Lombard Odier Asset Management Europe Ltd Sells 148,405 Shares of Chipotle Mexican Grill, Inc. $CMG

Lombard Odier Asset Management Europe Ltd lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 45.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 181,047 shares of the restaurant operator’s stock after selling 148,405 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Chipotle Mexican Grill were worth $5,795,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Wealth Watch Advisors INC purchased a new position in Chipotle Mexican Grill during the third quarter worth $25,000. MV Capital Management Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter valued at $26,000. Osbon Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $28,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at $28,000. Finally, Ankerstar Wealth LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $33,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.7%

NYSE CMG opened at $31.79 on Friday. The stock has a market cap of $40.78 billion, a PE ratio of 29.17, a PEG ratio of 2.08 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $47.18. The company’s 50-day moving average price is $32.62 and its 200-day moving average price is $34.74.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barclays dropped their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $38.00 to $35.00 in a research note on Friday, June 5th. Stephens boosted their target price on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Piper Sandler cut their target price on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Morgan Stanley set a $37.00 price target on Chipotle Mexican Grill and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.86.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.