![]() ![]() 13 analysts recommended to BUY the stock. The gain comes despite Chipotle announcing price hikes in the middle of the. CMG shares have moved lower in the immediate aftermath of earnings 7 out of 12 previous. In the last year, 14 stock analysts published opinions about CMG-N. Chipotle Mexican Grills stock (NYSE: CMG), has gained 30 since the end of 2020. The average price target is 1800.71 with a high estimate of 2500 and a low. Their average target for the stock price is $849.93. stock-index futures gave up early gains to turn sharply lower Tuesday after an unexpected monthly rise in the August consumer-price index dashed hopes. Chipotle Mexican Grill Historical Stock Price Reaction to Earnings. Based on analysts offering 12 month price targets for CMG in the last 3 months. About 40% have ratings of Buy or the equivalent on the stock, while 52% have Hold ratings, according to FactSet. Other Wall Street analysts are mixed on Chipotle. Disclaimer: These research reports are primarily student reports for academic purposes and are not specific recommendations to buy or sell a stock. (WING) crossed the 30% line earlier this year, he said. He estimated that over the next five years, Chipotle’s online sales will account for 34% of revenue, up from 18% today. This suggests a possible upside of 6.6 from the stock's current price. Considering the small differences between the analysts' various estimates, the group's business visibility is good. ![]() Over the past twelve months, analysts' opinions have been strongly revised upwards. On average, they expect the company's share price to reach 1,837.55 in the next year. Analysts covering this company mostly recommend stock overweighting or purchase. Their CMG share price forecasts range from 1,400.00 to 2,500.00. The analyst noted that in the third quarter, sales growth at restaurants open at least a year increased to 11%, while online sales grew by 88%. 32 brokerages have issued 12 month price objectives for Chipotle Mexican Grill's shares. “Unlike most competitors, virtually every Chipotle location has a second assembly line to provide capacity for digital orders, that are now fully digitized for faster prep times.” “We see upside to comps and EPS from digital sales growth, increasing consumer demand for food transparency, and a growing ad budget and loyalty program,” he wrote. stock information, including NYSE:CMG real-time market quotes, financial reports, professional analyst. The stock was up 2.3% to $804.75 on Tuesday. Webull offers kinds of Chipotle Mexican Grill, Inc. He raised his price target for Chipotle shares to $970 from $800. Cowen analyst Andrew Charles on Tuesday raised his rating for Chipotle stock to Outperform from Market Perform, predicting rising sales from initiatives such as pickup and third-party delivery of food ordered online.
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