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

OverviewRevenueOwnershipFinancialsChartTranscripts

CMG Stock Forecast

Chipotle Mexican Grill stock forecast is as follows: an average price target of $64.00 (represents a 9.83% upside from CMG’s last price of $58.27) 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 $64.00 based on 1-year price targets from 28 Wall Street analysts in the past 3 months, with a price target range of $72.00 to $56.00. This represents a potential 9.83% upside from CMG's last price of $58.27.

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
Dec 05, 2024David PalmerEvercore ISI$72.00$64.1112.32%23.56%
Nov 15, 2024Logan ReichRBC Capital$70.00$59.9116.84%20.13%
Nov 11, 2024Jake BartlettTruist Financial$72.00$59.2721.48%23.56%
Oct 30, 2024Andrew StrelzikBMO Capital$56.00$57.06-1.87%-3.90%
Oct 30, 2024Alton StumpLoop Capital Markets$58.00$57.131.53%-0.46%
Oct 30, 2024Brian MullanPiper Sandler$60.00$56.286.62%2.97%
Oct 30, 2024David TarantinoRobert W. Baird$70.00$60.4915.72%20.13%
Oct 30, 2024Jeffrey BernsteinBernstein$60.00$60.49-0.81%2.97%
Oct 15, 2024Jake BartlettTruist Financial$71.00$59.2819.77%21.85%
Oct 15, 2024David PalmerEvercore ISI$70.00$59.2818.08%20.13%
Oct 14, 2024Danilo GargiuloBernstein$70.00$58.6519.35%20.13%
Oct 11, 2024Brian MullanPiper Sandler$59.00$58.331.15%1.25%
Aug 14, 2024David PalmerEvercore ISI$59.00$51.6814.16%1.25%
Aug 14, 2024Nick SetyanWedbush$58.00$51.6512.29%-0.46%
Aug 13, 2024Nick SetyanWedbush$80.00$51.5055.34%37.29%
Jul 26, 2024John StaszakArgus Research$60.00$49.7320.66%2.97%
Jul 25, 2024Jake BartlettTruist Financial$69.00$50.8235.77%18.41%
Jul 25, 2024Nick SetyanWedbush$54.00$50.606.72%-7.33%
Jul 25, 2024Siye DestaCFRA$59.00$50.8416.06%1.25%
Jul 25, 2024Andrew StrelzikBMO Capital$55.00$51.786.22%-5.61%
Jul 25, 2024Brian BittnerOppenheimer$65.00$51.7825.53%11.55%
Jul 25, 2024Alton StumpLoop Capital Markets$53.00$50.844.26%-9.04%
Jul 25, 2024Brian MullanPiper Sandler$56.00$50.8410.16%-3.90%
Jul 25, 2024Eric GonzalezKeyBanc$66.00$51.7827.46%13.27%
Jul 17, 2024Jeffrey BernsteinBarclays$58.00$57.740.45%-0.46%
Jul 16, 2024Brian MullanPiper Sandler$61.00$56.617.75%4.69%
Jul 09, 2024Chris O'CullStifel Nicolaus$70.00$59.5117.63%20.13%
Jun 27, 2024David TarantinoRobert W. Baird$74.00$65.8612.36%27.00%
Jun 27, 2024Danilo GargiuloBernstein$80.00$65.8621.47%37.29%
Jun 27, 2024Peter SalehBTIG$67.00$64.084.56%14.98%
Jun 18, 2024John StaszakArgus Research$77.76$68.5513.43%33.45%
Jun 13, 2024Christine ChoGoldman Sachs$74.60$63.4217.64%28.02%
May 29, 2024Jake BartlettTruist Financial$70.40$63.0811.61%20.82%
May 22, 2024Brian BittnerOppenheimer$69.70$63.469.84%19.62%
Apr 25, 2024Aisling GrueningerPiper Sandler$61.40$59.932.46%5.37%
Apr 25, 2024Nick SetyanWedbush$64.00$58.549.34%9.83%
Apr 25, 2024Brian BittnerOppenheimer$66.00$58.5412.75%13.27%
Apr 25, 2024Eric GonzalezKeyBanc$68.00$58.5416.17%16.70%
Apr 25, 2024Jim SaleraStephens$61.00$58.544.21%4.69%
Apr 25, 2024David TarantinoRobert W. Baird$70.00$58.5419.59%20.13%
Apr 25, 2024Peter SalehBTIG$67.00$58.5414.46%14.98%
Apr 25, 2024Jon TowerWells Fargo$66.00$58.5412.75%13.27%
Apr 25, 2024David PalmerEvercore ISI$72.00$58.5423.00%23.56%
Apr 25, 2024Andrew StrelzikBMO Capital$57.00$58.54-2.62%-2.18%
Apr 23, 2024Jon TowerWells Fargo$65.70$57.6913.89%12.75%
Apr 11, 2024Dennis GeigerUBS$68.00$59.6014.10%16.70%
Apr 11, 2024Chris O'CullStifel Nicolaus$65.40$59.3110.26%12.24%
Apr 09, 2024Aisling GrueningerPiper Sandler$48.84$58.63-16.70%-16.18%
Apr 04, 2024John StaszakArgus Research$67.32$57.9116.25%15.53%
Apr 03, 2024Eric GonzalezKeyBanc$55.00$57.91-5.03%-5.61%
Mar 28, 2024BTIG$65.00$58.4711.17%11.55%
Mar 26, 2024Danilo GargiuloBernstein$64.00$58.0710.21%9.83%
Mar 22, 2024Nick SetyanWedbush$57.00$57.64-1.11%-2.18%
Mar 21, 2024David TarantinoRobert W. Baird$63.00$58.108.43%8.12%
Mar 20, 2024Lauren SilbermanDeutsche Bank$66.00$57.9013.99%13.27%
Mar 12, 2024Greg BadishkanianWolfe Research$57.00$54.404.79%-2.18%
Feb 07, 2024Nick SetyanWedbush$48.00$54.20-11.45%-17.62%
Feb 07, 2024Andrew StrelzikLoop Capital Markets$48.00$54.20-11.45%-17.62%
Jan 02, 2024Joshua LongStephens$56.00$44.8524.86%-3.90%
Oct 27, 2023Nick SetyanWedbush$44.00$38.7613.52%-24.49%
Oct 27, 2023Brian BittnerOppenheimer$44.50$38.7614.81%-23.63%
Oct 27, 2023Joshua LongStephens$46.60$38.7620.23%-20.03%
Jul 27, 2023Joshua LongStephens$48.00$38.2025.67%-17.62%
Jul 27, 2023Brian BittnerOppenheimer$46.00$38.2020.43%-21.06%
Jul 17, 2023Brian BittnerOppenheimer$47.00$42.2311.31%-19.34%
Jun 23, 2023Eric GonzalezLoop Capital Markets$46.00$0.825527.60%-21.06%
Apr 26, 2023Eric GonzalezLoop Capital Markets$41.00$40.830.43%-29.64%
Apr 26, 2023Andrew CharlesBarclays$37.70$35.605.90%-35.30%
Feb 08, 2023Joshua LongStephens$35.20$32.647.83%-39.59%
Feb 08, 2023Truist Financial$36.00$33.328.06%-38.22%
Feb 08, 2023BMO Capital$36.00$34.464.48%-38.22%
Feb 08, 2023Wells Fargo$38.00$34.4610.28%-34.79%
Feb 08, 2023Raymond James$38.00$34.4610.28%-34.79%
Feb 08, 2023Barclays$31.00$34.46-10.03%-46.80%
Feb 08, 2023Wedbush$41.60$34.4620.73%-28.61%
Feb 08, 2023Cowen & Co.$41.00$34.4618.99%-29.64%
Feb 03, 2023Oppenheimer$37.50$33.7910.97%-35.64%
Jan 05, 2023Barclays$29.00$27.525.37%-50.23%
Dec 12, 2022John IvankoeJ.P. Morgan$32.00$31.162.70%-45.08%
Oct 26, 2022Jeffrey BernsteinBernstein$30.20$30.91-2.29%-48.17%
Oct 26, 2022Christopher CarrilRBC Capital$37.00$30.9119.71%-36.50%
Oct 17, 2022Brian BittnerOppenheimer$36.00$30.9716.23%-38.22%
Oct 11, 2022John GlassMorgan Stanley$36.94$29.8123.92%-36.61%
Jul 25, 2022Brian BittnerOppenheimer$34.50$26.9528.03%-40.79%
Jul 13, 2022Brian MullanDeutsche Bank$30.10$25.2319.31%-48.34%
Jun 02, 2022Nick SetyanWedbush$36.00$27.6730.10%-38.22%
Apr 28, 2022Deutsche Bank$34.48$29.6916.12%-40.83%
Apr 27, 2022John GlassMorgan Stanley$38.08$29.5129.03%-34.65%
Apr 27, 2022Barclays$31.70$28.7610.21%-45.60%
Apr 27, 2022Citigroup$38.52$28.7633.92%-33.89%
Apr 27, 2022Cowen & Co.$36.60$28.7627.24%-37.19%
Apr 26, 2022Chris O`CullStifel Nicolaus$37.00$28.7628.63%-36.50%
Apr 25, 2022Nick SetyanWedbush$40.00$29.6235.06%-31.35%
Apr 20, 2022Eric GonzalezKeyBanc$38.00$32.6016.57%-34.79%
Apr 17, 2022Jon TowerCitigroup$38.00$32.0618.52%-34.79%
Feb 09, 2022John GlassMorgan Stanley$38.06$32.1718.29%-34.68%
Feb 09, 2022John IvankoeJ.P. Morgan$36.00$32.1711.89%-38.22%
Feb 09, 2022James RutherfordStephens$43.00$32.1733.64%-26.21%
Feb 08, 2022Christopher CarrilRBC Capital$40.00$29.2136.95%-31.35%
Feb 08, 2022Chris O`CullStifel Nicolaus$37.00$29.2126.68%-36.50%
Feb 08, 2022Brian MullanDeutsche Bank$33.92$29.2116.14%-41.79%
Jan 26, 2022Jeff FarmerGordon Haskett Capital Corporation$35.00$27.1728.82%-39.93%
Jan 26, 2022Brian VaccaroRaymond James$37.00$27.1736.18%-36.50%
Jan 24, 2022Dennis GeigerUBS$42.00$28.3348.25%-27.92%
Jan 07, 2022Brian BittnerOppenheimer$38.50$31.9620.48%-33.93%
Dec 17, 2021Andy BarishJefferies$36.40$33.688.09%-37.53%
Nov 02, 2021Jim SandersonNorthcoast Research$40.76$35.9913.24%-30.05%
Oct 22, 2021Lauren SilbermanCredit Suisse$44.00$35.8422.75%-24.49%
Oct 22, 2021Jared GarberGoldman Sachs$43.80$35.8422.20%-24.83%
Oct 22, 2021Jon TowerWells Fargo$41.38$35.8415.44%-28.99%
Oct 22, 2021Andrew StrelzikBMO Capital$35.00$35.84-2.36%-39.93%
Oct 05, 2021Alton StumpLoop Capital Markets$36.00$36.60-1.65%-38.22%
Sep 24, 2021John StaszakArgus Research$44.00$38.7413.56%-24.49%
Apr 26, 2021Greg BadishkanianWolfe Research$35.24$29.4219.80%-39.52%

The latest Chipotle Mexican Grill stock forecast, released on Dec 05, 2024 by David Palmer from Evercore ISI, set a price target of $72.00, which represents a 12.32% increase from the stock price at the time of the forecast ($64.11), and a 23.56% increase from CMG last price ($58.27).

Chipotle Mexican Grill Price Target by Period

1M3M12M
# Anlaysts-758
Avg Price Target-$65.43$64.05
Last Closing Price$58.27$58.27$58.27
Upside/Downside-100.00%12.29%9.92%

In the current month, the average price target of Chipotle Mexican Grill stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Chipotle Mexican Grill's last price of $58.27. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 05, 2024Evercore ISIOutperformOutperformHold
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
Sep 12, 2024WedbushMarket PerformMarket PerformHold
Aug 14, 2024Evercore ISIOutperformOutperformHold
Aug 14, 2024William BlairOutperformOutperformHold
Aug 14, 2024WedbushNeutralOutperformUpgrade
Aug 13, 2024Raymond JamesOutperformOutperformHold
Aug 13, 2024StephensEqual-WeightEqual-WeightHold
Jul 25, 2024WedbushNeutralNeutralHold
Jul 25, 2024Cowen & Co.BuyBuyHold
Jul 25, 2024Goldman SachsBuyBuyHold
Jul 25, 2024CFRAStrong BuyHoldDowngrade
Jul 25, 2024BMO CapitalMarket PerformMarket PerformHold
Jul 25, 2024OppenheimerOutperformOutperformHold
Jul 25, 2024Loop Capital MarketsHoldHoldHold
Jul 24, 2024GuggenheimNeutralNeutralHold
Jul 17, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 16, 2024Piper SandlerNeutralNeutralHold
Jul 16, 2024Evercore ISIOutperformOutperformHold
Jul 12, 2024StephensEqual-WeightEqual-WeightHold
Jul 12, 2024CitigroupBuyBuyHold
Jul 09, 2024KeyBancOverweightOverweightHold
Jun 28, 2024Raymond JamesOutperformOutperformHold
Jun 27, 2024BernsteinOutperformOutperformHold
Jun 27, 2024BTIGBuyBuyHold
Jun 26, 2024Cowen & Co.BuyBuyHold
May 22, 2024OppenheimerOutperformOutperformHold
May 20, 2024WedbushNeutralNeutralHold
Apr 25, 2024Deutsche BankBuyBuyHold
Apr 25, 2024Raymond JamesOutperformOutperformHold
Apr 25, 2024WedbushNeutralNeutralHold
Apr 25, 2024OppenheimerOutperformOutperformHold
Apr 25, 2024KeyBancOverweightOverweightHold
Apr 25, 2024StephensEqual-WeightEqual-WeightHold
Apr 25, 2024BTIGBuyBuyHold
Apr 25, 2024BMO CapitalMarket PerformMarket PerformHold
Apr 25, 2024BarclaysEqual-WeightEqual-WeightHold
Apr 23, 2024Wells FargoOverweightOverweightHold
Apr 18, 2024Evercore ISIOutperformOutperformHold
Apr 16, 2024JefferiesHoldHoldHold
Apr 12, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Apr 11, 2024Cowen & Co.BuyBuyHold
Apr 11, 2024UBSBuyBuyHold
Apr 09, 2024Piper SandlerNeutralNeutralHold
Apr 07, 2024CitigroupBuyBuyHold
Apr 03, 2024KeyBancOverweightOverweightHold
Mar 28, 2024BTIGBuyBuyHold
Mar 26, 2024BernsteinOutperformOutperformHold
Mar 22, 2024WedbushNeutralNeutralHold
Feb 20, 2024WedbushUnderperformUnderperformHold
Feb 20, 2024Wells FargoMarket PerformMarket PerformHold
Feb 07, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Feb 06, 2024CitigroupBuyBuyHold
Feb 06, 2024Raymond JamesOutperformOutperformHold
Feb 06, 2024StephensOverweightOverweightHold
Feb 06, 2024OppenheimerOutperformOutperformHold
Feb 06, 2024Piper SandlerNeutralNeutralHold
Jan 22, 2024WedbushBuyBuyHold
Jan 22, 2024RBC CapitalPositivePositiveHold
Jan 22, 2024StephensUnderperformUnderperformHold
Oct 27, 2023WedbushOutperformOutperformHold
Oct 27, 2023StephensOverweightOverweightHold
Oct 27, 2023Goldman SachsBuyBuyHold
Oct 27, 2023KeyBancOverweightOverweightHold
Oct 18, 2023Raymond JamesOutperformOutperformHold
Aug 10, 2023CFRABuyStrong BuyUpgrade
Jul 27, 2023StephensOverweightOverweightHold
Jul 27, 2023KeyBancOverweightOverweightHold
Jul 27, 2023CFRABuyUpgrade
Jul 27, 2023Cowen & Co.OutperformOutperformHold
Jul 27, 2023BernsteinEqual-WeightEqual-WeightHold
Jul 27, 2023WedbushOutperformOutperformHold
Jul 17, 2023OppenheimerOutperformOutperformHold
Jun 23, 2023KeyBancOverweightOverweightHold
Jun 23, 2023Wells FargoOverweightOverweightHold
Jun 21, 2023WedbushOutperformOutperformHold
May 19, 2023Cowen & Co.OutperformOutperformHold
Apr 26, 2023KeyBancOverweightOverweightHold
Apr 26, 2023William BlairOutperformOutperformHold
Apr 26, 2023Cowen & Co.OutperformOutperformHold
Apr 26, 2023Raymond JamesOutperformOutperformHold
Apr 26, 2023Credit SuisseOutperformOutperformHold
Apr 26, 2023StephensOverweightOverweightHold
Apr 26, 2023WedbushBuyBuyHold
Apr 26, 2023BernsteinEqual-WeightEqual-WeightHold
Apr 06, 2023CitigroupOverweightOverweightHold
Feb 08, 2023Raymond JamesOutperformOutperformHold
Feb 08, 2023Credit SuisseOutperformOutperformHold
Feb 08, 2023BarclaysEqual-WeightEqual-WeightHold
Feb 08, 2023CitigroupBuyBuyHold
Feb 08, 2023WedbushOutperformOutperformHold
Feb 08, 2023Cowen & Co.OutperformOutperformHold
Jan 05, 2023BarclaysEqual-WeightEqual-WeightHold
Dec 12, 2022J.P. MorganNeutralNeutralHold
Oct 26, 2022BernsteinEqual-WeightEqual-WeightHold
Oct 26, 2022RBC CapitalOutperformOutperformHold
Oct 26, 2022StephensOverweightOverweightHold
Oct 17, 2022OppenheimerOutperformOutperformHold
Oct 05, 2022Raymond JamesOutperformOutperformHold
Jul 27, 2022BarclaysEqual-WeightEqual-WeightHold
Jul 27, 2022BMO CapitalMarket PerformMarket PerformHold
Jul 27, 2022Morgan StanleyOverweightOverweightHold
Jul 27, 2022CitigroupBuyBuyHold
Jul 27, 2022Cowen & Co.OutperformOutperformHold
Jul 14, 2022OppenheimerOutperformOutperformHold
Jul 13, 2022Deutsche BankHoldHoldHold
Jun 27, 2022OTR GlobalPositiveUpgrade
Jun 13, 2022BernsteinEqual-WeightEqual-WeightHold
Jun 02, 2022WedbushOutperformOutperformHold
May 20, 2022BMO CapitalMarket PerformMarket PerformHold
Apr 28, 2022Deutsche BankHoldHoldHold
Apr 27, 2022BernsteinEqual-WeightEqual-WeightHold
Apr 27, 2022Cowen & Co.OutperformOutperformHold
Apr 27, 2022Morgan StanleyOverweightOverweightHold
Apr 27, 2022BarclaysEqual-WeightEqual-WeightHold
Apr 27, 2022CitigroupBuyBuyHold
Apr 27, 2022Stifel NicolausBuyBuyHold
Apr 25, 2022WedbushBuyBuyHold
Aug 21, 2021Raymond JamesOutperformDowngrade
May 29, 2021StephensEqual-WeightUpgrade
May 01, 2021RBC CapitalOutperformOutperformHold
Nov 16, 2020Piper SandlerOverweightOverweightHold

Chipotle Mexican Grill's last stock rating was published by Evercore ISI on Dec 05, 2024. The company gave CMG a "Outperform" 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$3.44B$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$3.73B$3.67B$3.89B$3.53B$3.30B$3.26B$3.44B$3.13B$2.88B$2.82B$2.94B$2.68B$2.53B$2.54B$2.59B$2.40B$2.28B$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$3.60B$3.54B$3.75B$3.40B$3.18B$3.14B$3.32B$3.03B$2.83B$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
# Analysts8812812771719966132512121111111112121212129991313
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
# Analysts8812812771719966132512121111111112121212129991313
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$530.49M$521.23M$552.21M$501.31M$469.50M$462.59M$489.34M$445.02M$414.77M$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$543.49M$534.00M$565.74M$513.60M$481.00M$473.92M$501.33M$455.23M$419.13M$410.33M$427.93M$375.60M$368.17M$369.89M$377.61M$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$523.70M$514.56M$545.14M$494.89M$463.49M$456.66M$483.07M$440.64M$411.86M$409.68M$427.93M$250.40M$357.98M$356.34M$363.86M$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 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
# Analysts8812812771719966132512121111111112121212129991313
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$496.34M$514.51M$625.71M$496.16M$421.66M$435.06M$528.04M$423.36M$337.07M$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$512.15M$530.90M$645.64M$511.97M$435.09M$448.92M$544.87M$437.03M$365.15M$344.90M$438.49M$227.40M$282.73M$312.10M$349.29M$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$488.08M$505.95M$615.30M$487.90M$414.65M$427.82M$519.26M$396.05M$331.46M$342.24M$437.58M$151.60M$259.69M$270.89M$332.87M$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
# Analysts8812812771719966132512121111111112121212129991313
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$268.76M$264.06M$279.76M$253.97M$237.86M$234.35M$247.91M$225.45M$210.13M$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$275.34M$270.53M$286.61M$260.19M$243.68M$240.10M$253.98M$230.63M$212.34M$207.88M$216.80M$211.75M$186.52M$187.39M$191.30M$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$265.32M$260.68M$276.17M$250.72M$234.81M$231.35M$244.73M$223.24M$208.65M$207.55M$216.80M$141.17M$181.36M$180.53M$184.34M$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
# Analysts8812812771719966132512121111111112121212129991313
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$0.36$0.31$0.32$0.38$0.31$0.25$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$0.39$0.47$0.37$0.32$0.33$0.40$0.32$0.27$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$0.36$0.37$0.45$0.35$0.30$0.31$0.38$0.29$0.24$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$38.87$58.5050.50%Buy
WINGWingstop$303.70$421.8938.92%Buy
WENWendy's$14.82$18.3523.82%Buy
YUMYum! Brands$129.17$152.5018.06%Hold
DPZDomino's Pizza$427.78$481.8712.64%Buy
MCDMcDonald's$290.11$319.5310.14%Buy
CMGChipotle Mexican Grill$58.27$64.009.83%Buy
SHAKShake Shack$120.02$124.113.41%Hold
DRIDarden Restaurants$193.80$191.61-1.13%Buy
SBUXStarbucks$108.58$103.59-4.60%Buy
BROSDutch Bros$61.86$47.00-24.02%Buy

CMG Forecast FAQ

Is Chipotle Mexican Grill a good buy?

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.

What is CMG's price target?

Chipotle Mexican Grill (CMG) average price target is $64 with a range of $56 to $72, implying a 9.83% from its last price of $58.27. The data is based on 28 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Chipotle Mexican Grill stock go up soon?

According to Wall Street analysts' prediction for CMG stock, the company can go up by 9.83% (from the last price of $58.27 to the average price target of $64), up by 23.56% based on the highest stock price target, and down by -3.90% based on the lowest stock price target.

Can Chipotle Mexican Grill stock reach $90?

CMG's average twelve months analyst stock price target of $64 does not support the claim that Chipotle Mexican Grill can reach $90 in the near future.

What are Chipotle Mexican Grill's analysts' financial forecasts?

Chipotle Mexican Grill's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $12.82B (high $13.13B, low $12.67B), average EBITDA is $1.87B (high $1.91B, low $1.84B), average net income is $1.81B (high $1.87B, low $1.76B), average SG&A $945.57M (high $968.39M, low $934.13M), and average EPS is $1.32 (high $1.36, low $1.28). CMG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $14.46B (high $14.82B, low $14.28B), average EBITDA is $2.11B (high $2.16B, low $2.08B), average net income is $2.13B (high $2.2B, low $2.1B), average SG&A $1.07B (high $1.09B, low $1.05B), and average EPS is $1.55 (high $1.6, low $1.53).

Did the CMG's actual financial results beat the analysts' financial forecasts?

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 $1.38B by -15.92%. 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 $362.35M by -26.23%. 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%