Spotlight on Chipotle Mexican Grill: Analyzing the Surge in Options Activity

Financial giants have made a conspicuous bullish move on Chipotle Mexican Grill. Our analysis of options history for Chipotle Mexican Grill CMG revealed 12 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $58,880, and 10 were calls, valued at $1,152,883.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1700.0 to $3320.0 for Chipotle Mexican Grill over the recent three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Chipotle Mexican Grill stands at 32.55, with a total volume reaching 83.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Chipotle Mexican Grill, situated within the strike price corridor from $1700.0 to $3320.0, throughout the last 30 days.

Chipotle Mexican Grill 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, 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.

Following our analysis of the options activities associated with Chipotle Mexican Grill, we pivot to a closer look at the company's own performance.

Present Market Standing of Chipotle Mexican Grill

• Currently trading with a volume of 30,328, the CMG's price is down by 0.0%, now at $3195.4.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 71 days.

Expert Opinions on Chipotle Mexican Grill

5 market experts have recently issued ratings for this stock, with a consensus target price of $3188.0.

• An analyst from Stephens & Co. persists with their Equal-Weight rating on Chipotle Mexican Grill, maintaining a target price of $3050.
• Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Chipotle Mexican Grill, targeting a price of $3500.
• An analyst from Raymond James downgraded its action to Outperform with a price target of $3340.
• Reflecting concerns, an analyst from Oppenheimer lowers its rating to Outperform with a new price target of $3300.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Chipotle Mexican Grill, targeting a price of $2750.

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.