Chipotle Mexican Grill Inc. (NYSE:CMG) shares rose 1.8% on Monday . The stock traded as high as $397.25 and last traded at $395.64, with a volume of 531,760 shares trading hands. The stock had previously closed at $388.50.

CMG has been the subject of several analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $485.00 target price (down from $500.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, April 27th. JPMorgan Chase & Co. upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and set a $510.00 target price for the company in a research note on Sunday, July 24th. Credit Agricole SA upgraded shares of Chipotle Mexican Grill from an “underperform” rating to an “outperform” rating and set a $460.00 target price for the company in a research note on Tuesday, July 19th. Cleveland Research downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research note on Thursday, May 26th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $500.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, June 21st. Six research 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 company currently has a consensus rating of “Hold” and a consensus target price of $490.76.

The company has a market cap of $11.53 billion and a P/E ratio of 57.06. The company’s 50-day moving average is $407.88 and its 200 day moving average 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 Thomson Reuters’ consensus estimate of $0.93 by $0.06. The firm earned $998.40 million during the quarter, compared to the consensus estimate of $1.06 billion. Analysts forecast that Chipotle Mexican Grill Inc. will post $3.88 EPS for the current year.

In related news, CEO Steve Ells sold 21,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 122,043 shares in the company, valued at approximately $53,730,651.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Several institutional investors have modified their holdings of the stock. Marshall Wace LLP acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $1,039,000. Suntrust Banks Inc. raised 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 in the last quarter. Airain ltd acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $2,602,000. Utah Retirement Systems raised 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 in the last quarter. Finally, American International Group Inc. raised 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 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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