Chipotle Mexican Grill Inc. (NYSE:CMG) rose 2.5% during mid-day trading on Wednesday . The stock traded as high as $420.00 and last traded at $418.39, with a volume of 885,599 shares traded. The stock had previously closed at $408.34.

CMG has been the topic of several research reports. Vetr upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $483.64 target price on the stock in a report on Wednesday, April 27th. Deutsche Bank AG restated a “sell” rating and issued a $430.00 target price (up previously from $424.00) on shares of Chipotle Mexican Grill in a report on Wednesday, April 27th. Nomura Holdings Inc. restated a “hold” rating on shares of Chipotle Mexican Grill in a report on Wednesday, April 27th. Telsey Advisory Group cut shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and set a $555.00 target price on the stock. in a report on Wednesday, June 1st. Finally, BTIG Research restated a “neutral” rating on shares of Chipotle Mexican Grill in a report on Wednesday, June 29th. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $523.24.

The firm has a 50 day moving average of $412.99 and a 200-day moving average of $452.79. The company has a market cap of $12.17 billion and a P/E ratio of 39.63.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, April 26th. The company reported ($0.88) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.95) by $0.07. The company had revenue of $834.50 million for the quarter, compared to analysts’ expectations of $876.83 million. During the same period last year, the business earned $3.88 EPS. The company’s quarterly revenue was down 23.4% compared to the same quarter last year. On average, analysts expect that Chipotle Mexican Grill Inc. will post $4.50 earnings per share for the current year.

In other Chipotle Mexican Grill news, CEO Steve Ells sold 21,000 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $440.26, for a total transaction of $9,245,460.00. Following the completion of the transaction, the chief executive officer now owns 122,043 shares of the company’s stock, valued at $53,730,651.18. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Other hedge funds and institutional investors recently made changes to their positions in the company. RidgeWorth Capital Management LLC raised its position in shares of Chipotle Mexican Grill by 0.4% in the fourth quarter. RidgeWorth Capital Management LLC now owns 16,988 shares of the company’s stock valued at $8,152,000 after buying an additional 60 shares during the period. Shell Asset Management Co. raised its position in shares of Chipotle Mexican Grill by 2.1% in the fourth quarter. Shell Asset Management Co. now owns 7,414 shares of the company’s stock valued at $3,558,000 after buying an additional 156 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of Chipotle Mexican Grill by 6.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 4,266 shares of the company’s stock valued at $2,047,000 after buying an additional 240 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Chipotle Mexican Grill by 2.8% in the fourth quarter. Gulf International Bank UK Ltd now owns 9,122 shares of the company’s stock valued at $4,377,000 after buying an additional 250 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Chipotle Mexican Grill by 1.4% in the fourth quarter. Principal Financial Group Inc. now owns 44,310 shares of the company’s stock valued at $21,262,000 after buying an additional 614 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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