Check Out What Whales Are Doing With CMG

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

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CMG, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 16 options trades for Chipotle Mexican Grill.

This isn't normal.

The overall sentiment of these big-money traders is split between 0% bullish and 100%, bearish.

Out of all of the options we uncovered, 15 are puts, for a total amount of $533,799, and there was 1 call, for a total amount of $29,535.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2000.0 to $3000.0 for Chipotle Mexican Grill over the recent three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Chipotle Mexican Grill's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Chipotle Mexican Grill's significant trades, within a strike price range of $2000.0 to $3000.0, over the past month.

Chipotle Mexican Grill Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

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

Chipotle Mexican Grill's Current Market Status

• Currently trading with a volume of 18,609, the CMG's price is down by 0.0%, now at $2289.97.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 20 days.

What The Experts Say On Chipotle Mexican Grill

5 market experts have recently issued ratings for this stock, with a consensus target price of $2449.4.

• An analyst from Oppenheimer persists with their Outperform rating on Chipotle Mexican Grill, maintaining a target price of $2525.
• Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Chipotle Mexican Grill with a target price of $2450.
• An analyst from Barclays persists with their Equal-Weight rating on Chipotle Mexican Grill, maintaining a target price of $2246.
• An analyst from Stephens & Co. persists with their Overweight rating on Chipotle Mexican Grill, maintaining a target price of $2800.
• An analyst from Piper Sandler has decided to maintain their Neutral rating on Chipotle Mexican Grill, which currently sits at a price target of $2226.

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.