Dernières nouvelles pour Chipotle Mexican Grill (NYSE:CMG) Stock

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 almost exclusively company-owned, with just two license stores opearted through a master franchise relationship 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.

Chipotle Mexican Grill, Inc. Common Stock

Chipotle Mexican Grill Inc

CMGE TECHNOLOGIES GROUP by CMGE TECHNOLOGIES GROUP.

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COMML INTL BK LTD S/GDR by Commercial International Bank Ltd.

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CHAODA MODERN AGRCLTRE HL by Chaoda Modern Agriculture Holdings Ltd.

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COMMERCIAL INTL BKGDR144A by Commercial International Bank Ltd.

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CMG HOLDINGS GROUP INC by CMG Holdings Group, Inc.

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Deep-pocketed investors have adopted a bullish approach towards Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CMG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Chipotle Mexican Grill. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 76% leaning bullish and 15% bearish. Among these notable options, 2 are puts, totaling $346,912, and 11 are calls, amounting to $1,090,010.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $46.0 and $72.0 for Chipotle Mexican Grill, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Chipotle Mexican Grill stands at 905.88, with a total volume reaching 9,383.00. 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 $46.0 to $72.0, throughout the last 30 days.
<h3>Chipotle Mexican Grill Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732047347_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$17.4</td>
<td>$16.7</td>
<td>$17.4</td>
<td>$46.00</td>
<td>$631.6K</td>
<td align="right">970</td>
<td align="right">706</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.6</td>
<td>$14.3</td>
<td>$14.3</td>
<td>$72.00</td>
<td>$318.9K</td>
<td align="right">57</td>
<td align="right">224</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$17.5</td>
<td>$16.7</td>
<td>$17.4</td>
<td>$46.00</td>
<td>$83.5K</td>
<td align="right">970</td>
<td align="right">772</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$13.3</td>
<td>$12.8</td>
<td>$12.8</td>
<td>$60.00</td>
<td>$64.0K</td>
<td align="right">500</td>
<td align="right">11</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$15.6</td>
<td>$15.2</td>
<td>$15.42</td>
<td>$55.00</td>
<td>$61.6K</td>
<td align="right">127</td>
<td align="right">62</td>
</tr>
</tbody>
</table>

<h3>About Chipotle Mexican Grill</h3>
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 almost exclusively company-owned, with just two license stores opearted through a master franchise relationship 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.
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
<h3>Where Is Chipotle Mexican Grill Standing Right Now?</h3>
<ul>
<li>With a trading volume of 6,291,565, the price of CMG is down by -0.07%, reaching $58.77.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 77 days from now.</li>
</ul>
<h3>What The Experts Say On Chipotle Mexican Grill</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $63.6.
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&#x2A; An analyst from BMO Capital persists with their Market Perform rating on Chipotle Mexican Grill, maintaining a target price of $56. 
&#x2A; An analyst from Stephens &amp; Co. persists with their Equal-Weight rating on Chipotle Mexican Grill, maintaining a target price of $65. 
&#x2A; An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $70. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Chipotle Mexican Grill with a target price of $67. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Chipotle Mexican Grill, targeting a price of $60. 
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 <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

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Chipotle Mexican Grill's Options: A Look at What the Big Money is Thinking

Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and&nbsp;Elon Musk&#8217;s SpaceX&nbsp;may encounter obstacles in their attempts&nbsp;to block the National Labor Relations&nbsp;Board or NLRB cases.
What Happened: On Monday, a panel of U.S. judges suggested that both companies might have prematurely brought their challenges to the NLRB&#8217;s structure to&nbsp;the 5th U.S. Circuit Court&nbsp;of Appeals, reported Reuters.
The panel&nbsp;questioned whether Amazon and SpaceX&nbsp;should have allowed more time for Texas judges&nbsp;to rule before filing appeals.
The legal challenges, if successful, could potentially weaken the NLRB&#8217;s powers. Even if they fail, some have already managed to indefinitely delay NLRB cases.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42026410/nvidia-apple-suppliers-prepare-for-policy-shifts-japans-ai-leap-and-amds-workforce-cut-this-week-in-ai?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia, Apple Suppliers Prepare For Policy Shifts, Japan&#8217;s AI Leap, And AMD&#8217;s Workforce Cut: This Week In AI</a>
Amazon and SpaceX are separately trying to block NLRB&nbsp;cases accusing them of illegal&nbsp;labor practices.
Amazon is fighting a case related to its first-ever union at a warehouse in New York City. SpaceX is facing accusations of firing engineers who criticized Musk — a claim the company denies.
Amazon and SpaceX argue that&nbsp;federal judges in Texas &#8220;effectively&nbsp;denied&#8221; their petitions to block&nbsp;NLRB cases&nbsp;by not ruling on them&nbsp;promptly. However, the judges in both cases&nbsp;ruled that the lawsuits did&nbsp;not belong in Texas.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This development follows a series of legal disputes involving the NLRB and major corporations.
Other companies, <a href="https://www.benzinga.com/markets/equities/24/08/40570061/chipotle-accused-by-labor-watchdog-of-unlawfully-withholding-pay-raises-from-unionized-workers">including</a>&nbsp;Chipotle Mexican Grill&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>),&nbsp;Stellantis&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), and&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), have <a href="https://www.benzinga.com/markets/equities/24/10/41136199/apple-accused-of-violating-federal-law-over-alleged-illegal-employee-agreements-nlrb-hearing-set">also faced NLRB</a> complaints for <a href="https://www.benzinga.com/news/24/09/40894503/uaw-files-nlrb-complaint-against-stellantis-over-alleged-contract-violations-says-it-intends-to-make">alleged labor violations</a>.
Earlier this year,&nbsp;Amazon argued that the <a href="https://www.benzinga.com/news/24/02/37191759/jeff-bezos-amazon-joins-spacex-and-trader-joes-in-slamming-nlrb-amid-labor-union-dispute">NLRB was unconstitutional</a>&nbsp;in response to a case accusing the company of unlawfully retaliating against workers who voted to unionize.
In October, the&nbsp;<a href="https://www.benzinga.com/government/24/10/41171072/amazon-accused-of-union-busting-after-drivers-unionize-nlrb-files-complaint">NLRB charged Amazon</a>&nbsp;for failing to acknowledge and bargain with the Teamsters Union.
In SpaceX&#8217;s case, NLRB alleged that the company violated federal labor laws by firing employees who, in June 2022, circulated a letter criticizing Musk's controversial tweets and calling him a &#8220;<a href="https://www.benzinga.com/news/24/01/36484393/spacex-wrongfully-fired-employees-who-called-elon-musk-distraction-and-embarrassment-us-labor-agency">distraction and embarrassment</a>.&#8221;
Price Action: Amazon shares closed Monday's session down 0.45% at $201.70. In after-hours trading, the stock gained slightly, reaching $201.89 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo Courtesy: T. Schneider On Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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Amazon And SpaceX's Efforts To Block NLRB Cases In Jeopardy As Appeals Court Raises Key Legal Concerns

Analyst Ratings

CORRECTION: RBC Capital analyst Logan Reich assumes Chipotle Mexican Grill (NYSE: CMG) with a Outperform rating and announces Price Target of $70.

On November 14, a recent SEC filing unveiled that Christopher Brandt, Chief Brand Officer at Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) made an insider sell.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001058090/000112760224027301//Archives/edgar/data/1058090/000112760224027301/0001127602-24-027301-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Brandt sold 20,000 shares of Chipotle Mexican Grill. The total transaction amounted to $1,200,248. 
At Friday morning, Chipotle Mexican Grill shares are down by 1.24%, trading at $59.17.
<h3>Discovering Chipotle Mexican Grill: A Closer Look</h3>
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 almost exclusively company-owned, with just two license stores opearted through a master franchise relationship 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.
<h3>Breaking Down Chipotle Mexican Grill's Financial Performance</h3>
Positive Revenue Trend: Examining Chipotle Mexican Grill's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.01% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 25.49%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Chipotle Mexican Grill exhibits below-average bottom-line performance with a current EPS of 0.28.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 1.24, Chipotle Mexican Grill adopts a prudent financial strategy, indicating a balanced approach to debt management.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 55.64, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 7.52 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Chipotle Mexican Grill's EV/EBITDA ratio stands at 37.23, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
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<h3>Delving Into the Significance of Insider Transactions</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001058090">Check Out The Full List Of Chipotle Mexican Grill's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Insider Unloading: Christopher Brandt Sells $1.20M Worth Of Chipotle Mexican Grill Shares

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Pershing Square Capital's Q3 2024 13F Filing Reveals Reduced Stakes In Hilton Worldwide By 18% To 7.37M Shares, Chipotle Mexican Grill By 8%, Restaurant Brands Intl By 1% To 23.0M Shares, And Alphabet Class C And Class A By 9%

CAVA Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) experienced a significant stock price increase of 17.18% during pre-market on Wednesday after announcing robust third-quarter earnings and revising its annual outlook upwards, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
The fast-casual chain, known for its Mediterranean-inspired cuisine, reported earnings of <a href="https://www.benzinga.com/general/restaurants/24/11/41921564/cava-group-stock-rallies-on-better-than-expected-q3-results-details">15 cents per share,</a> surpassing the analyst consensus of 11 cents. Quarterly revenue reached $243.82 million, exceeding expectations of $233.59 million and marking an increase from $175.55 million in the same period last year. 
The company, a rival to Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) opened 11 new restaurants, bringing the total to 352, reflecting a 21.4% year-over-year growth in restaurant count.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41871148/dogecoin-swells-29-becomes-sixth-largest-crypto-as-investors-await-elon-musk-headed-doge-department-under-trump?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Swells 29%, Becomes Sixth-Largest Crypto As Investors Await Elon Musk-Headed DOGE Department Under Trump</a>
Same-restaurant sales grew by 18.1%, with guest traffic up by 12.9%. The average unit volume (AUV) was reported at $2.8 million, compared to $2.6 million in the previous year. Restaurant-level profit rose by 41.9% to $61.8 million, with a profit margin of 25.6%.
CEO Brett Schulman highlighted the brand&#8217;s strength and strategic initiatives, including a new loyalty program and labor model. The company increased its fiscal year 2024 outlook for new restaurant openings and same-restaurant sales growth. CAVA shares rose 14.80% after-hours, trading at $166.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

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Chipotle Rival CAVA Surges Over 17% As Q3 Earnings Beat Expectations And Full-Year Outlook Improves

Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) announced Monday that Scott Boatwright, who served as interim CEO since August, will permanently lead the fast-casual restaurant chain with a compensation package valued <a href="https://www.benzinga.com/general/restaurants/24/11/41911851/chipotles-new-boss-can-ceo-scott-boatwright-spice-up-cmg">less than half of his predecessor&#8217;s pay</a>.
What Happened: Boatwright, 52, who served as interim CEO since August, will receive a total package valued at approximately $11 million – a significant increase from his previous $6.3 million compensation as chief operating officer but substantially lower than his predecessor&#8217;s earnings, according <a href="https://fortune.com/2024/11/12/chipotles-new-ceo-scott-boatwright-will-make-millions-leading-the-chain-but-only-half-as-much-as-ex-ceo-brian-niccol/">to</a> Fortune&#8217;s valuation.
The package includes a $1 million base salary, a potential cash bonus of $1.2 million, an $8 million retention grant, and a $3.5 million restricted stock award, plus a $200,000 aircraft allowance.
In contrast, former CEO Brian Niccol&#8216;s 2023 compensation reached $22.5 million before his departure to Starbucks. Niccol&#8217;s new position came with a lucrative $113 million package, including a $10 million sign-on bonus and $75 million in equity grants.
&#8220;We conducted a thorough and rigorous external search process that confirmed Scott is absolutely the best person to lead the next stage of growth at Chipotle,&#8221; board chair Scott Maw said in a statement.
See Also: <a href="https://www.benzinga.com/tech/24/11/41927135/greg-brockman-returns-to-work-at-chatgpts-parent-company-back-to-building-openai">Greg Brockman Returns To Work At ChatGPT&#8217;s Parent Company: &#8216;Back To Building OpenAI&#8217;</a>
Why It Matters: When asked about the compensation details, a Chipotle spokesperson <a href="https://fortune.com/2024/11/12/chipotles-new-ceo-scott-boatwright-will-make-millions-leading-the-chain-but-only-half-as-much-as-ex-ceo-brian-niccol/">told</a> Fortune: &#8220;The bulk of Scott&#8217;s compensation will be received through his equity awards, and the actual value Scott will receive is entirely dependent on achievement of the performance goals for the awards and the stock price at the time of vesting.&#8221;
The appointment comes amid broader leadership changes at Chipotle, including the elevation of Jack Hartung to president of strategy, finance, and supply chain. The company issued retention grants totaling $34.5 million to key executives to ensure stability during the transition, according to Fortune.
Price Action: Chipotle&#8217;s stock has risen nearly 35% year to date, currently trading at $60.49. Under Niccol&#8217;s tenure, the company&#8217;s share price grew 800%, according to <a href="https://www.benzinga.com/pro/">Benziga Pro data</a>.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Chipotle's New CEO Scott Boatwright Will Make Millions, But It Will Still Be Half Of Ex-CEO Brian Niccol's Pay

Chipotle Mexican Grill Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) officially named Scott Boatwright as its permanent CEO, months after Brian Niccol's <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40376234/chipotle-ceo-brian-niccol-jumps-ship-to-starbucks-6-analysts-weigh-implications-und">exit to Starbucks Corp</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>).
Boatwright, who joined Chipotle in 2017 and has served as interim CEO since August, is now tasked with taking the burrito giant to new heights, <a href="https://www.cnbc.com/2024/11/11/chipotle-mexican-grill-names-scott-boatwright-as-permanent-ceo.html">reported</a> CNBC. 
Known for his role in helping the company recover after the 2015 E. coli crisis, Boatwright is a familiar face with a proven track record.
<h1 class="wp-block-heading">Big Plans Ahead For Chipotle</h1>
Boatwright's vision for Chipotle is clear: transform the company into a "global lifestyle brand" and ramp up expansion with a target of 7,000 restaurants across North America. 
Under Boatwright's leadership, Chipotle has made strides in integrating new technology to improve customer experience and streamline operations. These innovations, coupled with his focus on operational efficiency, could help Chipotle stay competitive in the fast-casual industry, which is increasingly driven by tech.
As the company faces challenges such as weak consumer demand and higher menu prices, Boatwright's leadership will be crucial in navigating these hurdles while striving to grow Chipotle's footprint.
Read Also: <a href="https://www.benzinga.com/24/11/41710986/locked-in-overheated-battle-with-its-clone-at-home-luckin-eyes-expansion-in-u-s">Locked In Overheated Battle With Its Clone At Home, Luckin Eyes Expansion In U.S.</a>
<h1 class="wp-block-heading">Bullish Signals On The Horizon For Chipotle Stock Investors</h1>
Investors are reacting positively to Boatwright's permanent appointment. After a rocky period following Niccol's departure, Chipotle's stock has bounced back with a 14% rise, signaling that the company's recovery is on track.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="627" height="452" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12104332/Screenshot-2024-11-12-at-8.15.20-PM.png" alt="" class="wp-image-643172" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12104332/Screenshot-2024-11-12-at-8.15.20-PM.png 627w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/12104332/Screenshot-2024-11-12-at-8.15.20-PM-300x216.png 300w" sizes="(max-width: 627px) 100vw, 627px" /></figure>
Chipotle's stock is on an upward trajectory. Trading at $60.48, Chipotle stock is trading way above its eight-, 20- and 50-day simple moving averages, with bullish signals across multiple timeframes.
This suggests that Chipotle is in a strong bullish trend, which could continue if the company executes its growth strategy.
<h1 class="wp-block-heading">Bill Ackman&#8217;s Bet On Chipotle</h1>
Bill Ackman's Pershing Square Capital remains a big believer in Chipotle, with the stock commanding nearly <a href="https://whalewisdom.com/filer/pershing-square-capital-management-l-p">17%</a> of its portfolio.
Ackman's backing signals confidence in Boatwright's leadership and Chipotle's potential for future growth, making the company an attractive stock for those looking for long-term upside.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/11/41907560/occidental-q3-earnings-can-warren-buffetts-favorite-oil-play-reverse-its-slide">Occidental Petroleum Set To Release Q3 Earnings: Can It Justify Warren Buffett&#8217;s Vote Of Confidence?</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Technicals

Restaurants

Management

SBUX

Chipotle's New Boss: Can CEO Scott Boatwright Spice Up CMG?

During the last three months, 19 analysts shared their evaluations of Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">6</td>
<td align="right">6</td>
<td align="right">7</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">4</td>
<td align="right">4</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $65.21, a high estimate of $72.00, and a low estimate of $56.00. This current average reflects an increase of 3.43% from the previous average price target of $63.05. 
<img src="https://www.benzinga.com/files/images/story/2024/1731412866_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Chipotle Mexican Grill among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jim Salera</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$69.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$68.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$70.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Alton Stump</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Hold</td>
<td>$58.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Jim Salera</td>
<td>Stephens &amp; Co.</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$65.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Brian Mullan</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$72.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Zachary Fadem</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$67.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Andrew Strelzik</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$56.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>David Tarantino</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>David Palmer</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$71.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Brian Mullan</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$59.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$71.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Brian Bittner</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Cowen</td>
<td>Maintains</td>
<td>Buy</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$58.00</td>
<td>$58.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Chipotle Mexican Grill. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Chipotle Mexican Grill compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Chipotle Mexican Grill's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Chipotle Mexican Grill's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CMG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Chipotle Mexican Grill analyst ratings.</a>
<h2>Unveiling the Story Behind Chipotle Mexican Grill</h2>
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 almost exclusively company-owned, with just two license stores opearted through a master franchise relationship 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.
<h3>Understanding the Numbers: Chipotle Mexican Grill's Finances</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Positive Revenue Trend: Examining Chipotle Mexican Grill's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.01% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Chipotle Mexican Grill's net margin excels beyond industry benchmarks, reaching 13.87%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Chipotle Mexican Grill's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 10.58%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Chipotle Mexican Grill's ROA stands out, surpassing industry averages. With an impressive ROA of 4.32%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.24.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Chipotle Mexican Grill

Stephens &amp; Co. analyst Jim Salera reiterates Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Equal-Weight and maintains $65 price target.

Price Target

Reiteration

Stephens & Co. Reiterates Equal-Weight on Chipotle Mexican Grill, Maintains $65 Price Target

Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) today announced that after a robust and thorough process, its Board of Directors has appointed Scott Boatwright as chief executive officer and a member of the board, effective immediately. Prior to being named Interim CEO in August, Boatwright served as chief operating officer, reporting directly to the company's CEO since 2017.

Chipotle Names Scott Boatwright CEO And Member Of The Board, Effective Immediately

Chipotle Mexican Grill's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) short percent of float has fallen 3.93% since its last report. The company recently reported that it has 29.94 million shares sold short, which is 2.2% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.07 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Chipotle Mexican Grill Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731087917_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Chipotle Mexican Grill has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Chipotle Mexican Grill's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Chipotle Mexican Grill's peer group average for short interest as a percentage of float is 11.30%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Chipotle Mexican Grill?

Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) has outperformed the market over the past 15 years by 14.31% on an annualized basis producing an average annual return of 26.24%. Currently, Chipotle Mexican Grill has a market capitalization of $79.83 billion. 
Buying $1000 In CMG: If an investor had bought $1000 of CMG stock 15 years ago, it would be worth $33,460.88 today based on a price of $58.59 for CMG at the time of writing.
<h3>Chipotle Mexican Grill's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730997033_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $33,000 Today

WIIM

BJRI

BLMN

CAKE

CBRL

PLAY

SHAK

TXRH

YUMC

Shares of restaurant companies are trading higher. Investors may be reacting to the US presidential election and its impact on consumer spending.

Looking into the current session, Chipotle Mexican Grill Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) shares are trading at $55.96, after a 0.74% drop. Over the past month, the stock fell by 3.48%, but over the past year, it actually increased by 34.26%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1730838672_0.png" alt="Past Year Chart" />

<h3>Chipotle Mexican Grill P/E Compared to Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 114.58 in the Hotels, Restaurants &amp; Leisure industry, Chipotle Mexican Grill Inc. has a lower P/E ratio of 52.36. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1730838672_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Price Over Earnings Overview: Chipotle Mexican Grill

The week was a whirlwind of AI-related news, with major companies like Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), OpenAI, and Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) making headlines. From AI-driven hiring strategies to bold predictions about the future of AI, the weekend was a testament to the growing influence of artificial intelligence in various sectors.
<h3 class="wp-block-heading">Chipotle Leverages AI To Boost Hiring Efficiency</h3>
Interim CEO of Chipotle Mexican Grill, Scott Boatwright, revealed that the company is using AI to reduce hiring time by 75% during the busy &#8216;Burrito Season&#8217;. The company&#8217;s initiatives to improve service times have significantly boosted revenue growth.
<a href="https://www.benzinga.com/news/24/10/41615835/chipotle-is-using-an-ai-tool-to-slash-hiring-time-by-75-during-busy-burrito-season">Read the full article here.</a>
<h3 class="wp-block-heading">Elon Musk Foresees AI Matching Human Capabilities</h3>
Tesla CEO Elon Musk predicted that AI could reach human-level capabilities by 2029. Musk highlighted that AI is advancing at an impressive rate, improving roughly tenfold each year.
<a href="https://www.benzinga.com/news/24/10/41618261/elon-musk-predicts-ai-will-match-human-capabilities-in-few-years-the-cup-is-80-full-maybe-90">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/11/41698648/elon-musks-x-reportedly-hit-with-new-wave-of-layoffs-engineering-department-faces-major-cuts-amid-un?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s X Reportedly Hit With New Wave Of Layoffs: Engineering Department Faces Major Cuts</a>
<h3 class="wp-block-heading">Nvidia Executive Predicts AI Taking Human Form</h3>
A top executive at Nvidia believes AI will soon take on a "human form." Masataka Osaki, the Vice President of Worldwide Field Operations at Nvidia, made this bold prediction at the Global Management Dialogue event in Tokyo.
<a href="https://www.benzinga.com/markets/equities/24/10/41591438/nvidias-executive-says-ai-will-soon-take-human-form-the-machine-is-to-the-body-what-ai-is-to-the">Read the full article here.</a>
<h3 class="wp-block-heading">OpenAI Challenges Google With Chatgpt Search</h3>
OpenAI announced that its flagship product, ChatGPT, is now capable of crawling the web for up-to-date news, sports scores, stock quotes, and more, posing a potential challenge to Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) search dominance.
<a href="https://www.benzinga.com/news/24/10/41663190/openai-rolls-out-chatgpt-search-google-shares-slide">Read the full article here.</a>
<h3 class="wp-block-heading">Intel&#8217;s Gaudi AI Chips Fall Short Of Revenue Targets</h3>
Intel CEO Pat Gelsinger revealed that the Gaudi AI accelerator program will fall short of revenue targets due to a transition from second to third generation.
<a href="https://www.benzinga.com/markets/equities/24/11/41686435/intel-says-it-wont-even-make-500m-from-gaudi-ai-chips-in-2024-despite-nvidia-minting-billions-ce">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41678522/jim-cramer-warns-apple-stock-should-have-never-been-up-that-much-after-q3-earnings-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Warns Apple Stock Should Have &#8216;Never Been Up That Much&#8217; After Q3 Earnings</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

INTC

NVDA

Chipotle's Hiring, Musk's Predictions, And Nvidia's Human-Like AI: This Week In Artificial Intelligence

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$120.00</td>
<td>$197.0K</td>
<td>29.0K</td>
<td>4.6K</td>
</tr>
<tr>
<td>MAR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$245.00</td>
<td>$70.0K</td>
<td>7</td>
<td>1.0K</td>
</tr>
<tr>
<td>XPEV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$13.00</td>
<td>$28.2K</td>
<td>155</td>
<td>402</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$120.00</td>
<td>$26.5K</td>
<td>15.6K</td>
<td>331</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$49.3K</td>
<td>8.0K</td>
<td>305</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$330.00</td>
<td>$36.9K</td>
<td>809</td>
<td>264</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$78.00</td>
<td>$516.0K</td>
<td>434</td>
<td>258</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$40.00</td>
<td>$57.2K</td>
<td>242</td>
<td>220</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$110.00</td>
<td>$57.6K</td>
<td>1.1K</td>
<td>102</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$61.4K</td>
<td>181</td>
<td>64</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bullish, expiring in 77 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $197.0K, with a price of $197.0 per contract. There were 29019 open contracts at this strike prior to today, and today 4648 contract(s) were bought and sold. 
• Regarding MAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>), we observe a put option trade with bullish sentiment. It expires in 14 day(s) on November 15, 2024. Parties traded 350 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $70.0K, with a price of $200.0 per contract. There were 7 open contracts at this strike prior to today, and today 1003 contract(s) were bought and sold. 
• For XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we notice a put option trade that happens to be bearish, is expiring today. Parties traded 196 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $28.2K, with a price of $144.0 per contract. There were 155 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a put option sweep with neutral sentiment. It expires in 14 day(s) on November 15, 2024. Parties traded 58 contract(s) at a $120.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $457.0 per contract. There were 15667 open contracts at this strike prior to today, and today 331 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a call option sweep with bearish sentiment. It expires in 77 day(s) on January 17, 2025. Parties traded 79 contract(s) at a $35.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $49.3K, with a price of $625.0 per contract. There were 8095 open contracts at this strike prior to today, and today 305 contract(s) were bought and sold. 
• Regarding LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we observe a call option sweep with bullish sentiment. It expires in 77 day(s) on January 17, 2025. Parties traded 15 contract(s) at a $330.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.9K, with a price of $2469.0 per contract. There were 809 open contracts at this strike prior to today, and today 264 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a put option sweep that happens to be bullish, expiring in 441 day(s) on January 16, 2026. This event was a transfer of 258 contract(s) at a $78.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $516.0K, with a price of $2000.0 per contract. There were 434 open contracts at this strike prior to today, and today 258 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a call option trade with bearish sentiment. It expires in 112 day(s) on February 21, 2025. Parties traded 97 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $57.2K, with a price of $590.0 per contract. There were 242 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with bearish sentiment. It expires in 441 day(s) on January 16, 2026. Parties traded 63 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $57.6K, with a price of $915.0 per contract. There were 1155 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• For LEN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), we notice a put option trade that happens to be neutral, expiring in 77 day(s) on January 17, 2025. This event was a transfer of 20 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $61.4K, with a price of $3070.0 per contract. There were 181 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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