Chipotle Mexican Grill Target of Unusually High Options Trading (CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) saw unusually large options trading activity on Tuesday. Stock investors purchased 2,690 call options on the stock. This represents an increase of 184% compared to the average volume of 946 call options.

Shares of Chipotle Mexican Grill (NYSE CMG) traded down 6.24% on Tuesday, reaching $430.27. The company’s stock had a trading volume of 2,081,249 shares. Chipotle Mexican Grill has a 1-year low of $352.96 and a 1-year high of $499.00. The company has a 50 day moving average of $475.36 and a 200 day moving average of $431.76. The stock has a market capitalization of $12.33 billion, a P/E ratio of 133.09 and a beta of 0.56.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.32. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. Chipotle Mexican Grill’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.88) earnings per share. Equities research analysts expect that Chipotle Mexican Grill will post $8.43 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Discovery Capital Management LLC CT purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at $95,773,000. Norges Bank purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at $105,799,000. Nationwide Fund Advisors raised its stake in Chipotle Mexican Grill by 1.4% in the first quarter. Nationwide Fund Advisors now owns 8,077 shares of the restaurant operator’s stock valued at $3,598,000 after buying an additional 112 shares during the period. Scout Investments Inc. purchased a new stake in Chipotle Mexican Grill during the first quarter valued at $12,331,000. Finally, Wellington Management Group LLP raised its stake in Chipotle Mexican Grill by 46.3% in the first quarter. Wellington Management Group LLP now owns 308,697 shares of the restaurant operator’s stock valued at $137,530,000 after buying an additional 97,750 shares during the period. 95.55% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on CMG. Credit Suisse Group reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a report on Tuesday. Canaccord Genuity reiterated a “hold” rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday. Instinet reiterated a “neutral” rating and set a $480.00 target price (down from $510.00) on shares of Chipotle Mexican Grill in a report on Tuesday. BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a report on Tuesday. Finally, Maxim Group reiterated a “hold” rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Chipotle Mexican Grill presently has an average rating of “Hold” and an average price target of $452.35.

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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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