Chipotle Mexican Grill (CMG) Stock Forecast, Price Target & Predictions


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CMG Stock Forecast


Chipotle Mexican Grill stock forecast is as follows: an average price target of $55.49 (represents a -5.29% downside from CMG’s last price of $58.59) 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 $55.49 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 -5.29% downside from CMG's last price of $58.59.

CMG Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 30, 2024Andrew StrelzikBMO Capital$56.00$57.06-1.87%-4.42%
Oct 30, 2024Alton StumpLoop Capital Markets$58.00$57.131.53%-1.01%
Oct 30, 2024Brian MullanPiper Sandler$60.00$56.286.62%2.41%
Oct 30, 2024David TarantinoRobert W. Baird$70.00$60.4915.72%19.47%
Oct 30, 2024Jeffrey BernsteinBernstein$60.00$60.49-0.81%2.41%
Oct 15, 2024Jake BartlettTruist Financial$71.00$59.2819.77%21.18%
Oct 15, 2024David PalmerEvercore ISI$70.00$59.2818.08%19.47%
Oct 14, 2024Danilo GargiuloBernstein$70.00$58.6519.35%19.47%
Oct 11, 2024Brian MullanPiper Sandler$59.00$58.331.15%0.70%
Aug 14, 2024David PalmerEvercore ISI$59.00$51.6814.16%0.70%
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The latest Chipotle Mexican Grill stock forecast, released on Oct 30, 2024 by Andrew Strelzik from BMO Capital, set a price target of $56.00, which represents a -1.87% decrease from the stock price at the time of the forecast ($57.06), and a -4.42% decrease from CMG last price ($58.59).

Chipotle Mexican Grill Price Target by Period


1M3M12M
# Anlaysts91256
Avg Price Target$63.78$64.25$63.52
Last Closing Price$58.59$58.59$58.59
Upside/Downside8.86%9.66%8.41%

In the current month, the average price target of Chipotle Mexican Grill stock is $63.78, according to 9 Wall Street analysts offering twelve months forecast. The average price target represents a 8.86% increase as opposed to Chipotle Mexican Grill's last price of $58.59. This month's average price target is down -0.73% compared to last quarter, and up 0.41% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 30, 2024Cowen & Co.BuyBuyHold
Oct 30, 2024BMO CapitalMarket PerformMarket PerformHold
Oct 30, 2024Loop Capital MarketsHoldHoldHold
Oct 30, 2024BarclaysEqual-WeightEqual-WeightHold
Oct 15, 2024Evercore ISIOutperformOutperformHold
Oct 14, 2024BernsteinOutperformOutperformHold
Oct 11, 2024Piper SandlerNeutralNeutralHold
Oct 07, 2024StephensEqual-WeightEqual-WeightHold
Oct 02, 2024CitigroupBuyBuyHold
Sep 30, 2024Truist FinancialUnderperformUnderperformHold
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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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$3.79B$3.45B$3.23B$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$3.69B$3.63B$3.85B$3.50B$3.28B$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$3.58B$3.52B$3.74B$3.39B$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
# Analysts1388912771619966132512121111111112121212129991313
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1388912771619966132512121111111112121212129991313
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$587.57M$578.07M$612.80M$556.77M$521.39M$513.70M$543.78M$494.48M$460.54M$455.24M$475.14M$313.00M$402.32M$399.55M$409.24M$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$596.63M$586.99M$622.25M$565.35M$529.43M$521.62M$552.17M$499.36M$463.78M$455.60M$475.14M$375.60M$408.78M$410.70M$415.55M$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$578.96M$569.61M$603.82M$548.61M$513.75M$506.18M$535.82M$486.35M$455.70M$454.88M$475.14M$250.40M$397.47M$395.65M$403.25M$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 %------------0.66%-1.33%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1388912771619966132512121111111112121212129991313
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$495.93M$516.19M$626.92M$502.93M$419.02M$431.25M$527.12M$424.42M$334.58M$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$505.87M$526.54M$639.48M$513.02M$427.42M$439.90M$537.69M$452.71M$348.52M$344.90M$438.49M$227.40M$282.73M$312.10M$345.30M$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$486.49M$506.36M$614.98M$493.36M$411.05M$423.05M$517.09M$396.13M$320.64M$342.24M$437.58M$151.60M$259.69M$270.89M$332.06M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1388912771619966132512121111111112121212129991313
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$268.10M$263.76M$279.61M$254.04M$237.90M$234.39M$248.12M$225.62M$210.14M$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$272.23M$267.83M$283.92M$257.96M$241.57M$238.01M$251.94M$227.85M$211.61M$207.88M$216.80M$211.75M$186.52M$187.39M$189.61M$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$264.17M$259.90M$275.51M$250.32M$234.42M$230.96M$244.48M$221.91M$207.93M$207.55M$216.80M$141.17M$181.36M$180.53M$183.99M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1388912771619966132512121111111112121212129991313
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$0.38$0.46$0.37$0.30$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$0.47$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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PZZAPapa John's$55.26$81.7047.85%Buy
BROSDutch Bros$33.40$40.6721.77%Buy
WENWendy's Company$19.66$22.9616.79%Buy
WINGWingstop$296.94$346.4416.67%Buy
DPZDomino's Pizza$425.83$479.5312.61%Buy
SBUXStarbucks$98.87$110.5911.85%Buy
DRIDarden Restaurants$159.65$178.3411.71%Buy
YUMYum! Brands$132.34$144.689.32%Buy
MCDMcDonald's$295.21$310.825.29%Buy
CMGChipotle Mexican Grill$58.59$55.49-5.29%Buy
SHAKShake Shack$124.10$109.19-12.01%Hold

CMG Forecast FAQ


Yes, according to 28 Wall Street analysts, Chipotle Mexican Grill (CMG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 17 'Buy' recommendations, accounting for 60.71% of CMG's total ratings.

Chipotle Mexican Grill (CMG) average price target is $55.49 with a range of $32 to $74.6, implying a -5.29% from its last price of $58.59. The data is based on 28 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for CMG stock, the company can go down by -5.29% (from the last price of $58.59 to the average price target of $55.49), up by 27.33% based on the highest stock price target, and down by -45.38% based on the lowest stock price target.

CMG's average twelve months analyst stock price target of $55.49 does not support the claim that Chipotle Mexican Grill can reach $90 in the near future.

9 Wall Street analysts forecast a $63.78 price target for Chipotle Mexican Grill (CMG) this month, up 8.86% from its last price of $58.59. Compared to the last 3 and 12 months, the average price target increased by 9.66% and increased by 8.41%, respectively.

Chipotle Mexican Grill's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $12.83B (high $13.01B, low $12.64B), average EBITDA is $2.07B (high $2.1B, low $2.04B), average net income is $1.8B (high $1.86B, low $1.75B), average SG&A $946.03M (high $959.37M, low $931.77M), and average EPS is $1.31 (high $1.35, low $1.27). CMG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $14.45B (high $14.67B, low $14.24B), average EBITDA is $2.34B (high $2.37B, low $2.3B), average net income is $2.14B (high $2.18B, low $2.1B), average SG&A $1.07B (high $1.08B, low $1.05B), and average EPS is $1.56 (high $1.59, low $1.53).

Based on Chipotle Mexican Grill's last annual report (Dec 2023), the company's revenue was $9.87B, beating the average analysts forecast of $9.83B by 0.38%. Apple's EBITDA was $1.16B, missing the average prediction of $1.5B by -22.69%. The company's net income was $1.23B, beating the average estimation of $1.07B by 15.08%. Apple's SG&A was $633.58M, missing the average forecast of $713.02M by -11.14%. Lastly, the company's EPS was $44.59, beating the average prediction of $0.831 by 5269.05%. In terms of the last quarterly report (Dec 2023), Chipotle Mexican Grill's revenue was $2.52B, beating the average analysts' forecast of $2.49B by 1.07%. The company's EBITDA was $267.31M, missing the average prediction of $402.32M by -33.56%. Chipotle Mexican Grill's net income was $282.09M, beating the average estimation of $266.82M by 5.72%. The company's SG&A was $169.25M, missing the average forecast of $183.57M by -7.80%. Lastly, the company's EPS was $10.28, beating the average prediction of $0.194 by 5195.97%