Chipotle Mexican Grill Options Trading: A Deep Dive into Market Sentiment

Whales with a lot of money to spend have taken a noticeably bearish stance on Chipotle Mexican Grill.

Looking at options history for Chipotle Mexican Grill CMG we detected 15 trades.

If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 73% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $220,185 and 10, calls, for a total amount of $457,260.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1850.0 to $3500.0 for Chipotle Mexican Grill over the recent three months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Chipotle Mexican Grill's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Chipotle Mexican Grill's whale activity within a strike price range from $1850.0 to $3500.0 in the last 30 days.

Chipotle Mexican Grill Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Chipotle Mexican Grill

Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.

Having examined the options trading patterns of Chipotle Mexican Grill, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Chipotle Mexican Grill

• With a trading volume of 52,251, the price of CMG is up by 25342.14%, reaching $2638.35.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 71 days from now.

Expert Opinions on Chipotle Mexican Grill

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $2749.8.

• An analyst from Wells Fargo has decided to maintain their Overweight rating on Chipotle Mexican Grill, which currently sits at a price target of $2800.
• Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Chipotle Mexican Grill with a target price of $2699.
• An analyst from Stifel has decided to maintain their Buy rating on Chipotle Mexican Grill, which currently sits at a price target of $2700.
• In a cautious move, an analyst from Baird downgraded its rating to Outperform, setting a price target of $2650.
• Consistent in their evaluation, an analyst from TD Cowen keeps a Outperform rating on Chipotle Mexican Grill with a target price of $2900.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Chipotle Mexican Grill options trades with real-time alerts from Benzinga Pro.