TD Private Client Wealth LLC Increases Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

TD Private Client Wealth LLC lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 25.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,888 shares of the restaurant operator’s stock after purchasing an additional 5,054 shares during the quarter. TD Private Client Wealth LLC’s holdings in Chipotle Mexican Grill were worth $1,434,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. RiverPark Advisors LLC boosted its holdings in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 392 shares during the period. Archer Investment Corp bought a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth $25,000. Oliver Lagore Vanvalin Investment Group increased its position in Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 392 shares in the last quarter. Chilton Capital Management LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $27,000. Finally, MCF Advisors LLC increased its position in Chipotle Mexican Grill by 5,525.0% during the 2nd quarter. MCF Advisors LLC now owns 450 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.9 %

NYSE:CMG opened at $66.18 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $44.08 and a 12-month high of $69.26. The firm has a market cap of $90.18 billion, a PE ratio of 61.85, a price-to-earnings-growth ratio of 2.63 and a beta of 1.27. The stock has a fifty day moving average price of $59.86 and a 200 day moving average price of $81.02.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the firm earned $0.23 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 13.0% on a year-over-year basis. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current year.

Insider Activity

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 15,750 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the completion of the sale, the insider now directly owns 457,764 shares of the company’s stock, valued at $26,115,436.20. This represents a 3.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $65.01, for a total value of $286,304.04. Following the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This represents a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Truist Financial boosted their price target on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. TD Cowen upped their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays increased their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Citigroup lowered their price target on Chipotle Mexican Grill from $71.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Loop Capital increased their price target on Chipotle Mexican Grill from $53.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.71.

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.