On Oct 30, major Wall Street analysts update their ratings for $Chipotle Mexican Grill (CMG.US)$, with price targets ranging from $65 to $72.
Morgan Stanley analyst Brian Harbour maintains with a hold rating, and maintains the target price at $65.
Citi analyst Jon Tower maintains with a buy rating, and adjusts the target price from $71 to $70.
Wells Fargo analyst Zachary Fadem maintains with a buy rating, and adjusts the target price from $66 to $67.
TD Cowen analyst Andrew Charles maintains with a buy rating, and maintains the target price at $68.
Baird analyst David Tarantino maintains with a buy rating, and adjusts the target price from $62 to $70.
Furthermore, according to the comprehensive report, the opinions of $Chipotle Mexican Grill (CMG.US)$'s main analysts recently are as follows:
Concerns surrounding Chipotle's Q3 outcomes seem to be minimal. The company's positive remarks on its momentum throughout the quarter and prospects for Q4, along with the anticipated multi-year advantages from efficiency improvements and sustained investment in technology, are expected to contribute to an uptrend in same-store sales and a reduction in long-term cost metrics over time.
Chipotle's Q4 comparable sales matched expectations, and earnings slightly exceeded them. Despite this, concerns have arisen due to the challenging comparison with Q4 and the lapping of prices without a corresponding increase, as well as the restrained growth projections for new units in 2025 compared to the long-term guidance, leading to a cautious stance among investors.
Chipotle's Q3 earnings surpassed estimates with favorable outcomes in general and administrative expenses, restaurant margins, and taxes, which balanced the somewhat weaker growth in same-store sales. Additionally, the company experienced an uptick in traffic trends during September and October. However, the moderation in pricing indicates that the slower trend in comparative store growth observed in Q3 is continuing into Q4.
The firm has increased its estimates and asserts that the fourth quarter same-store sales forecast of 5%-5.5% is attainable, with the possibility of a price hike serving as a backup plan.
Chipotle's third-quarter earnings exceeded the consensus, yet its comparable sales growth of 6% did not meet the anticipated 6.5%. Management anticipates a slight uptick in transaction growth in the fourth quarter compared to the third, with pricing projected to increase just over 1% for the current quarter.
Here are the latest investment ratings and price targets for $Chipotle Mexican Grill (CMG.US)$ from 11 analysts:
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美东时间10月30日，多家华尔街大行更新了$奇波雷墨西哥烧烤 (CMG.US)$的评级，目标价介于65美元至72美元。
摩根士丹利分析师Brian Harbour维持持有评级，维持目标价65美元。
花旗分析师Jon Tower维持买入评级，并将目标价从71美元下调至70美元。
富国集团分析师Zachary Fadem维持买入评级，并将目标价从66美元上调至67美元。
TD Cowen分析师Andrew Charles维持买入评级，维持目标价68美元。
贝雅分析师David Tarantino维持买入评级，并将目标价从62美元上调至70美元。
此外，综合报道，$奇波雷墨西哥烧烤 (CMG.US)$近期主要分析师观点如下：
关于Chipotle第三季度业绩的担忧似乎很小。公司对整个季度的动力和第四季度的前景发表了积极评价，预计效率改进和对科技持续投资将带来多年的优势，有望促进同店销售的上升趋势，并随着时间的推移降低长期成本指标。
Chipotle第四季度的可比销售与预期相匹配，收入略微超过预期。尽管如此，由于与第四季度的挑战性比较以及价格没有相应增加而导致的基期效应，以及2025年新增单位增长预期相对长期指导的限制，投资者对此表示谨慎。
Chipotle第三季度的盈利超出了预期，总体而言一般和管理费用、餐厅利润和税收都表现良好，这平衡了同店销售增长略弱的情况。此外，公司在九月和十月期间经历了来店流量趋势的上升。然而，价格调整的缓和表明，在第三季度观察到的比较店面增长趋势减缓正延续到第四季度。
该公司已提高了其预估，并声称第四季度同店销售预测值5%至5.5%是可以实现的，而价格上涨可能作为备选计划。
Chipotle第三季度盈利超过共识，但其6%的可比销售增长未达到预期的6.5%。管理层预计第四季度交易增长会略微增长，价格预计在本季度将增长超过1%。
以下为今日11位分析师对$奇波雷墨西哥烧烤 (CMG.US)$的最新投资评级及目标价：
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