JPMorgan Chase & Co. Cuts Chipotle Mexican Grill (NYSE:CMG) Price Target to $58.00

Chipotle Mexican Grill (NYSE:CMG) had its target price decreased by JPMorgan Chase & Co. from $64.00 to $58.00 in a research note published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the restaurant operator’s stock.

Several other research firms have also commented on CMG. Jefferies Financial Group lifted their price target on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday. Truist Financial boosted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Wells Fargo & Company dropped their target price on 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. Finally, Citigroup boosted their target price on Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Eight 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Trading Up 0.0 %

CMG opened at $49.00 on Thursday. The firm has a market cap of $66.41 billion, a P/E ratio of 44.14, a P/E/G ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill has a 12 month low of $47.55 and a 12 month high of $69.26. The stock has a 50-day moving average of $54.69 and a 200 day moving average of $57.71.

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

Hedge Funds Weigh In On Chipotle Mexican Grill

Several institutional investors and hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. grew its holdings in Chipotle Mexican Grill by 29.5% in the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Geode Capital Management LLC grew its holdings in Chipotle Mexican Grill by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock worth $1,712,238,000 after purchasing an additional 395,053 shares during the last quarter. American Century Companies Inc. grew its holdings in Chipotle Mexican Grill by 0.8% in the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after purchasing an additional 166,767 shares during the last quarter. Norges Bank purchased a new position in Chipotle Mexican Grill in the fourth quarter worth $1,093,345,000. Finally, Northern Trust Corp grew its holdings in Chipotle Mexican Grill by 11.1% in the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator’s stock worth $870,918,000 after purchasing an additional 1,438,860 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

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.