'Make room for CMG in the Magnificent Seven': Analysts heap praise on Chipotle after earnings beat

Chipotle Mexican Grill (CMG) PT Raised to $3,000 at BofA Securities

February 7, 2024 6:22 AM EST

BofA Securities analyst Sara Senatore raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $3,000.00 (from $2,700.00) while maintaining a Buy rating.... More

Chipotle Mexican Grill (CMG) PT Raised to $2,800 at Gordon Haskett

February 7, 2024 6:08 AM EST

Gordon Haskett analyst Jeff Farmer raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $2,800.00 (from $2,600.00) while maintaining a Buy (1) rating.... More

Chipotle Mexican Grill (CMG) PT Raised to $2,500 at Morgan Stanley

February 7, 2024 5:52 AM EST

Morgan Stanley analyst Brian Harbour raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $2,500.00 (from $2,284.00) while maintaining a Equalweight rating.... More

Chipotle Mexican Grill (CMG) PT Raised to $2,800 at Bernstein

February 7, 2024 5:52 AM EST

Bernstein analyst Danilo Gargiulo raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $2,800.00 (from $2,400.00) while maintaining a Outperform rating.... More

Chipotle Mexican Grill (CMG) PT Raised to $2,800 at Raymond James

February 7, 2024 5:48 AM EST

Raymond James analyst Brian Vaccaro raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $2,800.00 (from $2,550.00) while maintaining a Outperform rating.... More

Chipotle Mexican Grill (CMG) PT Raised to $3,100 at Deutsche Bank

February 7, 2024 5:32 AM EST

Deutsche Bank analyst Lauren Silberman raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $3,100.00 (from $3,000.00) while maintaining a Buy rating.

The analyst comments "CMG's 4Q print should be a win for the Bulls even against a high bar. CMG delivered a... More

Chipotle Mexican Grill (CMG) PT Raised to $2,400 at BMO Capital

February 7, 2024 5:13 AM EST

BMO Capital analyst Andrew Strelzik raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $2,400.00 (from $2,100.00) while maintaining a Market Perform rating.... More

Chipotle Mexican Grill (CMG) PT Raised to $2,400 at Barclays

February 7, 2024 5:07 AM EST

Barclays analyst Jeffrey Bernstein raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $2,400.00 (from $2,246.00) while maintaining a Equalweight rating.... More

Chipotle Mexican Grill (CMG) PT Raised to $2,750 at KeyBanc, 'Make Room for CMG in the Magnificent Seven'

February 7, 2024 3:13 AM EST

(Updated - February 7, 2024 5:17 AM EST)

KeyBanc analyst Eric Gonzalez raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $2,750.00 (from $2,250.00) while maintaining a Overweight rating.

The analyst commented: "Chipotles 4Q23 results included EPS, SSS growth, and store-level margins that exceeded expectations... More

Chipotle's quarterly results shine as burrito demand holds strong

February 6, 2024 4:13 PM EST

By Deborah Mary Sophia

(Reuters) -Chipotle Mexican Grill topped market estimates for quarterly profit and sales on Tuesday, helped by its relatively wealthier clientele ordering its burritos and rice bowls despite menu items getting pricier.

Shares of the California-based company were up nearly 3% in after-hours trading.

While customer traffic dropped 1.6% across the U.S. fast-food industry in the quarter, according to Placer.ai data, Chipotle has bucked the trend.

Visits to Chipotle stores rose in all three months of the quarter, the data showed. The company... More

Chipotle Mexican Grill (CMG) Tops Q4 EPS by 68c; offers outlook

February 6, 2024 4:12 PM EST

Chipotle Mexican Grill (NYSE: CMG) reported Q4 EPS of $10.36, $0.68 better than the analyst estimate of $9.68. Revenue for the quarter came in at $2.52 billion versus the consensus estimate of $2.49 billion.

OUTLOOK

For 2024, management is anticipating the following:

Full year comparable restaurant... More