Chipotle Mexican Grill, Inc. (CMG)
NYSE: CMG · IEX Real-Time Price · USD
3,129.52
+23.68 (0.76%)
At close: May 31, 2024, 4:05 PM
3,128.65
-0.87 (-0.03%)
After-hours: May 31, 2024, 7:58 PM EDT
Stock Price Forecast
The 29 analysts with 12-month price forecasts for CMG stock have an average target of 3,043, with a low estimate of 2,070 and a high estimate of 3,600. The average target predicts a decrease of -2.75% from the current stock price of 3,129.52.
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $2,070 | $3,043 | $3,200 | $3,600 |
| Change | -33.86% | -2.75% | +2.25% | +15.03% |
Analyst Ratings
The average analyst rating for CMG stock from 29 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 8 | 8 | 8 | 10 | 10 |
| Buy | 9 | 9 | 9 | 10 | 9 | 9 |
| Hold | 9 | 9 | 9 | 9 | 10 | 10 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 26 | 26 | 27 | 29 | 29 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Oppenheimer | Oppenheimer | Buy Maintains $3,300 → $3,485 | Buy | Maintains | $3,300 → $3,485 | +11.36% | May 22, 2024 |
| Wedbush | Wedbush | Hold Reiterates $3,200 | Hold | Reiterates | $3,200 | +2.25% | May 20, 2024 |
| TD Cowen | TD Cowen | Strong Buy Reiterates $3,500 | Strong Buy | Reiterates | $3,500 | +11.84% | Apr 26, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $3,358 → $3,369 | Strong Buy | Maintains | $3,358 → $3,369 | +7.65% | Apr 25, 2024 |
| Barclays | Barclays | Hold Maintains $2,400 → $2,865 | Hold | Maintains | $2,400 → $2,865 | -8.45% | Apr 25, 2024 |
Financial Forecast
Revenue This Year
11.47B
from 9.87B
Increased by 16.22%
from 9.87B
Revenue Next Year
13.04B
from 11.47B
Increased by 13.63%
from 11.47B
EPS This Year
56.22
from 44.34
Increased by 26.80%
from 44.34
EPS Next Year
67.55
from 56.22
Increased by 20.15%
from 56.22
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.59B | 5.98B | 7.55B | 8.63B | 9.87B | 11.47B | 13.04B | 14.90B | 17.05B | 19.24B |
| Revenue Growth | 14.83% | 7.13% | 26.11% | 14.41% | 14.33% | 16.22% | 13.63% | 14.32% | 14.41% | 12.83% |
| EPS | 12.38 | 12.52 | 22.90 | 32.04 | 44.34 | 56.22 | 67.55 | 81.31 | 97.86 | 114.92 |
| EPS Growth | 96.20% | 1.13% | 82.91% | 39.91% | 38.39% | 26.80% | 20.15% | 20.36% | 20.36% | 17.43% |
| No. Analysts | - | - | - | - | - | 35 | 35 | 15 | 4 | 4 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.1B | 14.2B | 16.3B | 18.6B | 21.0B |
| Avg | 11.5B | 13.0B | 14.9B | 17.1B | 19.2B |
| Low | 11.0B | 12.3B | 14.1B | 16.1B | 18.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.5% | 23.8% | 24.8% | 24.5% | 23.2% |
| Avg | 16.2% | 13.6% | 14.3% | 14.4% | 12.8% |
| Low | 11.7% | 6.9% | 8.5% | 8.3% | 7.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 60.98 | 75.64 | 88.22 | 104.04 | 123.80 |
| Avg | 56.22 | 67.55 | 81.31 | 97.86 | 114.92 |
| Low | 52.72 | 61.00 | 73.61 | 93.59 | 109.47 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 37.5% | 34.5% | 30.6% | 28.0% | 26.5% |
| Avg | 26.8% | 20.2% | 20.4% | 20.4% | 17.4% |
| Low | 18.9% | 8.5% | 9.0% | 15.1% | 11.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.
