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

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) saw some unusual options trading activity on Tuesday. Stock traders acquired 140,303 call options on the company. This represents an increase of approximately 146% compared to the typical daily volume of 57,088 call options.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $55.48 on Tuesday. The business's 50-day simple moving average is $52.16 and its two-hundred day simple moving average is $53.23. The company has a market cap of $74.75 billion, a PE ratio of 49.10, a PEG ratio of 2.83 and a beta of 1.08. Chipotle Mexican Grill has a fifty-two week low of $44.46 and a fifty-two week high of $66.74.

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

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.02% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Revolve Wealth Partners LLC raised its holdings in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of Chipotle Mexican Grill by 22.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock worth $91,571,000 after buying an additional 279,267 shares during the period. Proficio Capital Partners LLC raised its stake in shares of Chipotle Mexican Grill by 100.5% during the 4th quarter. Proficio Capital Partners LLC now owns 6,998 shares of the restaurant operator's stock worth $422,000 after buying an additional 3,507 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $366,000. Finally, Mesirow Financial Investment Management Inc. raised its stake in shares of Chipotle Mexican Grill by 12.4% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 4,721 shares of the restaurant operator's stock worth $285,000 after buying an additional 521 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on CMG shares. Wells Fargo & Company decreased their target price on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada decreased their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Evercore ISI decreased their price target on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Morgan Stanley decreased their price target on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, KeyCorp decreased their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Nine investment 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 an average rating of "Moderate Buy" and an average target price of $60.93.

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.

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