Toronto Dominion Bank Purchases 140,441 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Toronto Dominion Bank raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 25.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 699,229 shares of the restaurant operator's stock after buying an additional 140,441 shares during the period. Toronto Dominion Bank owned about 0.05% of Chipotle Mexican Grill worth $42,164,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CMG. Norges Bank purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at $1,093,345,000. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $692,701,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Chipotle Mexican Grill by 4,138,574.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock worth $501,620,000 after purchasing an additional 8,318,534 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $315,220,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

CMG stock traded up $0.39 during trading on Friday, hitting $50.12. 14,823,367 shares of the company's stock traded hands, compared to its average volume of 13,497,743. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The business has a fifty day simple moving average of $50.04 and a 200 day simple moving average of $54.92. The stock has a market capitalization of $67.53 billion, a price-to-earnings ratio of 45.15, a P/E/G ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the business earned $13.37 earnings per share. Chipotle Mexican Grill's quarterly revenue was up 6.4% compared to the same quarter last year. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. TD Securities reduced their price objective on Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. UBS Group reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Argus lowered Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Citigroup reduced their price objective on Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a research note on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.60.

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.