Benzinga | Aug 31, 2021 12:40PM EDT

What 14 Analyst Ratings Have To Say About Chipotle Mexican Grill

Analysts have provided the following ratings for Chipotle Mexican Grill (NYSE:CMG) within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish BearishTotal Ratings 1 8 5 0 0Last 30 Days 0 0 0 0 01 Month Ago 0 1 0 0 02 Months Ago 1 6 5 0 03 Months Ago 0 1 0 0 0

These 14 analysts have an average price target of $1814.71 versus the current price of Chipotle Mexican Grill at 1913.27, implying downside.

Below is a summary of how these 14 analysts rated Chipotle Mexican Grill over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock

This current average has increased by 6.39% from the previous average price target of $1705.77.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.