Chipotle Mexican Grill Inc. (NYSE:CMG)’s share price was down 1.7% during trading on Thursday . The company traded as low as $386.10 and last traded at $394.13, with a volume of 1,237,166 shares traded. The stock had previously closed at $401.05.

A number of equities analysts have recently commented on CMG shares. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $490.00 price objective (down from $500.00) on shares of Chipotle Mexican Grill in a report on Thursday, June 23rd. Jefferies Group downgraded Chipotle Mexican Grill from a “hold” rating to an “underperform” rating and dropped their target price for the company from $390.00 to $350.00 in a report on Thursday, March 17th. Vetr upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $443.27 target price on the stock in a report on Monday, July 4th. BMO Capital Markets reiterated a “buy” rating and set a $550.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, March 15th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $500.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, June 21st. Six research analysts have rated the stock with a sell rating, nineteen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Chipotle Mexican Grill has an average rating of “Hold” and a consensus price target of $522.98.

The company’s 50-day moving average price is $415.78 and its 200 day moving average price is $454.41. The stock has a market cap of $11.67 billion and a PE ratio of 38.02.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, April 26th. The company reported ($0.88) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.95) by $0.07. During the same period last year, the company earned $3.88 EPS. The company earned $834.50 million during the quarter, compared to analyst estimates of $876.83 million. The business’s revenue for the quarter was down 23.4% compared to the same quarter last year. Analysts forecast that Chipotle Mexican Grill Inc. will post $4.51 EPS for the current fiscal year.

In other news, CEO Steve Ells sold 21,000 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $440.26, for a total value of $9,245,460.00. Following the transaction, the chief executive officer now owns 122,043 shares of the company’s stock, valued at approximately $53,730,651.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Other hedge funds and institutional investors recently bought and sold shares of the company. RidgeWorth Capital Management LLC increased its position in Chipotle Mexican Grill by 0.4% in the fourth quarter. RidgeWorth Capital Management LLC now owns 16,988 shares of the company’s stock worth $8,152,000 after buying an additional 60 shares during the period. GSA Capital Partners LLP bought a new position in Chipotle Mexican Grill during the fourth quarter worth $20,936,000. Mizuho Trust & Banking Co. Ltd. increased its position in Chipotle Mexican Grill by 14.9% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 53,532 shares of the company’s stock worth $26,005,000 after buying an additional 6,934 shares during the period. Baillie Gifford & Co. increased its position in Chipotle Mexican Grill by 23.9% in the fourth quarter. Baillie Gifford & Co. now owns 103,095 shares of the company’s stock worth $49,470,000 after buying an additional 19,874 shares during the period. Finally, Vanguard Group Inc. increased its position in Chipotle Mexican Grill by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 2,606,014 shares of the company’s stock worth $1,250,496,000 after buying an additional 76,995 shares during the period.

Chipotle Mexican Grill, Inc, together with its subsidiaries operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.

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