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

Key Points

• Dimensional Fund Advisors LP increased its holdings in Chipotle Mexican Grill by 1.6%, owning approximately 5.8 million shares valued at $292.37 million as of its latest SEC filing.
• Several hedge funds have adjusted their positions in Chipotle, with notable increases from Goldman Sachs Group Inc. (98.1% increase) and UBS AM (24.3% increase) during the recent quarters.
• Analysts have mixed opinions on Chipotle, with recent upgrades from firms like Piper Sandler and BMO Capital Markets, while others lowered their price targets, reflecting a consensus rating of "Moderate Buy" with an average price target of approximately $60.22.

Dimensional Fund Advisors LP grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 1.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,823,892 shares of the restaurant operator's stock after purchasing an additional 91,988 shares during the period. Dimensional Fund Advisors LP owned approximately 0.43% of Chipotle Mexican Grill worth $292,370,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Chipotle Mexican Grill by 1.3% during the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock valued at $6,148,884,000 after purchasing an additional 1,597,287 shares during the period. Northern Trust Corp raised its stake in shares of Chipotle Mexican Grill by 11.1% during the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after purchasing an additional 1,438,860 shares during the period. Nuveen LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at approximately $535,023,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Chipotle Mexican Grill by 24.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock valued at $619,743,000 after purchasing an additional 2,006,338 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Chipotle Mexican Grill by 98.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock valued at $497,105,000 after purchasing an additional 4,903,969 shares during the period. Hedge funds and other institutional investors own 91.31% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CMG shares. Piper Sandler upgraded shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $53.00 to $50.00 in a research note on Tuesday, August 12th. Royal Bank Of Canada dropped their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $56.00 to $65.00 in a research note on Friday, July 18th. Barclays dropped their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. Finally, Evercore ISI dropped their price target on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.22.

Insider Activity

In related news, insider Roger E. Theodoredis sold 113,875 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the completion of the sale, the insider owned 109,815 shares of the company's stock, valued at $5,457,805.50. This represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $44.04 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $41.18 and a 1 year high of $66.74. The company has a market cap of $59.05 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. The firm has a fifty day moving average of $50.37 and a 200-day moving average of $51.10.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.

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