What’s Propelling Chipotle Mexican Grill, Inc. to Increase So Much?

 What's Propelling Chipotle Mexican Grill, Inc. to Increase So Much?

In today’s session Chipotle Mexican Grill, Inc. (CMG) registered an unusually high (180) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CMG increase. With 180 contracts traded and 654 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CMG161118C00495000 closed last at: $3.5 or 6.1% up. About 168,577 shares traded hands. Chipotle Mexican Grill, Inc. (NYSE:CMG) has declined 18.72% since March 2, 2016 and is downtrending. It has underperformed by 26.98% the S&P500.

Analysts await Chipotle Mexican Grill, Inc. (NYSE:CMG) to report earnings on October, 18. They expect $1.83 earnings per share, down 60.13% or $2.76 from last year’s $4.59 per share. CMG’s profit will be $52.86M for 58.13 P/E if the $1.83 EPS becomes a reality. After $0.87 actual earnings per share reported by Chipotle Mexican Grill, Inc. for the previous quarter, Wall Street now forecasts 110.34% EPS growth.

Chipotle Mexican Grill, Inc. (NYSE:CMG) Ratings Coverage

Out of 36 analysts covering Chipotle Mexican Grill Inc. (NYSE:CMG), 13 rate it a “Buy”, 6 “Sell”, while 17 “Hold”. This means 36% are positive. $850 is the highest target while $23 is the lowest. The $487.68 average target is 14.61% above today’s ($425.5) stock price. Chipotle Mexican Grill Inc. has been the topic of 108 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Wednesday, June 8, the company rating was maintained by Maxim Group. The company was downgraded on Monday, November 23 by Sterne Agee CRT. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) has “Hold” rating given on Tuesday, April 5 by Evercore. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) earned “Sell” rating by Maxim Group on Wednesday, March 16. Cleveland downgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) on Thursday, May 26 to “Neutral” rating. The firm has “Outperform” rating by RBC Capital Markets given on Monday, December 7. The firm earned “Outperform” rating on Wednesday, February 3 by Wells Fargo. On Wednesday, August 26 the stock rating was upgraded by Vetr to “Hold”. The company was maintained on Wednesday, March 16 by SunTrust. Telsey Advisory Group maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) on Friday, July 22 with “Market Perform” rating.

According to Zacks Investment Research, “Chipotle offers a focused menu of burritos, tacos, burrito bols and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere. Through its vision of Food with Integrity, Chipotle is seeking better food not only from a variety of fresh ingredients, but ingredients that are sustainably grown and naturally raised with respect for the animals, the land, and the farmers who produce the food.”

Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.21, from 1.22 in 2016Q1. The ratio dived, as 50 funds sold all Chipotle Mexican Grill, Inc. shares owned while 178 reduced positions. 57 funds bought stakes while 173 increased positions. They now own 27.25 million shares or 11.13% less from 30.66 million shares in 2016Q1.
Wells Fargo And Commerce Mn has 159,513 shares for 0.02% of their US portfolio. Advisors Asset Management holds 0.01% or 1,386 shares in its portfolio. Mig Limited Liability Company owns 49,100 shares or 4.3% of their US portfolio. Mizuho Tru Bk Communications Ltd has 0.07% invested in the company for 55,091 shares. Moreover, First Interstate Bank has 0% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 25 shares. Herndon Cap Mgmt Lc accumulated 3 shares or 0% of the stock. Ent Svcs, a Missouri-based fund reported 18 shares. Next Gru Inc holds 0.02% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 130 shares. Thrivent For Lutherans has invested 0% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG). Sandy Spring Comml Bank has 0.02% invested in the company for 422 shares. Creative Planning accumulated 0.02% or 7,098 shares. Hartford Management last reported 0.06% of its portfolio in the stock. Baillie Gifford Co, a United Kingdom-based fund reported 150,791 shares. Hutchin Hill Limited Partnership holds 0.06% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 4,217 shares. Exxonmobil Investment Tx holds 7,559 shares or 0.06% of its portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 1 insider sale for $9.25 million net activity. Ells Steve also sold $9.25M worth of Chipotle Mexican Grill, Inc. (NYSE:CMG) on Tuesday, May 31.

Chipotle Mexican Grill, Inc., together with its subsidiaries operates Chipotle Mexican Grill restaurants. The company has a market cap of $12.29 billion. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls and salads. It has a 63.05 P/E ratio. The Firm operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.

CMG Company Profile

Chipotle Mexican Grill, Inc., incorporated on January 30, 1998, 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. The Firm operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany. The Company’s restaurants include over 10 ShopHouse Southeast Asian Kitchen restaurants, serving Asian-inspired cuisine. The Firm owned and operated approximately three Pizzeria Locale restaurants, a fast casual pizza concept, resulting in a totaling of approximately 2,010 restaurants. The Firm sells gift cards which do not have an expiration date.

More notable recent Chipotle Mexican Grill, Inc. (NYSE:CMG) news were published by: Fool.com which released: “Better Buy: Chipotle Mexican Grill, Inc. vs. Panera” on September 22, 2016, also Fool.com with their article: “Better Buy: Chipotle Mexican Grill, Inc. vs. Starbucks” published on September 21, 2016, Businesswire.com published: “Chipotle Mexican Grill, Inc. to Announce Third Quarter 2016 Results on October …” on September 28, 2016. More interesting news about Chipotle Mexican Grill, Inc. (NYSE:CMG) were released by: Valuewalk.com and their article: “Chipotle Mexican Grill, Inc (CMG): Pershing Position Creates Excellent Selling …” published on September 07, 2016 as well as Investorplace.com‘s news article titled: “Chipotle Mexican Grill, Inc. Hiring 5000 Employees on Sept. 28” with publication date: September 14, 2016.

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