Lombard Odier Asset Management Europe Ltd Decreases Stake in Chipotle Mexican Grill, Inc. $CMG

Lombard Odier Asset Management Europe Ltd lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 35.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 329,452 shares of the restaurant operator’s stock after selling 181,443 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Chipotle Mexican Grill were worth $12,190,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Vanguard Group Inc. lifted its holdings in Chipotle Mexican Grill by 14.8% in the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after purchasing an additional 18,660,882 shares in the last quarter. Capital World Investors boosted its holdings in shares of Chipotle Mexican Grill by 15.8% during the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after purchasing an additional 13,843,222 shares during the last quarter. Capital International Investors grew its position in shares of Chipotle Mexican Grill by 17.7% in the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock valued at $1,675,895,000 after purchasing an additional 6,796,285 shares during the period. Norges Bank acquired a new stake in Chipotle Mexican Grill in the 4th quarter worth about $711,837,000. Finally, Clearbridge Investments LLC grew its holdings in Chipotle Mexican Grill by 206.4% in the 4th quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock valued at $520,300,000 after buying an additional 9,473,120 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Guggenheim cut their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings cut shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Finally, Morgan Stanley set a $37.00 price objective on shares of Chipotle Mexican Grill and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Twenty-four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $45.48.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $32.66 on Wednesday. The firm has a market cap of $41.90 billion, a P/E 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 twelve month low of $28.03 and a twelve month high of $58.42. The firm’s 50-day simple moving average is $32.73 and its 200-day simple moving average is $35.20.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $3.09 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 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.