Chipotle Accelerates Share Buyback Amid Stock Slump
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BTCCSquare news:
Chipotle Mexican Grill has fast-tracked its stock repurchase program, authorizing an additional $500 million in buybacks ahead of its Q3 earnings report. The move comes as shares hover NEAR two-year lows, down 35% year-to-date despite management's bullish long-term outlook.
The burrito chain spent $1 billion on buybacks in H1 2025 at an average price of $52 per share. With the stock now trading around $39, analysts see nearly 50% upside to their average price target of $58.65.
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