TD Asset Management Inc Buys 1,593,577 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

TD Asset Management Inc raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,011.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,633,300 shares of the restaurant operator’s stock after purchasing an additional 1,593,577 shares during the period. TD Asset Management Inc’s holdings in Chipotle Mexican Grill were worth $102,326,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CMG. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Chipotle Mexican Grill during the second quarter valued at about $25,000. Riverview Trust Co boosted its stake in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. Riverview Trust Co now owns 400 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 392 shares during the period. RiverPark Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 4,900.0% in the second quarter. RiverPark Advisors LLC now owns 400 shares of the restaurant operator’s stock worth $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 second quarter worth about $25,000. Finally, Chilton Capital Management LLC bought a new position in shares of Chipotle Mexican Grill in the second quarter worth about $27,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $53.03 on Friday. The stock’s 50 day simple moving average is $55.13 and its two-hundred day simple moving average is $80.59. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26. The company has a market cap of $72.83 billion, a PE ratio of 56.41, a price-to-earnings-growth ratio of 2.34 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business posted $12.65 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CMG shares. StockNews.com lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th. TD Cowen dropped their price objective on Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Raymond James dropped their price objective on Chipotle Mexican Grill from $70.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Loop Capital dropped their price objective on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Thursday, July 25th. Finally, Evercore ISI dropped their price objective on Chipotle Mexican Grill from $65.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.36.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the sale, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.02% of the stock is currently owned by company insiders.

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.