one of the worst in the company’s history, sending the stock to its lowest level in over two years. By the week’s end, shares stabilized around $31.69, down about 23% for the week and almost 47% year-to-date. This far exceeds the broader market’s decline in 2025 – the S&P 500 is up double-digits – highlighting how sharply sentiment on Chipotle has soured.