Summary:
- Chipotle Mexican Grill (CMG, Financial) beats earnings expectations but misses revenue forecasts with new restaurant openings driving growth.
- Analysts show a favorable outlook with an average price target suggesting a significant upside potential.
- CMG holds an "Outperform" average brokerage recommendation, reflecting strong investor confidence.
Chipotle Mexican Grill Inc. (NYSE: CMG) recently announced its first-quarter financial results, showcasing a Non-GAAP earnings per share (EPS) of $0.29, which exceeded analyst expectations by $0.01. Despite this earnings beat, the company's revenue was reported at $2.9 billion, slightly missing projections by $40 million. The company's expansion through new restaurant openings contributed to this revenue growth, although comparable sales experienced a 0.4% decline due to reduced customer transactions.
Wall Street Analysts Forecast
The consensus among 31 analysts reveals that Chipotle Mexican Grill Inc.'s (CMG, Financial) average one-year price target stands at $62.39, with predictions ranging from a high of $73.00 to a low of $46.12. These projections indicate a potential upside of 27.96% from the current trading price of $48.76. For more comprehensive estimates, visit the Chipotle Mexican Grill Inc. (CMG) Forecast page.
From a consensus recommendation standpoint, Chipotle Mexican Grill Inc. (CMG, Financial) attains an average rating of 1.8 from 36 brokerage firms, categorizing the stock as "Outperform." This rating, on a scale where 1 represents a Strong Buy and 5 indicates Sell, demonstrates a positive outlook from the investment community.
According to GuruFocus metrics, the projected GF Value for Chipotle Mexican Grill Inc. (CMG, Financial) in the coming year is pegged at $60.64. This estimation suggests a potential upside of 24.36% from its current stock price of $48.76. The GF Value reflects GuruFocus's calculated fair value based on historical trading multiples, previous business growth, and anticipated future performance. To explore detailed data, visit the Chipotle Mexican Grill Inc. (CMG) Summary page.
