Analysts’ CMG stock forecast confidence stems from Chipotle’s proven pricing power, with minimal customer attrition despite a 5% menu price increase in Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider owned 109,815 shares of the company's stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Insiders own 1.02% of the company's stock. CMG stock forecast shows moderate bullish sentiment ahead, with analysts citing Chipotle’s planned 250 new store openings in 2024 as a growth driver. Current price levels around $2,300 reflect strong Q1 revenue beats and robust same-store sales trends.
