Chipotle Mexican Grill, Inc. $CMG Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 45.0% in the 1st quarter, HoldingsChannel reports. The institutional investor 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 reporting period.

A number of other large investors have also recently added to or reduced their stakes in CMG. Norges Bank purchased a new position in Chipotle Mexican Grill during the fourth quarter worth $711,837,000. Focus Partners Advisor Solutions LLC boosted its stake in shares of Chipotle Mexican Grill by 156.9% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock valued at $2,156,000 after acquiring an additional 35,589 shares during the last quarter. Marsico Capital Management LLC increased its position in Chipotle Mexican Grill by 234.4% during the 4th quarter. Marsico Capital Management LLC now owns 380,677 shares of the restaurant operator’s stock worth $14,085,000 after purchasing an additional 266,835 shares in the last quarter. BW Gestao de Investimentos Ltda. acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at about $2,890,000. Finally, US Bancorp DE lifted its holdings in Chipotle Mexican Grill by 33.4% in the 4th quarter. US Bancorp DE now owns 649,041 shares of the restaurant operator’s stock valued at $24,015,000 after purchasing an additional 162,392 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 0.2%

Chipotle Mexican Grill stock opened at $37.31 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $44.27. The stock has a market cap of $47.86 billion, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. The stock has a 50 day moving average of $32.85 and a 200-day moving average of $34.58.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Key Stories Impacting Chipotle Mexican Grill

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Chipotle reported second-quarter adjusted EPS of $0.33, slightly above the $0.32 consensus, while revenue rose 9.3% year over year to $3.35 billion, broadly ahead of expectations. Chipotle Mexican Grill Stock Rallies as Q2 Results Top Fears, Guidance Rises
• Positive Sentiment: Comparable restaurant sales increased 2.2%, supported by improving customer traffic, menu innovation, digital engagement and restaurant expansion. Management raised its full-year comparable-sales outlook, signaling confidence that momentum is continuing. Chipotle shares rise on quarterly earnings beat, raised outlook
• Positive Sentiment: Analysts remained constructive following the results. DA Davidson raised its price target to $50 and maintained a Buy rating, while BTIG, TD Cowen and Mizuho also retained positive recommendations; Mizuho lifted its target to $43.
• Neutral Sentiment: Unusually heavy call-option activity and multiple price-target revisions indicate heightened investor interest, but these signals can also contribute to short-term volatility rather than establish a lasting trend.
• Negative Sentiment: Management said sales softened late in July amid consumer concerns about a cyclospora outbreak, although Chipotle stated it was not involved in the outbreak. The traffic disruption has raised questions about the durability of the recovery. Chipotle lifts its sales forecast even as a lettuce-linked outbreak slows foot traffic
• Negative Sentiment: Investors also remain concerned about labor and other operating costs pressuring margins. Piper Sandler lowered its target to $39 and Morgan Stanley and Stephens kept more cautious equal-weight ratings, limiting the stock’s upside after its sharp earnings-related advance.

Analyst Ratings Changes

A number of research firms have recently weighed in on CMG. Barclays cut their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. TD Cowen reissued a “buy” rating and issued a $44.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday. BNP Paribas Exane raised their target price on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Evercore reiterated an “outperform” rating and set a $47.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday. Finally, Morgan Stanley upped their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday. Twenty-four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.98.

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.