Chipotle Mexican Grill shares fell nearly 4 percent on Monday, sliding toward the bottom of their 52-week range as a fresh price-target cut and an unconfirmed deal rumor landed on a stock already priced for a slow year.

The shares traded at $31.08, down $1.28, or 3.97 percent. Other screens showed them as low as about $30.56, down more than 5 percent. Friday's close was $32.36. The 52-week range is about $28.04 to $42.82. The market value is near $39 billion. The next earnings report is scheduled for Oct. 28.

JPMorgan lowered its target to $37 from $40 in recent days, a cut that still sits above the market price and below an average analyst target near $44 from about 35 analysts who rate the stock a buy. A rumor about the company was flagged in Ben Harrington's Betaville........

© International Business Times