Chipotle Mexican Grill (CMG) Stock Forecast, Price Target & Predictions
CMG Stock Forecast
Chipotle Mexican Grill stock forecast is as follows: an average price target of $56.59 (represents a -3.89% downside from CMG’s last price of $58.88) and a rating consensus of 'Buy', based on 28 wall street analysts offering a 1-year stock forecast.
CMG Price Target
The average price target for Chipotle Mexican Grill (CMG) is $56.59 based on 1-year price targets from 28 Wall Street analysts in the past 3 months, with a price target range of $74.60 to $32.00. This represents a potential -3.89% downside from CMG's last price of $58.88.
CMG Analyst Ratings
According to 28 Wall Street analysts, Chipotle Mexican Grill's rating consensus is 'Buy'. The analyst rating breakdown for CMG stock is 0 'Strong Buy' (0.00%), 17 'Buy' (60.71%), 11 'Hold' (39.29%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Chipotle Mexican Grill Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 15, 2024 | Logan Reich | RBC Capital | $70.00 | $59.91 | 16.84% | 18.89% |
| Nov 11, 2024 | Jake Bartlett | Truist Financial | $72.00 | $59.27 | 21.48% | 22.28% |
| Oct 30, 2024 | Andrew Strelzik | BMO Capital | $56.00 | $57.06 | -1.87% | -4.89% |
| Oct 30, 2024 | Alton Stump | Loop Capital Markets | $58.00 | $57.13 | 1.53% | -1.49% |
| Oct 30, 2024 | Brian Mullan | Piper Sandler | $60.00 | $56.28 | 6.62% | 1.90% |
| Oct 30, 2024 | David Tarantino | Robert W. Baird | $70.00 | $60.49 | 15.72% | 18.89% |
| Oct 30, 2024 | Jeffrey Bernstein | Bernstein | $60.00 | $60.49 | -0.81% | 1.90% |
| Oct 15, 2024 | Jake Bartlett | Truist Financial | $71.00 | $59.28 | 19.77% | 20.58% |
| Oct 15, 2024 | David Palmer | Evercore ISI | $70.00 | $59.28 | 18.08% | 18.89% |
| Oct 14, 2024 | Danilo Gargiulo | Bernstein | $70.00 | $58.65 | 19.35% | 18.89% |
The latest Chipotle Mexican Grill stock forecast, released on Nov 15, 2024 by Logan Reich from RBC Capital, set a price target of $70.00, which represents a 16.84% increase from the stock price at the time of the forecast ($59.91), and a 18.89% increase from CMG last price ($58.88).
Chipotle Mexican Grill Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 7 | 11 | 58 |
| Avg Price Target | $63.71 | $65.09 | $63.78 |
| Last Closing Price | $58.88 | $58.88 | $58.88 |
| Upside/Downside | 8.20% | 10.55% | 8.32% |
In the current month, the average price target of Chipotle Mexican Grill stock is $63.71, according to 7 Wall Street analysts offering twelve months forecast. The average price target represents a 8.20% increase as opposed to Chipotle Mexican Grill's last price of $58.88. This month's average price target is down -2.12% compared to last quarter, and down -0.11% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 30, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Oct 30, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Oct 30, 2024 | Loop Capital Markets | Hold | Hold | Hold |
| Oct 30, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Oct 15, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Oct 14, 2024 | Bernstein | Outperform | Outperform | Hold |
| Oct 11, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Oct 07, 2024 | Stephens | Equal-Weight | Equal-Weight | Hold |
| Oct 02, 2024 | Citigroup | Buy | Buy | Hold |
| Sep 30, 2024 | Truist Financial | Underperform | Underperform | Hold |
Chipotle Mexican Grill's last stock rating was published by Cowen & Co. on Oct 30, 2024. The company gave CMG a "Buy" rating, the same as its previous rate.
Chipotle Mexican Grill Financial Forecast
Chipotle Mexican Grill Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $2.52B | - | $2.51B | $2.37B | $2.18B | $2.22B | $2.21B | $2.02B | $1.96B | $1.95B | $1.89B | $1.74B | $1.61B | $1.60B | $1.36B | $1.41B | $1.44B | $1.40B |
| Avg Forecast | $3.64B | $3.58B | $3.80B | $3.45B | $3.22B | $3.18B | $3.36B | $3.06B | $2.85B | $2.82B | $2.94B | $2.68B | $2.49B | $2.47B | $2.53B | $2.34B | $2.23B | $2.23B | $2.25B | $2.01B | $1.96B | $1.94B | $1.88B | $1.75B | $1.61B | $1.59B | $1.33B | $1.42B | $1.40B | $1.38B |
| High Forecast | $3.70B | $3.64B | $3.86B | $3.51B | $3.27B | $3.23B | $3.42B | $3.09B | $2.87B | $2.82B | $2.94B | $2.68B | $2.53B | $2.54B | $2.57B | $2.38B | $2.27B | $2.23B | $2.25B | $2.01B | $1.96B | $1.94B | $1.88B | $1.75B | $1.61B | $1.59B | $1.33B | $1.42B | $1.40B | $1.38B |
| Low Forecast | $3.59B | $3.53B | $3.75B | $3.40B | $3.18B | $3.13B | $3.32B | $3.01B | $2.82B | $2.81B | $2.94B | $2.68B | $2.46B | $2.45B | $2.50B | $2.31B | $2.20B | $2.23B | $2.25B | $2.01B | $1.96B | $1.94B | $1.88B | $1.75B | $1.61B | $1.59B | $1.33B | $1.42B | $1.40B | $1.38B |
| # Analysts | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 17 | 20 | 10 | 6 | 6 | 13 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 9 | 9 | 9 | 13 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | - | 0.99% | 1.01% | 0.98% | 0.99% | 0.99% | 1.01% | 1.00% | 1.01% | 1.00% | 1.00% | 1.00% | 1.01% | 1.02% | 0.99% | 1.03% | 1.02% |
Chipotle Mexican Grill's average Quarter revenue forecast for Mar 24 based on 6 analysts is $2.68B, with a low forecast of $2.68B, and a high forecast of $2.68B. CMG's average Quarter revenue forecast represents a 6.35% increase compared to the company's last Quarter revenue of $2.52B (Dec 23).
Chipotle Mexican Grill EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 17 | 20 | 10 | 6 | 6 | 13 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 9 | 9 | 9 | 13 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $267.31M | - | $543.06M | $460.91M | $381.91M | $420.39M | $416.69M | $270.51M | $233.82M | $197.39M | $364.67M | $273.83M | $226.17M | $215.19M | $100.89M | $175.20M | $202.47M | $212.42M |
| Avg Forecast | $530.48M | $521.63M | $553.13M | $502.32M | $469.21M | $462.15M | $489.71M | $445.08M | $414.64M | $410.01M | $427.93M | $313.00M | $362.35M | $359.85M | $368.58M | $284.55M | $237.34M | $361.07M | $362.80M | $258.68M | $316.72M | $313.89M | $304.37M | $247.51M | $259.69M | $257.21M | $215.69M | $164.96M | $226.77M | $223.19M |
| High Forecast | $538.82M | $529.83M | $561.82M | $510.22M | $476.59M | $469.41M | $497.41M | $449.47M | $417.55M | $410.33M | $427.93M | $375.60M | $368.17M | $369.89M | $374.38M | $341.46M | $284.81M | $361.07M | $362.80M | $310.41M | $316.72M | $313.89M | $304.37M | $297.02M | $259.69M | $257.21M | $215.69M | $197.96M | $226.77M | $223.19M |
| Low Forecast | $522.87M | $514.15M | $545.19M | $495.11M | $462.48M | $455.52M | $482.68M | $437.76M | $410.27M | $409.68M | $427.93M | $250.40M | $357.98M | $356.34M | $363.29M | $227.64M | $189.87M | $361.07M | $362.80M | $206.94M | $316.72M | $313.89M | $304.37M | $198.01M | $259.69M | $257.21M | $215.69M | $131.97M | $226.77M | $223.19M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.74% | - | 1.47% | 1.62% | 1.61% | 1.16% | 1.15% | 1.05% | 0.74% | 0.63% | 1.20% | 1.11% | 0.87% | 0.84% | 0.47% | 1.06% | 0.89% | 0.95% |
6 analysts predict CMG's average Quarter EBITDA for Mar 24 to be $313.00M, with a high of $375.60M and a low of $250.40M. This is 17.09% upper than Chipotle Mexican Grill's previous annual EBITDA (Dec 23) of $267.31M.
Chipotle Mexican Grill Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 17 | 20 | 10 | 6 | 6 | 13 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 9 | 9 | 9 | 13 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $282.09M | - | $341.79M | $291.64M | $223.73M | $257.14M | $259.94M | $158.29M | $133.47M | $204.43M | $187.97M | $127.10M | $190.96M | $80.24M | $8.18M | $76.39M | $72.42M | $98.58M |
| Avg Forecast | $495.79M | $515.24M | $625.87M | $503.64M | $419.89M | $431.58M | $527.96M | $424.99M | $333.69M | $343.57M | $438.03M | $189.50M | $266.82M | $290.12M | $338.51M | $172.27M | $135.48M | $253.94M | $249.50M | $156.61M | $145.18M | $174.96M | $180.55M | $114.88M | $103.13M | $95.76M | $9.76M | $71.93M | $76.26M | $88.75M |
| High Forecast | $505.92M | $525.77M | $638.67M | $513.94M | $428.48M | $440.41M | $538.75M | $453.32M | $347.58M | $344.90M | $438.49M | $227.40M | $282.73M | $312.10M | $345.42M | $206.73M | $162.58M | $253.94M | $249.50M | $187.93M | $145.18M | $174.96M | $180.55M | $137.86M | $103.13M | $95.76M | $9.76M | $86.31M | $76.26M | $88.75M |
| Low Forecast | $486.54M | $505.63M | $614.20M | $494.25M | $412.05M | $423.53M | $518.12M | $396.66M | $319.79M | $342.24M | $437.58M | $151.60M | $259.69M | $270.89M | $332.20M | $137.82M | $108.39M | $253.94M | $249.50M | $125.29M | $145.18M | $174.96M | $180.55M | $91.91M | $103.13M | $95.76M | $9.76M | $57.54M | $76.26M | $88.75M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | - | 1.01% | 1.69% | 1.65% | 1.01% | 1.04% | 1.01% | 0.92% | 1.17% | 1.04% | 1.11% | 1.85% | 0.84% | 0.84% | 1.06% | 0.95% | 1.11% |
Chipotle Mexican Grill's average Quarter net income forecast for Mar 24 is $189.50M, with a range of $151.60M to $227.40M. CMG's average Quarter net income forecast represents a -32.82% decrease compared to the company's last Quarter net income of $282.09M (Dec 23).
Chipotle Mexican Grill SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 17 | 20 | 10 | 6 | 6 | 13 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 9 | 9 | 9 | 13 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $169.25M | - | $156.50M | $148.34M | $135.07M | $140.90M | $140.82M | $147.40M | $159.78M | $145.93M | $146.04M | $155.10M | $124.02M | $133.15M | $102.65M | $168.41M | $172.55M | $170.34M |
| Avg Forecast | $268.75M | $264.27M | $280.22M | $254.48M | $237.71M | $234.13M | $248.09M | $225.49M | $210.06M | $207.72M | $216.80M | $176.46M | $183.57M | $182.31M | $186.73M | $160.42M | $162.18M | $164.75M | $165.54M | $145.83M | $144.51M | $143.22M | $138.88M | $140.20M | $118.49M | $117.36M | $98.42M | $158.57M | $103.47M | $101.84M |
| High Forecast | $272.98M | $268.42M | $284.63M | $258.48M | $241.45M | $237.81M | $252.00M | $227.71M | $211.53M | $207.88M | $216.80M | $211.75M | $186.52M | $187.39M | $189.67M | $192.50M | $194.62M | $164.75M | $165.54M | $175.00M | $144.51M | $143.22M | $138.88M | $168.23M | $118.49M | $117.36M | $98.42M | $190.29M | $103.47M | $101.84M |
| Low Forecast | $264.89M | $260.47M | $276.20M | $250.83M | $234.30M | $230.77M | $244.53M | $221.78M | $207.85M | $207.55M | $216.80M | $141.17M | $181.36M | $180.53M | $184.05M | $128.33M | $129.75M | $164.75M | $165.54M | $116.67M | $144.51M | $143.22M | $138.88M | $112.16M | $118.49M | $117.36M | $98.42M | $126.86M | $103.47M | $101.84M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | - | 0.84% | 0.92% | 0.83% | 0.86% | 0.85% | 1.01% | 1.11% | 1.02% | 1.05% | 1.11% | 1.05% | 1.13% | 1.04% | 1.06% | 1.67% | 1.67% |
Chipotle Mexican Grill's average Quarter SG&A projection for Mar 24 is $176.46M, based on 6 Wall Street analysts, with a range of $141.17M to $211.75M. The forecast indicates a 4.26% rise compared to CMG last annual SG&A of $169.25M (Dec 23).
Chipotle Mexican Grill EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 17 | 20 | 10 | 6 | 6 | 13 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 9 | 9 | 9 | 13 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $10.28 | - | $12.38 | $10.56 | $8.08 | $9.26 | $9.32 | $5.64 | $4.74 | $7.26 | $6.68 | $4.52 | $6.82 | $2.87 | $0.29 | $2.75 | $2.61 | $3.55 |
| Avg Forecast | $0.36 | $0.37 | $0.46 | $0.37 | $0.31 | $0.31 | $0.38 | $0.31 | $0.24 | $0.25 | $0.32 | $0.23 | $0.19 | $0.21 | $0.25 | $0.18 | $0.18 | $0.18 | $0.18 | $0.11 | $0.11 | $0.13 | $0.13 | $0.10 | $0.07 | $0.07 | $0.01 | $0.06 | $0.06 | $0.06 |
| High Forecast | $0.37 | $0.38 | $0.46 | $0.37 | $0.31 | $0.32 | $0.39 | $0.33 | $0.25 | $0.25 | $0.32 | $0.24 | $0.21 | $0.23 | $0.25 | $0.18 | $0.18 | $0.18 | $0.18 | $0.11 | $0.11 | $0.13 | $0.13 | $0.10 | $0.07 | $0.07 | $0.01 | $0.06 | $0.06 | $0.06 |
| Low Forecast | $0.35 | $0.37 | $0.45 | $0.36 | $0.30 | $0.31 | $0.38 | $0.29 | $0.23 | $0.25 | $0.32 | $0.23 | $0.19 | $0.20 | $0.24 | $0.18 | $0.17 | $0.18 | $0.18 | $0.11 | $0.11 | $0.13 | $0.13 | $0.10 | $0.07 | $0.07 | $0.01 | $0.06 | $0.06 | $0.06 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 52.96% | - | 50.27% | 58.97% | 45.35% | 50.38% | 51.61% | 50.02% | 45.10% | 57.33% | 51.11% | 45.94% | 91.36% | 41.40% | 41.03% | 48.48% | 47.28% | 55.26% |
According to 6 Wall Street analysts, Chipotle Mexican Grill's projected average Quarter EPS for Mar 24 is $0.23, with a low estimate of $0.23 and a high estimate of $0.24. This represents a -97.73% decrease compared to CMG previous annual EPS of $10.28 (Dec 23).
Chipotle Mexican Grill Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PZZA | Papa John's | $47.31 | $75.00 | 58.53% | Buy |
| WEN | Wendy's Company | $17.92 | $22.88 | 27.68% | Buy |
| SBUX | Starbucks | $98.26 | $110.76 | 12.72% | Buy |
| DPZ | Domino's Pizza | $438.97 | $484.20 | 10.30% | Buy |
| DRI | Darden Restaurants | $162.59 | $178.34 | 9.69% | Buy |
| YUM | Yum! Brands | $132.88 | $144.68 | 8.88% | Buy |
| MCD | McDonald's | $290.91 | $310.82 | 6.84% | Buy |
| WING | Wingstop | $333.21 | $348.24 | 4.51% | Buy |
| CMG | Chipotle Mexican Grill | $58.88 | $56.59 | -3.89% | Buy |
| SHAK | Shake Shack | $119.27 | $109.19 | -8.45% | Hold |
| BROS | Dutch Bros | $52.62 | $43.00 | -18.28% | Buy |