TD Asset Management Inc. Lowers Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

TD Asset Management Inc. trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 36.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,548,933 shares of the restaurant operator’s stock after selling 901,282 shares during the quarter. TD Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $93,401,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ethos Financial Group LLC bought a new stake in Chipotle Mexican Grill during the 4th quarter valued at $31,000. Sound Income Strategies LLC lifted its stake in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares during the last quarter. Truvestments Capital LLC bought a new stake in Chipotle Mexican Grill during the third quarter valued at about $37,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the fourth quarter valued at about $45,000. Finally, Oakworth Capital Inc. bought a new position in Chipotle Mexican Grill in the fourth quarter worth about $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $49.49 on Wednesday. The firm has a market cap of $67.08 billion, a PE ratio of 44.58, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26. The firm has a fifty day moving average of $54.26 and a 200 day moving average of $57.67.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CMG. JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Raymond James lowered their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.