Chipotle Mexican Grill, Inc. (CMG)

Chipotle Mexican Grill Stock Forecast

Stock Price Forecast

The 29 analysts with 12-month price forecasts for CMG stock have an average target of 66.36, with a low estimate of 54 and a high estimate of 77.76. The average target predicts an increase of 7.26% from the current stock price of 61.87.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$54	$66.36	$67	$77.76
Change	-12.72%	+7.26%	+8.29%	+25.68%

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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	10	10	10	10	10	10
Buy	9	10	10	10	11	10
Hold	11	10	10	9	9	9
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	30	30	30	29	30	29

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Logan Reich RBC Capital	RBC Capital	Buy Maintains $70 → $75	Buy	Maintains	$70 → $75	+21.22%	Dec 17, 2024
Andy Barish Jefferies	Jefferies	Hold Maintains $56 → $62	Hold	Maintains	$56 → $62	+0.21%	Dec 16, 2024
Brian Vaccaro Raymond James	Raymond James	Buy Maintains $66 → $72	Buy	Maintains	$66 → $72	+16.37%	Dec 16, 2024
Zachary Fadem Wells Fargo	Wells Fargo	Buy Maintains $67 → $75	Buy	Maintains	$67 → $75	+21.22%	Dec 12, 2024
David Palmer Evercore ISI Group	Evercore ISI Group	Buy Maintains $70 → $72	Buy	Maintains	$70 → $72	+16.37%	Dec 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

11.43B

Increased by 15.82%

from 9.87B

Revenue Next Year

12.95B

Increased by 13.23%

from 11.43B

EPS This Year

1.13

Increased by 27.21%

from 0.89

EPS Next Year

1.33

Increased by 18.25%

from 1.13

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	5.59B	5.98B	7.55B	8.63B	9.87B	11.43B	12.95B	14.69B
Revenue Growth	14.83%	7.13%	26.11%	14.41%	14.33%	15.82%	13.23%	13.50%
EPS	0.25	0.25	0.46	0.64	0.89	1.13	1.33	1.59
EPS Growth	96.20%	1.13%	82.91%	39.91%	38.39%	27.21%	18.25%	18.85%
Forward PE	-	-	-	-	-	54.84	46.38	39.02
No. Analysts	-	-	-	-	-	39	39	25

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028	2029
High	11.9B	13.9B	16.1B
Avg	11.4B	12.9B	14.7B
Low	11.1B	12.3B	13.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028	2029
High	20.9%	21.7%	24.6%
Avg	15.8%	13.2%	13.5%
Low	12.1%	7.4%	6.9%

EPS Forecast

EPS	2024	2025	2026	2027	2028	2029
High	1.26	1.58	1.74
Avg	1.13	1.33	1.59
Low	1.07	1.22	1.42

EPS Growth

EPS Growth	2024	2025	2026	2027	2028	2029
High	42.1%	39.6%	30.5%
Avg	27.2%	18.2%	18.9%
Low	20.5%	7.7%	6.5%

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.