Chipotle Mexican Grill Inc. (NYSE:CMG) shares traded down 1.9% during trading on Tuesday . The stock traded as low as $412.68 and last traded at $414.92, with a volume of 625,883 shares. The stock had previously closed at $423.02.

Several research analysts recently commented on the company. Goldman Sachs Group Inc. reduced their target price on Chipotle Mexican Grill from $490.00 to $445.00 and set a “neutral” rating for the company in a research report on Tuesday, July 19th. Nomura reiterated a “neutral” rating and set a $420.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, June 3rd. Jefferies Group reiterated a “sell” rating on shares of Chipotle Mexican Grill in a research note on Friday, August 5th. Vetr lowered Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $449.21 price objective for the company. in a research note on Tuesday, July 12th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $590.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday, July 18th. Six 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. Chipotle Mexican Grill has a consensus rating of “Hold” and a consensus price target of $488.60.

The company has a market capitalization of $12.05 billion and a PE ratio of 59.623. The firm’s 50 day moving average price is $410.09 and its 200-day moving average price is $441.45.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.87 earnings per share 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. Analysts anticipate that Chipotle Mexican Grill Inc. will post $3.87 earnings per share for the current year.

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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