Lombard Odier Asset Management Europe Ltd Takes $5.54 Million Position in Chipotle Mexican Grill, Inc. $CMG

Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 163,000 shares of the restaurant operator’s stock, valued at approximately $5,542,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CMG. EP Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill during the second quarter valued at $948,000. Callan Family Office LLC bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $1,406,000. Norges Bank acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at $711,837,000. Focus Partners Advisor Solutions LLC raised its holdings in Chipotle Mexican Grill by 156.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock worth $2,156,000 after acquiring an additional 35,589 shares during the period. Finally, PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in Chipotle Mexican Grill by 40.2% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator’s stock worth $9,138,000 after acquiring an additional 77,002 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the transaction, the insider directly owned 21,415 shares in the company, valued at approximately $765,586.25. The trade was a 11.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the subject of several research analyst reports. DA Davidson boosted their price objective on Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. BTIG Research reaffirmed a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, August 5th. Robert W. Baird reaffirmed a “neutral” rating and issued a $40.00 target price (down from $44.00) on shares of Chipotle Mexican Grill in a report on Monday, August 24th. Argus raised their price objective on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Piper Sandler cut their target price on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Twenty-three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $43.84.

Chipotle Mexican Grill Stock Up 2.3%

Shares of CMG stock opened at $38.08 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $42.81. The stock has a 50-day moving average price of $34.33 and a 200 day moving average price of $33.94. The firm has a market cap of $48.19 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.37 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. Chipotle Mexican Grill’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

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.