Chipotle Mexican Grill Inc. (NYSE:CMG) shares saw unusually-high trading volume on Thursday . Approximately 797,099 shares were traded during trading, a decline of 9% from the previous session’s volume of 877,862 shares.The stock last traded at $413.16 and had previously closed at $403.75.

CMG has been the subject of several research analyst reports. Vetr upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $446.39 target price for the company in a research note on Tuesday, August 9th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $490.00 price objective (down previously from $500.00) on shares of Chipotle Mexican Grill in a research note on Thursday, June 23rd. Morgan Stanley restated a “hold” rating and issued a $405.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, August 18th. BTIG Research restated a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Sunday, July 24th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $500.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, June 21st. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and fifteen have issued a buy rating to the company. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average target price of $488.88.

The company has a market capitalization of $12.03 billion and a PE ratio of 59.55. The company has a 50-day moving average price of $408.19 and a 200-day moving average price of $442.63.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, July 21st. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by $0.06. The firm earned $998.40 million during the quarter, compared to the consensus estimate of $1.06 billion. Equities analysts predict that Chipotle Mexican Grill Inc. will post $3.87 EPS for the current year.

In other news, CEO Steve Ells sold 21,000 shares of the company’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 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 is available through the SEC website.

Several institutional investors have recently modified their holdings of the company. Marshall Wace LLP purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $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 worth $1,188,000 after buying an additional 1,518 shares during the last quarter. Airain ltd purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $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 worth $2,700,000 after buying an additional 100 shares during the last quarter. Finally, I.G. Investment Management LTD. raised its position in shares of Chipotle Mexican Grill by 244.7% in the fourth quarter. I.G. Investment Management LTD. now owns 14,132 shares of the company’s stock worth $6,781,000 after buying an additional 10,032 shares during 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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