TD Private Client Wealth LLC Buys 1,715 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

TD Private Client Wealth LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,603 shares of the restaurant operator’s stock after acquiring an additional 1,715 shares during the quarter. TD Private Client Wealth LLC’s holdings in Chipotle Mexican Grill were worth $1,604,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Ballast Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 8.8% in the fourth quarter. Ballast Advisors LLC now owns 23,425 shares of the restaurant operator’s stock worth $1,413,000 after acquiring an additional 1,890 shares during the last quarter. Semanteon Capital Management LP bought a new position in Chipotle Mexican Grill in the 4th quarter valued at approximately $1,423,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Chipotle Mexican Grill by 6.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 415,105 shares of the restaurant operator’s stock valued at $25,027,000 after buying an additional 24,721 shares during the last quarter. Douglass Winthrop Advisors LLC increased its position in Chipotle Mexican Grill by 2,111.7% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 112,799 shares of the restaurant operator’s stock valued at $6,802,000 after purchasing an additional 107,699 shares during the period. Finally, HUB Investment Partners LLC increased its position in Chipotle Mexican Grill by 65.0% during the 4th quarter. HUB Investment Partners LLC now owns 39,759 shares of the restaurant operator’s stock valued at $2,397,000 after purchasing an additional 15,665 shares during the period. Institutional investors own 91.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMG. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their target price on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Barclays reduced their price objective on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $48.52 on Friday. The stock has a market capitalization of $65.76 billion, a price-to-earnings ratio of 43.70, a PEG ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a one year low of $47.55 and a one year high of $69.26. The business’s fifty day moving average is $54.53 and its 200-day moving average is $57.69.

Chipotle Mexican Grill (NYSE:CMG) last released 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 return on equity of 42.92% and a net margin of 13.56%. Research analysts expect 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.