What’s Chipotle Mexican Grill, Inc. Upside After Today’s Bullish Options Activity?

 What's Chipotle Mexican Grill, Inc. Upside After Today's Bullish Options Activity?

In today’s session Chipotle Mexican Grill, Inc. (CMG) registered an unusually high (2,807) 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 2,807 contracts traded and 8374 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CMG161118C00415000 closed last at: $0.05 or 88.9% down. About 107,207 shares traded hands. Chipotle Mexican Grill, Inc. (NYSE:CMG) has declined 9.96% since April 20, 2016 and is downtrending. It has underperformed by 14.52% 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”, 8 “Sell”, while 17 “Hold”. This means 32% are positive. Chipotle Mexican Grill Inc. has been the topic of 116 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Thursday, December 24 by Telsey Advisory Group. The company was maintained on Monday, December 7 by Credit Suisse. Maxim Group maintained the shares of CMG in a report on Wednesday, October 21 with “Hold” rating. The firm has “Outperform” rating by Credit Suisse given on Monday, March 7. Deutsche Bank maintained the stock with “Sell” rating in Wednesday, October 26 report. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, October 21 report. Buckingham Research initiated the stock with “Buy” rating in Thursday, June 16 report. As per Thursday, January 7, the company rating was maintained by Wedbush. The rating was maintained by Cowen & Co on Wednesday, March 16 with “Market Perform”. The rating was downgraded by Guggenheim to “Sell” on Thursday, November 17.

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 0.85 in Q2 2016. Its down 0.16, from 1.01 in 2016Q1. The ratio fall, 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.
Mitsubishi Ufj Tru And Bk Corp accumulated 0.1% or 113,103 shares. The Minnesota-based Stonebridge Advsrs Ltd Limited Liability Company has invested 0.68% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Moreover, Mig Cap Ltd Llc has 4.3% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 49,100 shares. Scout Invests last reported 0.35% of its portfolio in the stock. The Wisconsin-based Winch Advisory Limited Liability Company has invested 0% in Chipotle Mexican Grill, Inc. (NYSE:CMG). First Allied Advisory Services has 2,215 shares for 0.05% of their US portfolio. Whittier Tru Of Nevada has invested 0% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG). Pathstone Family Office Limited Liability Company has 0.01% invested in the company for 20 shares. Daiwa Securities Group Inc reported 4,747 shares or 0.01% of all its holdings. The New York-based Tiaa Cref Invest Mngmt Lc has invested 0.13% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Lpl Ltd Com owns 2,230 shares or 0.01% of their US portfolio. Westpac Banking holds 0% or 8,188 shares in its portfolio. Advsrs Asset Management holds 1,386 shares or 0.01% of its portfolio. Amalgamated Bancorporation has 0.06% invested in the company for 2,545 shares. Moreover, Lba Wealth Management Lc has 0% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 10 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 1 insider sale for $9.25 million net activity. Shares for $9.25M were sold by Ells Steve.

Chipotle Mexican Grill, Inc., together with its subsidiaries operates Chipotle Mexican Grill restaurants. The company has a market cap of $12.09 billion. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls and salads. It has a 168.55 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: Investorplace.com which released: “Chipotle Mexican Grill, Inc. (CMG) Stock Needs MUCH More Than Ackman to Win” on November 21, 2016, also Fool.com with their article: “Why Chipotle Mexican Grill, Inc. Dropped 15% in October” published on November 11, 2016, Investorplace.com published: “When This Analyst Slams Chipotle Mexican Grill, Inc. (CMG), You Should Listen” on November 16, 2016. More interesting news about Chipotle Mexican Grill, Inc. (NYSE:CMG) were released by: Marketwatch.com and their article: “Chipotle rolls out next round of recovery efforts but analysts aren’t biting” published on October 26, 2016 as well as Fool.com‘s news article titled: “Chipotle Mexican Grill, Inc.: Why I’m Selling My Chipotle Stock — and You …” with publication date: October 27, 2016.

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