TD Private Client Wealth LLC Sells 18,491 Shares of Chipotle Mexican Grill, Inc. $CMG

TD Private Client Wealth LLC cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 76.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CMG. Bank of Nova Scotia raised its stake in shares of Chipotle Mexican Grill by 11.0% during the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after purchasing an additional 47,241 shares during the period. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $1,597,000. Crescent Park Management L.P. bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at $5,911,000. WINTON GROUP Ltd raised its stake in shares of Chipotle Mexican Grill by 269.6% during the 3rd quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock valued at $14,888,000 after purchasing an additional 277,090 shares during the period. Finally, Heritage Investors Management Corp raised its stake in shares of Chipotle Mexican Grill by 6.8% during the 3rd quarter. Heritage Investors Management Corp now owns 498,120 shares of the restaurant operator’s stock valued at $19,521,000 after purchasing an additional 31,560 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Up 0.1%

Chipotle Mexican Grill stock opened at $32.84 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The business has a 50-day simple moving average of $33.32 and a 200 day simple moving average of $35.22. The stock has a market cap of $42.13 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.11 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the business earned $0.29 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, May 5th. Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Stephens boosted their price objective on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. BTIG Research reiterated a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $48.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.03.

Chipotle Mexican Grill Profile

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.