Dimensional Fund Advisors LP Purchases 402,191 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Dimensional Fund Advisors LP increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,731,904 shares of the restaurant operator's stock after acquiring an additional 402,191 shares during the period. Dimensional Fund Advisors LP owned approximately 0.42% of Chipotle Mexican Grill worth $345,633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ethos Financial Group LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $31,000. Sound Income Strategies LLC grew its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator's stock valued at $36,000 after buying an additional 555 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $38,000. Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Finally, Oakworth Capital Inc. bought a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent research reports. Cfra raised Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and raised their price objective for the stock from $59.00 to $73.00 in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. TD Securities decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $57.00 and set a "buy" rating for the company in a research note on Thursday. Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Stephens reduced their price target on shares of Chipotle Mexican Grill from $54.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $61.96.

Chipotle Mexican Grill Stock Up 4.8 %

Shares of CMG traded up $2.39 during mid-day trading on Friday, reaching $51.93. The company's stock had a trading volume of 26,637,701 shares, compared to its average volume of 13,565,943. The company has a market cap of $70.38 billion, a price-to-earnings ratio of 46.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26. The business has a fifty day moving average of $50.16 and a 200 day moving average of $56.33.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

About Chipotle Mexican Grill

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.