Lombard Odier Asset Management Europe Ltd Sells 181,443 Shares of Chipotle Mexican Grill, Inc. $CMG

Lombard Odier Asset Management Europe Ltd cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 35.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 329,452 shares of the restaurant operator’s stock after selling 181,443 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Chipotle Mexican Grill were worth $12,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth $25,000. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at about $25,000. Winthrop Capital Management LLC bought a new position in Chipotle Mexican Grill during the third quarter worth about $31,000. Ankerstar Wealth LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $33,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Chipotle Mexican Grill in the 4th quarter worth about $34,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 0.2%

CMG stock opened at $32.66 on Wednesday. The firm has a market cap of $41.90 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 2.11 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $58.42. The stock has a 50-day moving average price of $32.73 and a 200-day moving average price of $35.20.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of analyst reports. BTIG Research restated a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, May 5th. BNP Paribas Exane boosted their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Finally, Piper Sandler lowered their price target on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Twenty-four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.48.

Chipotle Mexican Grill Profile

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.