Chipotle Mexican Grill Inc. (NYSE:CMG) rose 2.5% during 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.

Several equities research analysts recently commented on CMG shares. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $490.00 price objective (down from $500.00) on shares of Chipotle Mexican Grill in a research report on Thursday, June 23rd. Jefferies Group lowered shares of Chipotle Mexican Grill from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $390.00 to $350.00 in a research report on Thursday, March 17th. Vetr upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $443.27 price objective on the stock in a research report on Monday, July 4th. Credit Suisse Group AG reiterated a “buy” rating and issued a $500.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, June 21st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $510.00 price objective on shares of Chipotle Mexican Grill in a research report on Saturday, April 23rd. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and thirteen have assigned a buy rating to the company. Chipotle Mexican Grill has an average rating of “Hold” and an average target price of $519.45.

The company’s 50-day moving average price is $410.61 and its 200 day moving average price is $452.27. The firm has a market cap of $12.21 billion and a P/E ratio of 39.75.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, April 26th. The company reported ($0.88) earnings per share for the quarter, topping the consensus estimate of ($0.95) by $0.07. During the same period in the prior year, the company earned $3.88 earnings per share. The firm had revenue of $834.50 million for the quarter, compared to analyst estimates of $876.83 million. The firm’s quarterly revenue was down 23.4% on a year-over-year basis. On average, equities research analysts predict that Chipotle Mexican Grill Inc. will post $4.49 EPS for the current fiscal year.

In other news, CEO Steve Ells sold 21,000 shares of the company’s stock in a transaction dated Tuesday, May 31st. The stock was 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 directly owns 122,043 shares of the company’s stock, valued at $53,730,651.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Other hedge funds recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $1,039,000. Suntrust Banks Inc. raised its stake in Chipotle Mexican Grill by 158.1% in the fourth quarter. Suntrust Banks Inc. now owns 2,478 shares of the company’s stock valued at $1,188,000 after buying an additional 1,518 shares during the last quarter. Sawtooth Asset Management Inc. raised its stake in Chipotle Mexican Grill by 9,300.0% in the fourth quarter. Sawtooth Asset Management Inc. now owns 2,538 shares of the company’s stock valued at $1,218,000 after buying an additional 2,511 shares during the last quarter. Horan Capital Advisors LLC. bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $1,474,000. Finally, BNP Paribas Arbitrage SA raised its stake in Chipotle Mexican Grill by 239.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 3,197 shares of the company’s stock valued at $1,534,000 after buying an additional 2,255 shares during the last quarter.

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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