Shares of Chipotle Mexican Grill Inc. (NYSE:CMG) were down 1.3% 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 analysts have recently weighed in on CMG shares. Vetr upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $483.64 price objective on the stock in a research note on Wednesday, April 27th. Deutsche Bank AG reiterated a “sell” rating and issued a $430.00 price objective (up previously from $424.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, April 27th. Nomura reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, April 27th. Telsey Advisory Group lowered shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and set a $555.00 price objective on the stock. in a research note on Wednesday, June 1st. Finally, BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, June 29th. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $490.76.

The firm has a market cap of $11.31 billion and a price-to-earnings ratio of 55.97. The company’s 50-day moving average price is $407.88 and its 200 day moving average price is $444.47.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by $0.06. The company had revenue of $998.40 million for the quarter, compared to analysts’ expectations of $1.06 billion. Equities analysts predict that Chipotle Mexican Grill Inc. will post $3.88 earnings per share for the current fiscal year.

In other Chipotle Mexican Grill news, CEO Steve Ells sold 21,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The shares were 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 owns 122,043 shares of the company’s stock, valued at $53,730,651.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several institutional investors have added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $1,039,000. Suntrust Banks Inc. boosted its position 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 period. Airain ltd acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $2,602,000. Utah Retirement Systems boosted its position in 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 period. Finally, American International Group Inc. boosted its position in 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 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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