Chipotle Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Chipotle Mexican Grill, Inc. CMG is expected to release earnings results for its fourth quarter, after the closing bell on Feb. 6, 2024.

Analysts expect the company to report quarterly earnings at $9.75 per share, up from year-ago earnings of $8.29 per share. The company is projected to post revenue of $2.49 billion for the latest quarter, compared to $2.18 billion in the year-earlier quarter, according to data from Benzinga Pro.

Chipotle Mexican Grill, during December, said it is investing in Greenfield Robotics and Nitricity.

Chipotle shares fell 0.5% to close at $2,470.85 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Raymond James analyst Brian Vaccaro maintained an Outperform rating and raised the price target from $2,450 to $2,550 on Jan. 25, 2024. This analyst has an accuracy rate of 82%.
• Citigroup analyst Jon Tower maintained a Buy rating and boosted the price target from $2,292 to $2,699 on Jan. 24, 2024. This analyst has an accuracy rate of 74%.
• Piper Sandler analyst Brian Mullan maintained a Neutral rating and raised the price target from $1,930 to $2,226 on Jan. 16, 2024. This analyst has an accuracy rate of 85%.
• Oppenheimer analyst Brian Bittner maintained an Outperform rating and increased the price target from $2,225 to $2,525 on Jan. 5, 2024. This analyst has an accuracy rate of 88%.
• Stephens & Co. analyst Joshua Long maintained an Overweight rating and raised the price target from $2,330 to $2,800 on Jan. 2, 2024. This analyst has an accuracy rate of 79%.

Read This Next: Pinterest, Checkpoint Therapeutics And 2 Other Stocks Insiders Are Selling