Chipotle Mexican Grill Inc. (NYSE:CMG)’s share price 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 changing hands. The stock had previously closed at $388.50.

CMG has been the topic of several analyst reports. Vetr raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $483.64 target price on the stock in a research note on Wednesday, April 27th. Deutsche Bank AG reaffirmed a “sell” rating and set a $430.00 price target (up previously from $424.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, April 27th. Nomura reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, April 27th. Telsey Advisory Group lowered Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and set a $555.00 price target on the stock. in a research report on Wednesday, June 1st. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, June 29th. Six equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $488.88.

The stock’s 50-day moving average is $407.64 and its 200 day moving average is $443.12. The firm has a market cap of $11.78 billion and a P/E ratio of 58.29.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data 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 firm earned $998.40 million during the quarter, compared to analysts’ expectations of $1.06 billion. Equities research analysts expect that Chipotle Mexican Grill Inc. will post $3.88 earnings per share for the current year.

In other news, CEO Steve Ells sold 21,000 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $440.26, for a total transaction of $9,245,460.00. Following the transaction, the chief executive officer now directly owns 122,043 shares of the company’s stock, valued at $53,730,651.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Other hedge funds and 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 worth $2,700,000 after buying an additional 100 shares during the period. 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 worth $21,262,000 after buying an additional 614 shares during the period. 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 worth $6,101,000 after buying an additional 800 shares during the period. 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 worth $1,188,000 after buying an additional 1,518 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth 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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