Shares of Chipotle Mexican Grill Inc. (NYSE:CMG) saw unusually-strong trading volume on Thursday . Approximately 2,119,905 shares traded hands during trading, an increase of 77% from the previous session’s volume of 1,194,783 shares.The stock last traded at $418.07 and had previously closed at $419.68.

Several research analysts have weighed in on CMG shares. BTIG Research reiterated a “buy” rating and set a $530.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, March 24th. William Blair reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Saturday, April 9th. Vetr upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $482.82 price objective on the stock in a research report on Wednesday, April 6th. Wells Fargo & Co. reiterated a “buy” rating and set a $590.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, April 25th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, April 26th. Five analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $517.43.

The stock has a market capitalization of $12.21 billion and a P/E ratio of 39.76. The firm has a 50-day moving average of $407.31 and a 200-day moving average of $449.86.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by $0.10. The company earned $998.40 billion during the quarter, compared to the consensus estimate of $1.06 billion. Analysts forecast that Chipotle Mexican Grill Inc. will post $4.39 earnings per share for the current fiscal year.

In other Chipotle Mexican Grill news, CEO Steve Ells sold 21,000 shares of the business’s 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 sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.

A number of large investors recently added to or reduced their stakes in the company. Philadelphia Trust Co. bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $2,985,000. Sawtooth Asset Management Inc. boosted its position 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 in the last quarter. Morgan Stanley boosted its position in Chipotle Mexican Grill by 121.6% in the fourth quarter. Morgan Stanley now owns 403,576 shares of the company’s stock valued at $193,655,000 after buying an additional 221,451 shares in the last quarter. Financial Counselors Inc. boosted its position in Chipotle Mexican Grill by 14.5% in the fourth quarter. Financial Counselors Inc. now owns 8,827 shares of the company’s stock valued at $4,236,000 after buying an additional 1,120 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in 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 in 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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