Investors Buy Large Volume of Call Options on Chipotle Mexican Grill (CMG)
Chipotle Mexican Grill, Inc. (NYSE:CMG) saw unusually large options trading on Thursday. Stock traders acquired 16,859 call options on the company. This represents an increase of approximately 106% compared to the average daily volume of 8,191 call options.
A number of equities research analysts have recently weighed in on the company. Credit Suisse Group restated a “neutral” rating and set a $320.00 target price (down previously from $335.00) on shares of Chipotle Mexican Grill in a research report on Friday. Standpoint Research upgraded Chipotle Mexican Grill from an “underperform” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies reiterated an “overweight” rating and issued a $510.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday. William Blair reiterated a “buy” rating on shares of Chipotle Mexican Grill in a report on Thursday. Finally, Stephens upgraded Chipotle Mexican Grill from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $350.00 to $325.00 in a report on Thursday. Five analysts have rated the stock with a sell rating, twenty-five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill has an average rating of “Hold” and a consensus price target of $402.27.
Chipotle Mexican Grill (NYSE CMG) opened at 308.79 on Friday. The stock’s 50 day moving average price is $346.84 and its 200-day moving average price is $419.75. Chipotle Mexican Grill has a 52 week low of $296.00 and a 52 week high of $499.00. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 66.38 and a beta of 0.62.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. On average, equities research analysts forecast that Chipotle Mexican Grill will post $7.67 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Chipotle Mexican Grill by 2.3% in the second quarter. Vanguard Group Inc. now owns 2,783,059 shares of the restaurant operator’s stock valued at $1,158,031,000 after buying an additional 63,636 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock valued at $1,080,155,000 after buying an additional 2,353,372 shares in the last quarter. State Street Corp boosted its stake in shares of Chipotle Mexican Grill by 3.7% in the first quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock valued at $551,348,000 after buying an additional 44,694 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Chipotle Mexican Grill by 59.8% in the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock valued at $234,555,000 after buying an additional 210,872 shares in the last quarter. Finally, Carmignac Gestion boosted its stake in shares of Chipotle Mexican Grill by 162.5% in the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after buying an additional 319,875 shares in the last quarter. Institutional investors own 98.37% of the company’s stock.
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About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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