TD Asset Management Inc. Lowers Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

TD Asset Management Inc. cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 36.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,548,933 shares of the restaurant operator’s stock after selling 901,282 shares during the quarter. TD Asset Management Inc. owned approximately 0.11% of Chipotle Mexican Grill worth $93,401,000 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 CMG. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $31,000. Sound Income Strategies LLC lifted its stake in shares of Chipotle Mexican Grill by 1,110.0% during the 4th quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 555 shares in the last quarter. Truvestments Capital LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter worth $37,000. Financial Life Planners purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth $45,000. Finally, Oakworth Capital Inc. bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $50,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMG. JPMorgan Chase & Co. dropped their price objective on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company cut their price objective on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Evercore ISI boosted their target price on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Cfra raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and raised their target price for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Finally, Loop Capital upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their price target for the stock from $58.00 to $65.00 in a research note on Friday, March 14th. Eight investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Price Performance

CMG stock opened at $49.49 on Wednesday. Chipotle Mexican Grill, Inc. has a 12 month low of $47.55 and a 12 month high of $69.26. The firm’s 50-day moving average is $54.26 and its 200 day moving average is $57.67. The company has a market capitalization of $67.08 billion, a PE ratio of 44.58, a P/E/G ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.