Key Takeaways:
- Chipotle's (CMG, Financial) same-store sales dip for the first time since 2020.
- Analysts suggest a potential 24.98% upside for the stock.
- Chipotle maintains an "Outperform" rating across 36 brokerage firms.
Recently, Chipotle (CMG) reported a decline in same-store sales, marking its first decrease since 2020. The company saw a 2.3% reduction in transactions. Despite facing tariff concerns and inflationary pressures, Chipotle has decided to hold off on any price increases for now. Consequently, shares experienced a 2% drop in after-hours trading.
Wall Street Analysts' Forecast
According to forecasts from 31 analysts, the average one-year price target for Chipotle Mexican Grill Inc (CMG, Financial) stands at $60.94. The high estimate reaches $73.00, while the low estimate is $46.12. This average target price suggests a potential upside of 24.98% from the current price of $48.76. For more detailed estimates, visit the Chipotle Mexican Grill Inc (CMG) Forecast page.
Based on the consensus from 36 brokerage firms, Chipotle Mexican Grill Inc’s (CMG, Financial) average brokerage recommendation is currently 1.8, indicating an "Outperform" status. Within the rating scale of 1 to 5, a rating of 1 signifies a Strong Buy, while 5 denotes a Sell.
According to GuruFocus estimates, Chipotle Mexican Grill Inc (CMG, Financial) has an estimated GF Value of $60.64 for the coming year. This represents a potential upside of 24.36% from the current price of $48.76. The GF Value is GuruFocus' assessment of the stock's fair trading value, based on historical trading multiples, past business growth, and future business performance estimates. For further detailed information, please refer to the Chipotle Mexican Grill Inc (CMG) Summary page.
