Chipotle Mexican Grill (NYSE:CMG) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Chipotle Mexican Grill (NYSE:CMG) had its price objective lowered by JPMorgan Chase & Co. from $37.00 to $36.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the restaurant operator’s stock.

CMG has been the subject of a number of other research reports. Guggenheim reissued a “neutral” rating and issued a $32.00 target price (down from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday. Robert W. Baird lowered their price target on shares of Chipotle Mexican Grill from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. DA Davidson reiterated a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday. Raymond James Financial reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Thursday. Finally, Gordon Haskett reduced their price objective on shares of Chipotle Mexican Grill from $42.00 to $36.00 and set a “hold” rating for the company in a research note on Monday, October 19th. Twenty-seven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.36.

Chipotle Mexican Grill Price Performance

CMG opened at $31.89 on Thursday. The business has a 50 day simple moving average of $33.07 and a 200-day simple moving average of $34.12. The stock has a market capitalization of $40.35 billion, a P/E ratio of 29.80, a P/E/G ratio of 1.99 and a beta of 0.96. Chipotle Mexican Grill has a 12 month low of $27.31 and a 12 month high of $41.42.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Chipotle Mexican Grill had a net margin of 10.83% and a return on equity of 57.05%. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter last year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Research analysts anticipate that Chipotle Mexican Grill will post 1.10 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider directly owned 21,415 shares in the company, valued at approximately $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CMG. Osbon Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new position in Chipotle Mexican Grill during the second quarter worth about $27,000. Kelleher Financial Advisors acquired a new position in Chipotle Mexican Grill during the second quarter worth about $28,000. Bell Investment Advisors Inc acquired a new position in Chipotle Mexican Grill during the second quarter worth about $32,000. Finally, Rule One Partners LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $32,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

More Chipotle Mexican Grill News

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Third-quarter revenue rose 9.6% year over year to approximately $3.29 billion and comparable sales remained positive for the third consecutive quarter. New menu launches, loyalty offers, digital engagement and improved traffic—particularly among lower-income customers—supported the recovery. Chipotle Q3 Earnings Miss Estimates, Revenues Top, Stock Up
• Positive Sentiment: Management’s planned roughly 3% menu-price increase in the fourth quarter should help offset rising beef, freight and labor costs. Investors also responded positively to Chipotle’s brisket launch, expanding restaurant base, more than 24 million loyalty members and plans to open as many as 385 locations in 2027. Chipotle stock soars after chain reveals menu price increases
• Positive Sentiment: Several analysts still see substantial recovery potential. DA Davidson, Oppenheimer, BTIG and Citigroup maintained bullish ratings or targets implying upside, while buybacks and a perceived price floor near $32 reinforced the rebound thesis. Chipotle’s $32 Floor: Is a Major Stock Rebound Coming?

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.