Toronto Dominion Bank Has $8.33 Million Holdings in Chipotle Mexican Grill, Inc. (CMG)

Toronto Dominion Bank decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,334 shares of the restaurant operator’s stock after selling 1,318 shares during the period. Toronto Dominion Bank’s holdings in Chipotle Mexican Grill were worth $8,331,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Canada Pension Plan Investment Board increased its stake in shares of Chipotle Mexican Grill by 636.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 243 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 210 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 17.1% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 35,254 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 5,142 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $119,000. Dupont Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $123,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $184,000. Hedge funds and other institutional investors own 92.20% of the company’s stock.

Shares of NYSE:CMG opened at $471.26 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $247.51 and a one year high of $530.68. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 71.40, a PEG ratio of 3.12 and a beta of 0.22.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.16. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.47 earnings per share for the current year.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 823,357 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $487.29, for a total value of $401,213,632.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.19% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on CMG shares. Wedbush lowered shares of Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $450.00 to $445.00 in a research note on Monday, August 27th. Bank of America set a $340.00 price target on shares of Chipotle Mexican Grill and gave the stock a “sell” rating in a research note on Friday, October 26th. Royal Bank of Canada upgraded shares of Chipotle Mexican Grill from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $450.00 to $510.00 in a research note on Monday, October 22nd. Barclays raised their price target on shares of Chipotle Mexican Grill from $360.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Friday, October 26th. Finally, Oppenheimer lowered shares of Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and set a $400.00 price target for the company. in a research note on Monday, October 1st. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $431.72.

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About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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