BUZZ-Chipotle drops after abrupt executive departures

Reuters01-14

** Shares of Chipotle Mexican Grill CMG.N are down 3.37% at $38.99 after the restaurant company announced the abrupt departure of Chris Brandt, president and chief market officer, and Roger Theodoredis, chief legal officer and general counsel

** CMG is set to snap seven consecutive sessions of gains

** Stephanie Perdue, vice president of brand marketing, was appointed interim chief market officer, while Ilene Eskenazi was named chief legal and human resources officer

** Brandt and Theodoredis will remain with CMG for a limited period to help with transition, CMG said in a statement

** Among 38 analysts covering CMG, avg rating is "buy" and median PT is $44

** CMG is up 5.4% YTD vs S&P 500 consumer discretionary index's .SPLRCD 4.2% increase

(Reporting by Chibuike Oguh in New York)

((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

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