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

Chipotle Mexican Grill, Inc. (NYSE:CMG) saw some unusual options trading on Wednesday. Stock investors purchased 83,727 call options on the stock. This is an increase of approximately 1,049% compared to the typical daily volume of 7,286 call options.

Analysts Set New Price Targets

Several equities analysts have weighed in on CMG shares. Raymond James restated an “outperform” rating and set a $66.80 price target (up previously from $66.00) on shares of Chipotle Mexican Grill in a report on Thursday, April 25th. Argus lifted their target price on Chipotle Mexican Grill from $73.36 to $77.76 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Stephens lifted their target price on Chipotle Mexican Grill from $60.20 to $61.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. KeyCorp lifted their target price on Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Finally, Barclays lifted their target price on Chipotle Mexican Grill from $48.00 to $57.30 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $64.02.

Chipotle Mexican Grill Trading Down 98.0 %

CMG opened at $65.85 on Thursday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 1.41, a PEG ratio of 2.61 and a beta of 1.25. Chipotle Mexican Grill has a 12 month low of $35.37 and a 12 month high of $69.26. The stock has a fifty day moving average price of $127.42 and a 200-day moving average price of $78.06.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. On average, equities research analysts forecast that Chipotle Mexican Grill will post 55.31 EPS for the current year.

Insider Activity at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 125,450 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $63.29, for a total transaction of $7,939,579.96. Following the sale, the insider now owns 54,250 shares of the company’s stock, valued at approximately $3,433,417.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 125,450 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $63.29, for a total transaction of $7,939,579.96. Following the completion of the transaction, the insider now owns 54,250 shares in the company, valued at approximately $3,433,417.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Scott Boatwright sold 55,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.80, for a total value of $3,509,176.00. Following the transaction, the chief operating officer now owns 120,600 shares of the company’s stock, valued at approximately $7,694,665.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 550,750 shares of company stock valued at $35,023,769. 1.02% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Byrne Asset Management LLC grew its stake in Chipotle Mexican Grill by 11.8% during the 1st quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock worth $110,000 after buying an additional 4 shares during the last quarter. Evermay Wealth Management LLC grew its stake in Chipotle Mexican Grill by 1.8% during the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock worth $528,000 after buying an additional 4 shares during the last quarter. Peloton Wealth Strategists grew its stake in Chipotle Mexican Grill by 0.3% during the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock worth $3,318,000 after buying an additional 4 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in Chipotle Mexican Grill by 19.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 25 shares of the restaurant operator’s stock worth $73,000 after buying an additional 4 shares during the last quarter. Finally, Diversified Trust Co grew its stake in Chipotle Mexican Grill by 0.9% during the 1st quarter. Diversified Trust Co now owns 474 shares of the restaurant operator’s stock worth $1,378,000 after buying an additional 4 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Chipotle Mexican Grill Company Profile

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.