TD Asset Management Inc. trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,192 shares of the restaurant operator’s stock after selling 1,088 shares during the quarter. TD Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $2,830,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Korea Investment CORP increased its holdings in shares of Chipotle Mexican Grill by 140.2% in the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after purchasing an additional 157 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Chipotle Mexican Grill by 15.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after acquiring an additional 55 shares during the last quarter. First Interstate Bank increased its stake in Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after acquiring an additional 250 shares during the last quarter. Mercer Capital Advisers Inc. bought a new stake in Chipotle Mexican Grill during the third quarter worth approximately $183,000. Finally, CIBC World Markets Inc. bought a new stake in Chipotle Mexican Grill during the second quarter worth approximately $205,000. 88.69% of the stock is currently owned by hedge funds and other institutional investors.
Chipotle Mexican Grill, Inc. (CMG) opened at $315.90 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $263.00 and a 12-month high of $499.00. The stock has a market capitalization of $8,855.25, a price-to-earnings ratio of 54.08, a P/E/G ratio of 2.70 and a beta of 0.49.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.91). The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. Chipotle Mexican Grill’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. research analysts anticipate that Chipotle Mexican Grill, Inc. will post 6.63 EPS for the current year.
Several equities research analysts have weighed in on the company. Bank of America cut Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $390.00 to $285.00 in a research note on Wednesday, October 18th. Deutsche Bank set a $250.00 target price on Chipotle Mexican Grill and gave the company a “sell” rating in a research report on Wednesday, October 18th. Barclays dropped their target price on Chipotle Mexican Grill from $370.00 to $325.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. Nomura dropped their target price on Chipotle Mexican Grill to $338.00 and set a “neutral” rating for the company in a research report on Thursday, October 19th. Finally, SunTrust Banks set a $390.00 target price on Chipotle Mexican Grill and gave the company a “buy” rating in a research report on Thursday, October 19th. Seven equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $355.69.
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About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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