Chipotle Mexican Grill Target of Unusually Large Options Trading (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) was the target of unusually large options trading on Wednesday. Stock investors acquired 83,727 call options on the stock. This represents an increase of 1,049% compared to the typical volume of 7,286 call options.

Chipotle Mexican Grill Trading Down 5.3 %

Shares of NYSE CMG opened at $62.38 on Friday. Chipotle Mexican Grill has a twelve month low of $35.37 and a twelve month high of $69.26. The stock has a fifty day simple moving average of $127.58 and a 200-day simple moving average of $77.98. The stock has a market capitalization of $1.71 billion, a PE ratio of 1.33, a PEG ratio of 2.61 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 24th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts predict that Chipotle Mexican Grill will post 55.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. KeyCorp increased their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. BMO Capital Markets increased their price objective on Chipotle Mexican Grill from $48.00 to $57.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. Citigroup increased their price objective on Chipotle Mexican Grill from $67.16 to $67.38 and gave the company a “buy” rating in a report on Thursday, April 25th. Sanford C. Bernstein increased their price objective on Chipotle Mexican Grill from $56.00 to $64.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Raymond James reissued an “outperform” rating and issued a $66.80 price objective (up from $66.00) on shares of Chipotle Mexican Grill 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.17.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 125,450 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.29, for a total value of $7,939,579.96. Following the completion of the sale, the insider now directly owns 54,250 shares in the company, valued at approximately $3,433,417.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Albert S. Baldocchi sold 50,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.32, for a total transaction of $3,166,010.00. Following the completion of the sale, the director now directly owns 1,362,500 shares in the company, valued at approximately $86,273,772.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Roger E. Theodoredis sold 125,450 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.29, for a total value of $7,939,579.96. Following the sale, the insider now owns 54,250 shares of the company’s stock, valued at $3,433,417.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 550,750 shares of company stock worth $35,023,769. 1.02% of the stock is currently owned by company insiders.

Institutional Trading of Chipotle Mexican Grill

A number of institutional investors have recently bought and sold shares of the business. Byrne Asset Management LLC increased its position in Chipotle Mexican Grill by 11.8% in the 1st quarter. Byrne Asset Management LLC now owns 38 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 4 shares during the period. Evermay Wealth Management LLC increased its position in Chipotle Mexican Grill by 1.8% in the 4th quarter. Evermay Wealth Management LLC now owns 231 shares of the restaurant operator’s stock valued at $528,000 after acquiring an additional 4 shares during the period. Peloton Wealth Strategists increased its position in Chipotle Mexican Grill by 0.3% in the 4th quarter. Peloton Wealth Strategists now owns 1,451 shares of the restaurant operator’s stock valued at $3,318,000 after acquiring an additional 4 shares during the period. Hazlett Burt & Watson Inc. increased its position 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 purchasing an additional 4 shares during the period. Finally, Diversified Trust Co increased its position 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 purchasing an additional 4 shares during the period. 91.31% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

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.