Chipotle Mexican Grill Inc. (NYSE:CMG) shares saw an uptick in trading volume on Thursday . 2,119,905 shares traded hands during mid-day 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.

A number of equities research analysts recently weighed in on the stock. William Blair reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Saturday, April 9th. Cowen and Company reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a report on Sunday, April 17th. BMO Capital Markets reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Wednesday, April 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $485.00 price target on shares of Chipotle Mexican Grill in a report on Monday, May 2nd. Finally, Telsey Advisory Group lowered their price target on shares of Chipotle Mexican Grill from $420.00 to $400.00 and set a “market perform” rating for the company in a report on Friday. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $505.01.

The firm has a market capitalization of $12.92 billion and a PE ratio of 42.08. The stock’s 50 day moving average price is $407.28 and its 200-day moving average price is $449.82.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by $0.06. The business had revenue of $998.40 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, equities analysts predict that Chipotle Mexican Grill Inc. will post $4.40 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 value of $9,245,460.00. Following the completion of the sale, the chief executive officer now directly owns 122,043 shares of the company’s stock, valued at approximately $53,730,651.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Several hedge funds recently made changes to their positions in CMG. Marshall Wace LLP bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $1,039,000. Suntrust Banks Inc. boosted its stake in shares of Chipotle Mexican Grill by 158.1% in the fourth quarter. Suntrust Banks Inc. now owns 2,478 shares of the company’s stock worth $1,188,000 after buying an additional 1,518 shares during the period. Sawtooth Asset Management Inc. boosted its stake in shares of 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 worth $1,218,000 after buying an additional 2,511 shares during the period. Horan Capital Advisors LLC. bought a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $1,474,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Chipotle Mexican Grill by 239.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 3,197 shares of the company’s stock worth $1,534,000 after buying an additional 2,255 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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