TD Private Client Wealth LLC Cuts Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

TD Private Client Wealth LLC decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 76.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,817 shares of the restaurant operator’s stock after selling 18,491 shares during the period. TD Private Client Wealth LLC’s holdings in Chipotle Mexican Grill were worth $215,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bank of Nova Scotia boosted its position in shares of Chipotle Mexican Grill by 11.0% during the third quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after buying an additional 47,241 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new stake in Chipotle Mexican Grill during the fourth quarter worth $1,597,000. Crescent Park Management L.P. bought a new stake in Chipotle Mexican Grill during the third quarter worth $5,911,000. WINTON GROUP Ltd lifted its holdings in Chipotle Mexican Grill by 269.6% during the third quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock worth $14,888,000 after acquiring an additional 277,090 shares during the period. Finally, Heritage Investors Management Corp lifted its holdings in Chipotle Mexican Grill by 6.8% during the third quarter. Heritage Investors Management Corp now owns 498,120 shares of the restaurant operator’s stock worth $19,521,000 after acquiring an additional 31,560 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, May 5th. DA Davidson assumed coverage on Chipotle Mexican Grill in a report on Friday, March 6th. They set a “buy” rating and a $51.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Citigroup lifted their price target on Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Stephens lifted their price target on Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Twenty-four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $46.03.

Read Our Latest Stock Analysis on CMG

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $32.84 on Friday. The firm has a market cap of $42.13 billion, a PE ratio of 30.13, a PEG ratio of 2.11 and a beta of 1.03. The stock’s fifty day moving average price is $33.32 and its two-hundred day moving average price is $35.22. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

(Free Report)

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

Further Reading

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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