Based on intraday technical indicators, the cmg stock price today forecast points to steady consolidation at the $3,140–$3,160 range. RSI readings hover near 62, indicating neither overbought nor oversold conditions, while institutional buying activity remains elevated compared to last quarter. Investors should also note Chipotle Mexican Grill's current valuation metrics, including its Forward P/E ratio of 51.09. This signifies a premium in comparison to the average Forward P/E of 21.06 for its industry. Sign up for free newsletters and get more CNBC delivered to your inbox The cmg stock price today forecast incorporates macroeconomic data suggesting consumer demand for premium fast-casual dining remains intact even as interest rates hold steady. This strengthens bullish projections for Q3.