TD Asset Management Inc Sells 102,976 Shares of Chipotle Mexican Grill, Inc. $CMG

TD Asset Management Inc reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 8.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,095,078 shares of the restaurant operator's stock after selling 102,976 shares during the period. TD Asset Management Inc owned 0.08% of Chipotle Mexican Grill worth $61,489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter worth approximately $535,023,000. Goldman Sachs Group Inc. lifted its stake in shares of Chipotle Mexican Grill by 98.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock valued at $497,105,000 after buying an additional 4,903,969 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its stake in shares of Chipotle Mexican Grill by 5,319.7% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after buying an additional 4,759,520 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in 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 period. Finally, Manning & Napier Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth $127,892,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $41.77 on Thursday. The firm has a fifty day moving average price of $41.12 and a 200 day moving average price of $47.47. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74. The firm has a market cap of $56.00 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 2.54 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Chipotle Mexican Grill's revenue was up 3.0% on a year-over-year basis. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on CMG. TD Cowen restated a "buy" rating and issued a $58.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, September 19th. Jefferies Financial Group decreased their target price on Chipotle Mexican Grill from $48.00 to $44.00 and set a "hold" rating on the stock in a research note on Monday. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 price target for the company in a research note on Wednesday, September 3rd. Melius assumed coverage on shares of Chipotle Mexican Grill in a report on Monday, July 14th. They set a "hold" rating and a $60.00 price objective for the company. Finally, Raymond James Financial reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $57.86.

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.

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