Chipotle Mexican Grill (CMG) is Downgraded by JP Morgan to Neutral, Lowers Price Target to $555

Chipotle Mexican Grill (CMG) is Downgraded by JP Morgan to Neutral according to the research report released to the investors. The Brokerage Firm has Lowered the Price Target of the company shares to $555 from a previous price target of $630 . Earlier the firm had a rating of Overweight on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) ended Thursday session in red amid volatile trading. The shares closed down 12.94 points or 2.28% at $554.89 with 1,143,569 shares getting traded. Post opening the session at $575.01, the shares hit an intraday low of $554.6 and an intraday high of $577.7599 and the price vacillated in this range throughout the day. The company has a market cap of $17,306 million and the number of outstanding shares has been calculated to be 31,187,503 shares. The 52-week high of Chipotle Mexican Grill, Inc. (NYSE:CMG) is $758.61 and the 52-week low is $515.

During the last several months other analysts have commented on the company rating. In a research note released to the investors, Argus Research downgrades its rating on Chipotle Mexican Grill, Inc. (NYSE:CMG).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on December 11, 2015.

As many as 26 brokerage firms have rated Chipotle Mexican Grill, Inc. (NYSE:CMG) at 2.25. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term. Sell was recommended by 1 analysts. The stock garnered a place in the hold list of 14 stock Analysts. 2 analysts suggested buying the company. 9 analysts rated the company as a strong buy.

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares are expected to touch $615.18 in the short term. This short term price target has been shared by 22 analysts. However, the standard deviation of short term price estimate has been valued at 107.33. The target price could hit $810 on the higher end and $470 on the lower end.

Chipotle Mexican Grill, Inc. has lost 3.57% in the last five trading days and dropped 4.92% in the last 4 weeks. Chipotle Mexican Grill, Inc. has dropped 23.93% during the last 3-month period . Year-to-Date the stock performance stands at -18.94%.

Chipotle Mexican Grill, Inc. (Chipotle) operates Chipotle Mexican Grill restaurants. Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2012, the Company operated 1,410 restaurants, including Chipotle restaurants throughout the United States, as well as five in Canada, five in London, England, and one in Paris, France, and also one ShopHouse Southeast Asian Kitchen, a restaurant in Washington, D.C. Chipotle categorizes its restaurants as either end-caps (at the end of a line of retail outlets), in-lines (in a line of retail outlets), free-standing or other. As of December 31, 2012, of its restaurants in operation, the Company had 258 free-standing units, 861 end-cap locations, 233 in-line locations and 58 other. The average restaurant size is about 2,535 square feet and seats about 56 people. Most of its restaurants also feature outdoor patio space.