Chipotle Mexican Grill Inc. (NYSE:CMG)’s share price traded down 1.3% during mid-day trading on Thursday . The company traded as low as $392.57 and last traded at $393.94, with a volume of 649,061 shares. The stock had previously closed at $399.18.

A number of equities analysts recently issued reports on the stock. Morgan Stanley reissued a “hold” rating and issued a $405.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday. Vetr downgraded shares of Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $444.51 price target on the stock. in a report on Friday, August 12th. Jefferies Group reaffirmed a “sell” rating on shares of Chipotle Mexican Grill in a report on Friday, August 5th. RBC Capital Markets reaffirmed an “outperform” rating and set a $485.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, July 27th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $590.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, July 26th. Six research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Chipotle Mexican Grill has a consensus rating of “Hold” and a consensus price target of $490.76.

The firm has a 50-day moving average of $408.29 and a 200 day moving average of $445.07. The firm has a market cap of $11.50 billion and a P/E ratio of 56.90.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Thursday, July 21st. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by $0.06. The business earned $998.40 million during the quarter, compared to the consensus estimate of $1.06 billion. Analysts expect that Chipotle Mexican Grill Inc. will post $3.88 earnings per share for the current year.

In other Chipotle Mexican Grill news, CEO Steve Ells sold 21,000 shares of Chipotle Mexican Grill 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 transaction, the chief executive officer now directly owns 122,043 shares of the company’s stock, valued at approximately $53,730,651.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Other institutional investors recently made changes to their positions in the company. Utah Retirement Systems boosted its position in shares of Chipotle Mexican Grill by 1.8% in the fourth quarter. Utah Retirement Systems now owns 5,627 shares of the company’s stock valued at $2,700,000 after buying an additional 100 shares during the last quarter. Principal Financial Group Inc. boosted 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 last quarter. American International Group Inc. boosted its position in shares of Chipotle Mexican Grill by 6.7% in the fourth quarter. American International Group Inc. now owns 12,714 shares of the company’s stock valued at $6,101,000 after buying an additional 800 shares during the last quarter. Suntrust Banks Inc. boosted its position 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 valued at $1,188,000 after buying an additional 1,518 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $1,039,000.

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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