Rising 25% Year To Date, Will Q1 Results Drive Chipotle Stock Higher? (2024)

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Rising 25% Year To Date, Will Q1 Results Drive Chipotle Stock Higher? (2024)

FAQs

Rising 25% Year To Date, Will Q1 Results Drive Chipotle Stock Higher? ›

We expect CMG's stock to trade lower with revenues and earnings missing the expectations marginally in its first-quarter results. The company's stock is up 25% year-to-date. Chipotle's strong financial performance and the recent stock split announcement have led to stock gains.

How high will Chipotle stock go? ›

Average Price Target

Based on 26 Wall Street analysts offering 12 month price targets for Chipotle in the last 3 months. The average price target is $3,243.46 with a high forecast of $3,600.00 and a low forecast of $2,700.00. The average price target represents a 2.23% change from the last price of $3,172.84.

Is Chipotle a good long term investment? ›

Chipotle's Profitable Growth Expected To Continue

For 2024 and 2025, analysts project revenue growth of 14%. Net income has nearly doubled from $652.9 million or $22.9 per share in 2021 to $1.2 billion or $44.34 per share in 2023. Analysts project EPS of $55.55 for 2024 and $66.69 for 2025.

What were the results of Chipotle q1? ›

Total revenue in the first quarter was $2.7 billion, an increase of 14.1% compared to the first quarter of 2023. The increase in total revenue was driven by new restaurant openings and a 7.0% increase in comparable restaurant sales due to higher transactions of 5.4% and a 1.6% increase in average check.

What is the price target for Chipotle share? ›

Chipotle Mexican Grill (CMG) Price Targets
Average Price TargetHighest Price TargetUpside to Average Price Target
$3,191.44$3,600.001.45%

What is the forecast for CMG stock? ›

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 -3.74% from the current stock price of 3,161.62.

What is the highest Chipotle stock has ever been? ›

The latest closing stock price for Chipotle Mexican Grill as of May 22, 2024 is 3153.38.
  • The all-time high Chipotle Mexican Grill stock closing price was 3239.23 on May 10, 2024.
  • The Chipotle Mexican Grill 52-week high stock price is 3260.00, which is 3.4% above the current share price.

Is Chipotle a safe stock to invest in? ›

Key Points. Chipotle's strong financial performance has been key to its stock gains. Investors are being forced to pay an excessively high valuation multiple. Even with tremendous growth potential, shares don't look like a smart buy today.

Which stock is splitting in 2024? ›

Nvidia's 10-for-1 stock split confirms 'Big Tech is going bite-sized' to lure retail investors—and it might signal more market-beating returns, BofA says. Jensen Huang, cofounder and CEO of Nvidia, at the Dell Technologies World conference in Las Vegas, May 20, 2024.

Why is Chipotle stock so strong? ›

Chipotle's strong financial performance and the recent stock split announcement have led to stock gains. Chipotle's growth is slowing, but still, its profitability is holding up well - thanks to raising prices.

Who is Chipotle's biggest competition? ›

They include Qdoba Mexican Eats, Moe's Southwest Grill, Baja Fresh Mexican Grill, and Rubio's Coastal Grill. Chipotle also competes on a less head-to-head basis against Taco Bell, the market leader in the Mexican-style fast-food sector.

What is the Chipotle incident? ›

The underlying issue behind the Chipotle scandal was a failure in food safety management. Deficiencies were identified in food handling procedures, employee hygiene practices, and supply chain monitoring. These shortcomings allowed for product contamination and the subsequent spread of infections among customers.

What item did Chipotle remove? ›

Chipotle Is Removing The Single Taco From Its Online Menu.

Who owns most of Chipotle stock? ›

Approximately 78.85% of the company's stock is owned by Institutional Investors, 20.06% is owned by Insiders and 1.10% is owned by Public Companies and Individual Investors.

Will Chipotle pay a dividend? ›

Chipotle Mexican Grill (NYSE: CMG) declared a quarterly dividend of $0.05 per share, or $0.2 annualized. The dividend will be payable on June 14, 2024, to stockholders of record on June 6, 2024, with an ex-dividend date of June 5, 2024. The annual yield on the dividend is 0 percent.

What is the 5 year forecast for CMG? ›

Based on our forecasts, a long-term increase is expected, the "CMG" stock price prognosis for 2029-05-16 is 5610.199 USD. With a 5-year investment, the revenue is expected to be around +76.48%. Your current $100 investment may be up to $176.48 in 2029. Get It Now!

What is the stock prediction for CMG in 2030? ›

According to our Chipotle Mexican Grill stock prediction for 2030, CMG stock will be priced at $ 9,933.68 in 2030. This forecast is based on the stock's average growth over the past 10 years.

What is the price target for CMG in 2025? ›

According to analysts, CMG price target is 3264.30 USD with a max estimate of 3600.00 USD and a min estimate of 2725.00 USD.

What stock is splitting 50 to 1? ›

A massive stock split is coming, and this time it's Chipotle (NYSE: CMG) that's dividing shares into 50 pieces.

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