Chipotle Mexican Grill (CMG) Stock Forecast & Price Target

$61.52 -0.53 (-0.85%)

(As of 11/29/2024 05:27 PM ET)

Chipotle Mexican Grill - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 27 Analyst Ratings

Sell
0

Hold
9

Buy
18

Based on 27 Wall Street analysts who have issued ratings for Chipotle Mexican Grill in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 27 analysts, 9 have given a hold rating, and 18 have given a buy rating for CMG.

Consensus Price Target

$65.27
6.09% Upside

According to the 27 analysts' twelve-month price targets for Chipotle Mexican Grill, the average price target is $65.27. The highest price target for CMG is $77.76, while the lowest price target for CMG is $54.00. The average price target represents a forecasted upside of 6.09% from the current price of $61.52.

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CMG Analyst Ratings Over Time

Type	Current Forecast 12/1/23 to 11/30/24	1 Month Ago 11/1/23 to 10/31/24	3 Months Ago 9/2/23 to 9/1/24	1 Year Ago 12/1/22 to 12/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	18 Buy rating(s)	18 Buy rating(s)	18 Buy rating(s)	19 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	9 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$65.27	$64.47	$62.36	$43.36
Forecasted Upside	6.09% Upside	15.60% Upside	11.20% Upside	-2.96% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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CMG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CMG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Chipotle Mexican Grill Stock vs. The Competition

Type	Chipotle Mexican Grill	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.67	2.51	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	6.09% Upside	21.12% Upside	6.50% Upside
News Sentiment Rating	Positive News See Recent CMG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/15/2024	Royal Bank of Canada 4 of 5 stars	L. Reich Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform ➝ Outperform	$70.00 ➝ $70.00	+16.83%
11/12/2024	Stephens 4 of 5 stars	J. Salera Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Equal Weight ➝ Equal Weight	$65.00 ➝ $65.00	+9.67%
10/30/2024	Wedbush 4 of 5 stars	N. Setyan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$69.00 ➝ $69.00	+23.81%
10/30/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$71.00 ➝ $70.00	+25.11%
10/30/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$65.00 ➝ $68.00	+21.54%
10/30/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$53.00 ➝ $58.00	+3.33%
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10/30/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$59.00 ➝ $60.00	+7.05%
10/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$55.00 ➝ $60.00	+6.03%
10/30/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$66.00 ➝ $67.00	+18.40%
10/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$71.00 ➝ $72.00	+27.23%
10/30/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$55.00 ➝ $56.00	-0.43%
10/30/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$62.00 ➝ $70.00	+15.74%
10/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$59.00 ➝ $70.00	+18.08%
9/30/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$65.00 ➝ $65.00	+13.36%
8/14/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$67.00 ➝ $67.00	+29.64%
8/14/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$70.00 ➝ $70.00	+35.45%
7/25/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$68.00 ➝ $66.00	+29.62%
7/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$70.00 ➝ $62.50	+23.37%
7/25/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Cho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$74.60 ➝ $67.00	+33.12%
7/24/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$54.50 ➝ $55.00	+4.66%
6/18/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$73.36 ➝ $77.76	+14.68%
6/3/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$55.00 ➝ $60.00	-2.76%
4/25/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$65.00 ➝ $67.00	+8.14%
4/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$59.72 ➝ $62.00	+0.07%
4/25/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$68.00 ➝ $70.00	+15.72%
4/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$47.00 ➝ $54.00	-7.75%
3/26/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$56.00 ➝ $64.00	+10.16%
7/21/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$44.00 ➝ $51.40	+22.72%
4/26/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/26/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$41.00 ➝ $44.00	+23.60%
2/8/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$39.00 ➝ $41.00	+18.99%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:50 AM ET.

Should I Buy Chipotle Mexican Grill Stock? CMG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, November 24, 2024. Please send any questions or comments about these Chipotle Mexican Grill pros and cons to contact@marketbeat.com.

Chipotle Mexican Grill
Bull Case

Here are some ways that investors could benefit from investing in Chipotle Mexican Grill, Inc.:

Recent stock performance shows an increase, with shares trading at approximately $62.01, reflecting a 3.4% rise, indicating positive market sentiment.
The company reported a quarterly revenue of $2.79 billion, demonstrating a 13.0% year-over-year growth, which suggests strong operational performance and increasing customer demand.
Chipotle Mexican Grill, Inc. has a robust net margin of 13.51%, indicating effective cost management and profitability, which can lead to higher returns for investors.
Insider activity shows confidence in the company, with significant purchases and sales by insiders, suggesting they believe in the company's future prospects.
Institutional ownership is high, with 91.31% of the stock owned by hedge funds and other institutional investors, which often indicates a strong endorsement of the company's potential.

Chipotle Mexican Grill
Bear Case

Investors should be bearish about investing in Chipotle Mexican Grill, Inc. for these reasons:

The stock has a high price-to-earnings (P/E) ratio of 57.95, which may suggest that the stock is overvalued compared to its earnings, potentially leading to a price correction.
Recent insider sales, including a significant transaction where an insider sold 15,750 shares, could indicate a lack of confidence in the stock's short-term performance.
The company has a beta of 1.26, indicating higher volatility compared to the market, which could lead to greater risk for investors during market fluctuations.
Despite revenue growth, the company reported a revenue figure that fell short of consensus estimates, which may raise concerns about future performance and market expectations.
The stock's 200-day simple moving average is $81.06, suggesting that the current price is significantly below this average, which could indicate a downward trend or market correction.

CMG Forecast - Frequently Asked Questions

: According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for Chipotle Mexican Grill is $65.27, with a high forecast of $77.76 and a low forecast of $54.00.
: 27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chipotle Mexican Grill in the last year. There are currently 9 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CMG shares.
: According to analysts, Chipotle Mexican Grill's stock has a predicted upside of 6.09% based on their 12-month stock forecasts.
: Chipotle Mexican Grill has been rated by research analysts at Barclays, BMO Capital Markets, Citigroup, Evercore ISI, Loop Capital, Oppenheimer, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Stephens, TD Cowen, Truist Financial, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Chipotle Mexican Grill more than other "retail/wholesale" companies. The consensus rating score for Chipotle Mexican Grill is 2.67 while the average consensus rating score for "retail/wholesale" companies is 2.51. Learn more on how CMG compares to other companies.

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This page (NYSE:CMG) was last updated on 11/30/2024 by MarketBeat.com Staff

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Chipotle Mexican Grill (CMG) Stock Forecast & Price Target