TD Waterhouse Canada Inc. Sells 3,383 Shares of Chipotle Mexican Grill, Inc. $CMG

TD Waterhouse Canada Inc. lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 124,048 shares of the restaurant operator’s stock after selling 3,383 shares during the period. TD Waterhouse Canada Inc.’s holdings in Chipotle Mexican Grill were worth $7,218,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $535,023,000. Sustainable Growth Advisers LP bought a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $597,031,000. Goldman Sachs Group Inc. grew its stake in Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock worth $497,105,000 after buying an additional 4,903,969 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after buying an additional 4,027,016 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock valued at $1,632,092,000 after buying an additional 2,404,798 shares in the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $30.98 on Thursday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $66.74. The firm has a market cap of $40.97 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98. The business has a 50 day moving average price of $37.66 and a 200-day moving average price of $44.98.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

CMG has been the topic of a number of research reports. The Goldman Sachs Group restated a “buy” rating and set a $45.00 price target (down previously from $52.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Raymond James Financial reissued an “outperform” rating and set a $40.00 price objective (down from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Evercore ISI dropped their target price on Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Stephens reduced their price target on shares of Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Finally, Mizuho set a $34.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.81.

Chipotle Mexican Grill Company 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.