Lombard Odier Asset Management Europe Ltd Purchases Shares of 163,000 Chipotle Mexican Grill, Inc. $CMG

Key Points

• Lombard Odier Asset Management Europe acquired 163,000 Chipotle shares worth approximately $5.54 million during the second quarter. Institutional investors and hedge funds collectively own 91.30% of the company.
• Chipotle reported quarterly EPS of $0.33 and revenue of $3.35 billion, narrowly surpassing analyst expectations; revenue increased 9.3% year over year.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $43.84, while shares recently opened at $38.08.

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

Several other large investors also recently modified their holdings of CMG. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at $25,000. MV Capital Management Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter worth $26,000. Osbon Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the fourth quarter worth $28,000. Meeder Asset Management Inc. acquired a new stake in Chipotle Mexican Grill in the second quarter worth $27,000. Finally, Kelleher Financial Advisors bought a new stake in Chipotle Mexican Grill in the second quarter valued at $28,000. Institutional investors and hedge funds own 91.30% of the company's stock.

Insider Activity at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction on 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 owned 21,415 shares in the company, valued at approximately $765,586.25. This represents a 11.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Stock Up 2.3%

Shares of NYSE CMG opened at $38.08 on Friday. The stock's 50 day moving average price is $34.33 and its 200-day moving average price is $33.94. The company has a market capitalization of $48.19 billion, a PE ratio of 34.94, a PEG ratio of 2.37 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $42.81.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CMG. Raymond James Financial reiterated an "outperform" rating and set a $42.50 price objective on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Stephens restated a "positive" rating and issued a $40.00 target price (up from $36.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Mizuho upped their price target on Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, July 13th. Finally, Argus upped their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Twenty-three research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.84.

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.

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