JPMorgan Chase & Co. Issues Pessimistic Forecast for Chipotle Mexican Grill (NYSE:CMG) Stock Price

Chipotle Mexican Grill (NYSE:CMG) had its target price reduced by equities researchers at JPMorgan Chase & Co. from $64.00 to $58.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 19.55% from the stock’s previous close.

A number of other research analysts also recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Stephens reduced their price objective on shares of Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday. KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group lifted their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.67.

Chipotle Mexican Grill Stock Down 1.0 %

Chipotle Mexican Grill stock opened at $48.52 on Thursday. Chipotle Mexican Grill has a twelve month low of $47.55 and a twelve month high of $69.26. The firm has a 50 day moving average price of $54.53 and a 200-day moving average price of $57.66. The company has a market capitalization of $65.76 billion, a P/E ratio of 43.70, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Equities analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds have recently made changes to their positions in CMG. Golden State Wealth Management LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter worth $371,000. Raymond James Financial Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC raised its position in Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock worth $900,000 after purchasing an additional 9,070 shares during the period. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in Chipotle Mexican Grill in the 4th quarter worth $715,000. Finally, Vinva Investment Management Ltd raised its position in Chipotle Mexican Grill by 50.6% in the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after purchasing an additional 21,864 shares during the period. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.