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

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

Several other analysts also recently weighed in on CMG. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and upped their price target for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Piper Sandler cut their target price on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, 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 note on Wednesday, February 5th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.67.

Chipotle Mexican Grill Stock Up 0.0 %

Chipotle Mexican Grill stock opened at $49.00 on Thursday. The company has a market capitalization of $66.41 billion, a P/E ratio of 44.14, a PEG ratio of 2.04 and a beta of 1.27. The stock’s 50 day moving average is $54.69 and its 200 day moving average is $57.71. Chipotle Mexican Grill has a twelve month low of $47.55 and a twelve month high of $69.26.

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

Institutional Investors Weigh In On Chipotle Mexican Grill

Institutional investors and hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $371,000. Raymond James Financial Inc. purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $315,220,000. U.S. Capital Wealth Advisors LLC grew its position in shares of Chipotle Mexican Grill by 155.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after purchasing an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $715,000. Finally, Hantz Financial Services Inc. grew its position in shares of Chipotle Mexican Grill by 5,897.8% during the third quarter. Hantz Financial Services Inc. now owns 48,942 shares of the restaurant operator’s stock valued at $2,820,000 after purchasing an additional 48,126 shares in the last quarter. 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.