Shares of Chipotle Mexican Grill Inc. (NYSE:CMG) saw unusually-high trading volume on Thursday . Approximately 797,099 shares changed hands 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 reports. Zacks Investment Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 29th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $485.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, May 2nd. Vetr downgraded shares of Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $481.35 price objective for the company. in a report on Monday, May 2nd. Robert W. Baird reissued a “hold” rating on shares of Chipotle Mexican Grill in a report on Monday, May 16th. Finally, Cleveland Research downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Thursday, May 26th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $488.88.

The firm has a market capitalization of $12.19 billion and a PE ratio of 60.33. The stock has a 50-day moving average of $408.96 and a 200 day moving average of $442.44.

Chipotle Mexican Grill (NYSE:CMG) last announced 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 company had revenue of $998.40 million for the quarter, compared to analysts’ expectations of $1.06 billion. Equities analysts forecast that Chipotle Mexican Grill Inc. will post $3.87 EPS for the current year.

In related news, CEO Steve Ells sold 21,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $440.26, for a total transaction of $9,245,460.00. Following the sale, the chief executive officer now directly owns 122,043 shares of the company’s stock, valued at approximately $53,730,651.18. The sale was disclosed in a legal filing with the SEC, which is available through this link.

A number of large investors have made changes to their positions in CMG. Marshall Wace LLP acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at $1,039,000. Suntrust Banks Inc. increased its stake 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, I.G. Investment Management LTD. increased its stake 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 valued at $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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