During the last three months, 19 analysts shared their evaluations of Chipotle Mexican Grill CMG, revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 6 | 7 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 4 | 4 | 5 | 0 | 0 |
| 2M Ago | 1 | 1 | 1 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $65.21, a high estimate of $72.00, and a low estimate of $56.00. This current average reflects an increase of 3.43% from the previous average price target of $63.05.
Interpreting Analyst Ratings: A Closer Look
The standing of Chipotle Mexican Grill among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jim Salera | Stephens & Co. | Maintains | Equal-Weight | $65.00 | $65.00 |
| Nick Setyan | Wedbush | Maintains | Outperform | $69.00 | $69.00 |
| Andrew Charles | TD Cowen | Raises | Buy | $68.00 | $65.00 |
| Jon Tower | Citigroup | Lowers | Buy | $70.00 | $71.00 |
| Alton Stump | Loop Capital | Raises | Hold | $58.00 | $53.00 |
| Jim Salera | Stephens & Co. | Lowers | Equal-Weight | $65.00 | $66.00 |
| Brian Mullan | Piper Sandler | Raises | Neutral | $60.00 | $59.00 |
| Jake Bartlett | Truist Securities | Raises | Buy | $72.00 | $71.00 |
| Zachary Fadem | Wells Fargo | Raises | Overweight | $67.00 | $66.00 |
| Jeffrey Bernstein | Barclays | Raises | Equal-Weight | $60.00 | $55.00 |
| Andrew Strelzik | BMO Capital | Raises | Market Perform | $56.00 | $55.00 |
| David Tarantino | Baird | Raises | Outperform | $70.00 | $62.00 |
| David Palmer | Evercore ISI Group | Raises | Outperform | $70.00 | $59.00 |
| Jake Bartlett | Truist Securities | Raises | Buy | $71.00 | $69.00 |
| Brian Mullan | Piper Sandler | Raises | Neutral | $59.00 | $56.00 |
| Jon Tower | Citigroup | Raises | Buy | $71.00 | $69.00 |
| Brian Bittner | Oppenheimer | Maintains | Outperform | $65.00 | $65.00 |
| Andrew Charles | TD Cowen | Maintains | Buy | $65.00 | $65.00 |
| Nick Setyan | Wedbush | Maintains | Outperform | $58.00 | $58.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Chipotle Mexican Grill. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Chipotle Mexican Grill compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Chipotle Mexican Grill's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Chipotle Mexican Grill's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Chipotle Mexican Grill analyst ratings.
Unveiling the Story Behind Chipotle Mexican Grill
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is almost exclusively company-owned, with just two license stores opearted through a master franchise relationship with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
Understanding the Numbers: Chipotle Mexican Grill's Finances
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Positive Revenue Trend: Examining Chipotle Mexican Grill's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.01% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Chipotle Mexican Grill's net margin excels beyond industry benchmarks, reaching 13.87%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Chipotle Mexican Grill's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 10.58%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Chipotle Mexican Grill's ROA stands out, surpassing industry averages. With an impressive ROA of 4.32%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.24.
How Are Analyst Ratings Determined?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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