Stock Traders Purchase High Volume of Chipotle Mexican Grill Call Options (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Free Report) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 103,572 call options on the stock. This represents an increase of approximately 105% compared to the average volume of 50,606 call options.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CMG shares. Piper Sandler decreased their target price on shares of Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Citigroup cut their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Royal Bank Of Canada dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, May 29th. Finally, TD Securities restated a “buy” rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Ten investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $60.79.

Get Our Latest Research Report on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Up 1.9%

CMG opened at $53.80 on Tuesday. The company’s 50-day moving average price is $50.72 and its two-hundred day moving average price is $53.78. The stock has a market cap of $72.49 billion, a price-to-earnings ratio of 47.61, a PEG ratio of 2.62 and a beta of 1.06. Chipotle Mexican Grill has a twelve month low of $44.46 and a twelve month high of $66.74.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 43.29% and a net margin of 13.59%. The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the firm posted $13.37 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Chipotle Mexican Grill will post 1.29 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the sale, the insider now directly owns 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

A number of large investors have recently modified their holdings of the company. Maple Capital Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 5.3% in the 1st quarter. Maple Capital Management Inc. now owns 330,664 shares of the restaurant operator’s stock valued at $16,603,000 after purchasing an additional 16,537 shares during the period. 1248 Management LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth $27,000. First Hawaiian Bank raised its stake in shares of Chipotle Mexican Grill by 2.3% in the first quarter. First Hawaiian Bank now owns 42,538 shares of the restaurant operator’s stock worth $2,136,000 after purchasing an additional 960 shares during the last quarter. Modern Wealth Management LLC lifted its holdings in Chipotle Mexican Grill by 8.7% in the first quarter. Modern Wealth Management LLC now owns 6,790 shares of the restaurant operator’s stock valued at $341,000 after acquiring an additional 542 shares during the period. Finally, Strs Ohio bought a new position in Chipotle Mexican Grill in the first quarter valued at about $93,571,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

(Get Free Report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.

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