JPMorgan Chase & Co. Has Lowered Expectations for Chipotle Mexican Grill (NYSE:CMG) Stock Price

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) had its price target decreased by equities research analysts at JPMorgan Chase & Co. from $64.00 to $58.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the restaurant operator's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 16.90% from the company's current price.

Several other research firms also recently issued reports on CMG. Barclays cut their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group increased their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a "hold" rating in a report on Monday, December 16th. Cfra raised Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and lifted their target price for the stock from $59.00 to $73.00 in a report on Wednesday, February 5th. Morgan Stanley upgraded Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $65.00 to $70.00 in a research report on Monday, March 3rd. Finally, Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.67.

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Chipotle Mexican Grill Trading Up 2.2 %

Shares of CMG stock traded up $1.09 during trading hours on Thursday, reaching $49.62. 15,511,950 shares of the company's stock were exchanged, compared to its average volume of 13,052,219. Chipotle Mexican Grill has a 1 year low of $47.55 and a 1 year high of $69.26. The stock has a market cap of $67.25 billion, a PE ratio of 44.69, a PEG ratio of 2.04 and a beta of 1.27. The stock's fifty day moving average price is $54.40 and its two-hundred day moving average price is $57.70.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping 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%. On average, equities analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ethos Financial Group LLC purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at about $31,000. Sound Income Strategies LLC boosted its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock worth $36,000 after purchasing an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $38,000. Truvestments Capital LLC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at approximately $37,000. Finally, Financial Life Planners purchased a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 91.31% of the company's stock.

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.