Chipotle Mexican Grill Unusual Options Activity For November 13

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 12 trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $292,420 and 5, calls, for a total amount of $172,998.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1820.0 to $2300.0 for Chipotle Mexican Grill over the recent three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $1820.0 to $2300.0 in the last 30 days.

Chipotle Mexican Grill Option Activity Analysis: Last 30 Days

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 $8.6 billion in 2022. 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 3,200 stores at the end of 2022, 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.

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

Where Is Chipotle Mexican Grill Standing Right Now?

• With a trading volume of 45,192, the price of CMG is down by 0.0%, reaching $2120.58.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 85 days from now.

What The Experts Say On Chipotle Mexican Grill

In the last month, 5 experts released ratings on this stock with an average target price of $2149.0.

• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Chipotle Mexican Grill, targeting a price of $2070.
• In a cautious move, an analyst from TD Cowen downgraded its rating to Outperform, setting a price target of $2200.
• Reflecting concerns, an analyst from Truist Securities lowers its rating to Buy with a new price target of $2280.
• An analyst from Stephens & Co. has revised its rating downward to Overweight, adjusting the price target to $2330.
• An analyst from Barclays persists with their Equal-Weight rating on Chipotle Mexican Grill, maintaining a target price of $1865.

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