Chipotle Mexican Grill (NYSE:CMG) Given New $58.00 Price Target at JPMorgan Chase & Co.

Chipotle Mexican Grill (NYSE:CMG) had its target price cut 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 price objective indicates a potential upside of 17.64% from the stock’s current price.

Several other brokerages also recently weighed in on CMG. Jefferies Financial Group increased their target price 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. Wells Fargo & Company cut their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Evercore ISI upped their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Raymond James cut their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Finally, Oppenheimer upped their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Trading Up 0.6 %

Shares of NYSE:CMG traded up $0.31 during midday trading on Thursday, reaching $49.30. 2,682,220 shares of the company were exchanged, compared to its average volume of 13,146,181. The business’s fifty day moving average is $54.87 and its two-hundred day moving average is $57.77. Chipotle Mexican Grill has a one year low of $47.55 and a one year high of $69.26. The stock has a market cap of $66.82 billion, a PE ratio of 44.32, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Chipotle Mexican Grill will post 1.29 EPS for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of institutional investors and hedge funds have recently made changes to their positions in CMG. Ethos Financial Group LLC acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $31,000. Sound Income Strategies LLC boosted its holdings in shares of Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 555 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter valued at approximately $37,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $38,000. Finally, Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $45,000. 91.31% of the stock is owned by institutional investors and hedge funds.

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.