TD Waterhouse Canada Inc. Buys 6,279 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

TD Waterhouse Canada Inc. boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 128,351 shares of the restaurant operator's stock after purchasing an additional 6,279 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Chipotle Mexican Grill were worth $7,741,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $371,000. Raymond James Financial Inc. acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC increased its stake in Chipotle Mexican Grill by 155.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator's stock valued at $900,000 after purchasing an additional 9,070 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at about $715,000. Finally, Vinva Investment Management Ltd raised its holdings in shares of Chipotle Mexican Grill by 50.6% during the fourth quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator's stock valued at $3,910,000 after purchasing an additional 21,864 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CMG shares. Cfra raised Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and boosted their target price for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Guggenheim lowered their target price on Chipotle Mexican Grill from $56.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. KeyCorp cut their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday. Raymond James decreased their price target on shares of Chipotle Mexican Grill from $72.00 to $69.00 and set an "outperform" rating for the company in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.78.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock traded down $0.31 on Monday, reaching $51.47. 6,672,779 shares of the company traded hands, compared to its average volume of 13,104,733. The company has a 50 day moving average of $50.11 and a 200 day moving average of $56.26. Chipotle Mexican Grill, Inc. has a 52 week low of $44.46 and a 52 week high of $69.26. The firm has a market capitalization of $69.76 billion, a PE ratio of 46.36, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.