In today’s session Chipotle Mexican Grill, Inc. (CMG) registered an unusually high (256) 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 256 contracts traded and 6344 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CMG161118C00410000 closed last at: $1.05 or 90.9% up. About 579,033 shares traded hands. Chipotle Mexican Grill, Inc. (NYSE:CMG) has declined 20.07% since April 5, 2016 and is downtrending. It has underperformed by 22.02% the S&P500.
Chipotle Mexican Grill, Inc. (NYSE:CMG) Ratings Coverage
Out of 37 analysts covering Chipotle Mexican Grill Inc. (NYSE:CMG), 12 rate it a “Buy”, 7 “Sell”, while 18 “Hold”. This means 32% are positive. $850 is the highest target while $23 is the lowest. The $481.57 average target is 26.57% above today’s ($380.49) stock price. Chipotle Mexican Grill Inc. has been the topic of 115 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, January 6 by Telsey Advisory Group. The stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) has “Neutral” rating given on Thursday, June 23 by Goldman Sachs. The firm earned “Neutral” rating on Wednesday, September 7 by Robert W. Baird. SunTrust maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) rating on Wednesday, March 16. SunTrust has “Buy” rating and $550 price target. The firm has “Neutral” rating given on Monday, December 7 by UBS. Credit Agricole initiated Chipotle Mexican Grill, Inc. (NYSE:CMG) on Wednesday, December 9 with “Buy” rating. Telsey Advisory Group initiated Chipotle Mexican Grill, Inc. (NYSE:CMG) rating on Tuesday, September 29. Telsey Advisory Group has “Market Perform” rating and $800 price target. On Tuesday, July 26 the stock rating was downgraded by Stifel Nicolaus to “Sell”. The firm has “Neutral” rating by Sterne Agee CRT given on Monday, November 23. The firm has “Sell” rating given on Wednesday, October 26 by Deutsche Bank.
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 2016 Q2. Its down 0.21, from 1.22 in 2016Q1. The ratio is negative, 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.
Farmers Merchants Investments Inc holds 0% or 8 shares in its portfolio. Glenmede Na holds 1,419 shares or 0% of its portfolio. Hudson Bay Cap Mngmt Lp holds 0.12% or 9,306 shares in its portfolio. Capstone Asset Management last reported 3,177 shares in the company. Evercore Wealth Mngmt Ltd Limited Liability Company owns 225 shares or 0% of their US portfolio. Everpoint Asset Mngmt Limited Company, a Connecticut-based fund reported 7,006 shares. Brown Advisory holds 0.01% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 6,503 shares. Blackrock Grp Inc Limited reported 304,345 shares or 0.06% of all its holdings. Lba Wealth Limited Liability, a Florida-based fund reported 10 shares. Advisory Services last reported 0.01% of its portfolio in the stock. Shinko Asset Com has 0.02% invested in the company for 5,763 shares. Brown Brothers Harriman And accumulated 0% or 59 shares. Public Sector Pension Invest Board last reported 8,061 shares in the company. California Public Employees Retirement Systems holds 0.04% or 68,000 shares in its portfolio. Winslow Evans & Crocker Inc holds 10 shares or 0% of its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 1 insider sale for $9.25 million net activity. The insider Ells Steve sold $9.25M.
Chipotle Mexican Grill, Inc., together with its subsidiaries operates Chipotle Mexican Grill restaurants. The company has a market cap of $11.01 billion. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls and salads. It has a 157 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: “Chipotle Mexican Grill, Inc. Suffers From Huge Investor Mistrust” on October 31, 2016, also Fool.com with their article: “Chipotle Mexican Grill, Inc.: Why I’m Selling My Chipotle Stock — and You …” published on October 27, 2016, Marketwatch.com published: “Chipotle rolls out next round of recovery efforts but analysts aren’t biting” on October 26, 2016. More interesting news about Chipotle Mexican Grill, Inc. (NYSE:CMG) were released by: Seekingalpha.com and their article: “Chipotle Could Go Much Lower Than Expected” published on November 07, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Chipotle Mexican Grill, Inc., 60.0% Follow-Through …” with publication date: October 25, 2016.
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