Chipotle Mexican Grill Sees Unusually High Options Volume (CMG)
Shares of Chipotle Mexican Grill (NYSE:CMG) were the target of some unusual options trading on Monday. Stock investors acquired 4,932 put options on the company, StockRatingsNetwork.com reports. This is an increase of 101% compared to the average daily volume of 2,453 put options.
CMG has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, June 25th. They now have a $575.00 price target on the stock, up previously from $550.00. Separately, analysts at Raymond James raised their price target on shares of Chipotle Mexican Grill from $560.00 to $625.00 in a research note on Thursday, June 12th. They now have an “outperform” rating on the stock. Finally, analysts at Miller Tabak raised their price target on shares of Chipotle Mexican Grill from $530.00 to $535.00 in a research note on Thursday, May 29th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. Chipotle Mexican Grill currently has an average rating of “Buy” and a consensus price target of $596.08.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 1.62% on Monday, hitting $593.83. The stock had a trading volume of 298,567 shares. Chipotle Mexican Grill has a 1-year low of $372.13 and a 1-year high of $622.90. The stock has a 50-day moving average of $563.7 and a 200-day moving average of $545.8. The company has a market cap of $18.458 billion and a price-to-earnings ratio of 56.63.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, April 17th. The company reported $2.64 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.85 by $0.21. The company had revenue of $904.20 million for the quarter, compared to the consensus estimate of $873.44 million. During the same quarter last year, the company posted $2.45 earnings per share. Chipotle Mexican Grill’s revenue was up 24.4% compared to the same quarter last year. On average, analysts predict that Chipotle Mexican Grill will post $12.58 earnings per share for the current fiscal year.
Chipotle Mexican Grill, Inc (NYSE:CMG) operates Chipotle Mexican Grill restaurants.
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