Dimensional Fund Advisors LP Boosts Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Dimensional Fund Advisors LP lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5,583.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,043,441 shares of the restaurant operator’s stock after buying an additional 4,954,696 shares during the period. Dimensional Fund Advisors LP’s holdings in Chipotle Mexican Grill were worth $315,966,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CMG. Swedbank AB purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $53,979,000. Transform Wealth LLC grew its stake in Chipotle Mexican Grill by 4,760.7% in the second quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock worth $597,000 after purchasing an additional 9,331 shares during the period. First Hawaiian Bank raised its holdings in Chipotle Mexican Grill by 4,731.0% in the second quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock worth $1,074,000 after purchasing an additional 16,795 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in Chipotle Mexican Grill by 4,747.7% during the second quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock valued at $1,279,000 after buying an additional 19,988 shares during the period. Finally, MJP Associates Inc. ADV boosted its holdings in shares of Chipotle Mexican Grill by 5,588.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator’s stock valued at $802,000 after buying an additional 12,573 shares in the last quarter. 91.31% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Robin S. Hickenlooper sold 1,790 shares of Chipotle Mexican Grill stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at $2,340,333.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The disclosure for this sale can be found here. Insiders sold a total of 34,934 shares of company stock valued at $1,918,589 in the last 90 days. Company insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CMG shares. Barclays decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Stifel Nicolaus reiterated a “buy” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 14th. Citigroup cut their price target on Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. TD Cowen reiterated a “buy” rating and set a $65.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. raised their price target on Chipotle Mexican Grill from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $62.36.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $57.66 on Tuesday. Chipotle Mexican Grill, Inc. has a 52-week low of $35.37 and a 52-week high of $69.26. The stock has a market capitalization of $79.19 billion, a price-to-earnings ratio of 61.34, a PEG ratio of 2.33 and a beta of 1.25. The stock’s 50-day simple moving average is $54.26 and its two-hundred day simple moving average is $81.12.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the business posted $12.65 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current fiscal 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.