Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.5% during the fourth quarter, HoldingsChannel reports. The firm owned 5,731,904 shares of the restaurant operator’s stock after buying an additional 402,191 shares during the period. Dimensional Fund Advisors LP’s holdings in Chipotle Mexican Grill were worth $345,633,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CMG. Golden State Wealth Management LLC acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $371,000. Raymond James Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $315,220,000. U.S. Capital Wealth Advisors LLC grew its position in Chipotle Mexican Grill by 155.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,918 shares of the restaurant operator’s stock valued at $900,000 after buying an additional 9,070 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $715,000. Finally, Vinva Investment Management Ltd raised its position in Chipotle Mexican Grill by 50.6% during the 4th quarter. Vinva Investment Management Ltd now owns 65,069 shares of the restaurant operator’s stock worth $3,910,000 after buying an additional 21,864 shares during the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $48.13 on Monday. The firm has a market cap of $65.24 billion, a PE ratio of 43.36, a P/E/G ratio of 2.04 and a beta of 1.27. The firm has a 50 day simple moving average of $50.92 and a 200-day simple moving average of $56.57. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share 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%. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CMG shares. Oppenheimer increased their price target on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Piper Sandler reduced their price target on Chipotle Mexican Grill from $60.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their price target on Chipotle Mexican Grill from $64.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Raymond James cut their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Finally, Robert W. Baird decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $65.42.

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.