TD Asset Management Inc Sells 28,144 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

TD Asset Management Inc lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 41.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,723 shares of the restaurant operator’s stock after selling 28,144 shares during the quarter. TD Asset Management Inc’s holdings in Chipotle Mexican Grill were worth $115,466,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Steph & Co. bought a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $29,000. Fortitude Family Office LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $32,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at $37,000. ICA Group Wealth Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $37,000. Finally, Keener Financial Planning LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG stock traded down $2.29 during mid-day trading on Thursday, hitting $53.00. 16,371,723 shares of the company were exchanged, compared to its average volume of 13,742,699. Chipotle Mexican Grill, Inc. has a 1-year low of $35.37 and a 1-year high of $69.26. The firm’s 50 day simple moving average is $126.99 and its 200 day simple moving average is $79.40. The firm has a market cap of $72.79 billion, a P/E ratio of 57.28, a P/E/G ratio of 2.30 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a return on equity of 43.74%. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CMG shares. Morgan Stanley boosted their price target on shares of Chipotle Mexican Grill from $59.72 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Wells Fargo & Company increased their price target on Chipotle Mexican Grill from $65.70 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Robert W. Baird raised their price target on Chipotle Mexican Grill from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. KeyCorp reduced their price objective on Chipotle Mexican Grill from $3,400.00 to $68.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, Wedbush restated a “neutral” rating and issued a $64.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, June 17th. Nine investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $180.51.

Insider Activity

In related news, Director Albert S. Baldocchi sold 50,000 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the completion of the transaction, the director now directly owns 1,362,500 shares in the company, valued at $86,273,772.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, COO Scott Boatwright sold 55,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.80, for a total value of $3,509,176.00. Following the completion of the transaction, the chief operating officer now directly owns 120,600 shares of the company’s stock, valued at $7,694,665.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Albert S. Baldocchi sold 50,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the completion of the sale, the director now owns 1,362,500 shares of the company’s stock, valued at approximately $86,273,772.50. The disclosure for this sale can be found here. Insiders have sold a total of 550,750 shares of company stock worth $35,023,769 over the last three months. Corporate insiders own 1.02% of the company’s stock.

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.