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

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) saw unusually large options trading on Thursday. Stock traders bought 77,162 call options on the company. This is an increase of approximately 47% compared to the typical daily volume of 52,331 call options.

Insiders Place Their Bets

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the transaction, the insider now owns 109,815 shares in the company, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chipotle Mexican Grill

Several hedge funds have recently modified their holdings of CMG. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $25,000. Saudi Central Bank acquired a new position in Chipotle Mexican Grill during the first quarter valued at $27,000. HighMark Wealth Management LLC raised its position in Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after buying an additional 371 shares during the period. North Capital Inc. acquired a new position in Chipotle Mexican Grill during the first quarter valued at $30,000. Finally, Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at $31,000. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMG has been the subject of a number of analyst reports. Stephens restated an "equal weight" rating and set a $49.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Royal Bank of Canada reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Piper Sandler reduced their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Robert W. Baird reduced their price objective on Chipotle Mexican Grill from $62.00 to $56.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Nine analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.60.

Chipotle Mexican Grill Stock Down 0.1%

Shares of NYSE CMG traded down $0.03 during mid-day trading on Friday, hitting $52.57. 9,385,281 shares of the company traded hands, compared to its average volume of 13,481,622. Chipotle Mexican Grill has a 1 year low of $44.46 and a 1 year high of $69.26. The stock has a market capitalization of $70.83 billion, a price-to-earnings ratio of 47.35, a PEG ratio of 2.04 and a beta of 1.06. The business has a 50 day moving average of $50.12 and a two-hundred day moving average of $54.68.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the business posted $13.37 earnings per share. Chipotle Mexican Grill's revenue was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Chipotle Mexican Grill will post 1.29 EPS for the current year.

About Chipotle Mexican Grill

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.