As Chipotle (CMG, Financial) gears up to announce its latest earnings, options trading for the company has seen a notable increase. Current activity is around 1.5 times its usual volume, with a slight preference for put options over calls in a 10:9 ratio.
The market is bracing for a significant price movement post-earnings, as indicated by implied volatility projections. Expectations suggest a potential swing of approximately 7.1%, translating to a $3.46 change in the stock's price. Historically, Chipotle's median price shift over the last eight quarters has been around 6.8% after earnings announcements.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Chipotle Mexican Grill Inc (CMG, Financial) is $62.39 with a high estimate of $73.00 and a low estimate of $46.12. The average target implies an upside of 27.65% from the current price of $48.88. More detailed estimate data can be found on the Chipotle Mexican Grill Inc (CMG) Forecast page.
Based on the consensus recommendation from 36 brokerage firms, Chipotle Mexican Grill Inc's (CMG, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Chipotle Mexican Grill Inc (CMG, Financial) in one year is $60.64, suggesting a upside of 24.07% from the current price of $48.875. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Chipotle Mexican Grill Inc (CMG) Summary page.
