L'intérêt à découvert pour Chipotle Mexican Grill donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Chipotle Mexican Grill. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Chipotle Mexican Grill (NYSE:CMG) Stock, Rapport sur les intérêts à découvert

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.

Chipotle Mexican Grill, Inc. Common Stock

Chipotle Mexican Grill Inc

CMGE TECHNOLOGIES GROUP by CMGE TECHNOLOGIES GROUP.

CMGE Technology Group Ltd

CI MUNRO GLBL GRW EY HDG SRS UNT ETF

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

Commercial International Bank - Egypt CIB

CHAODA MODERN AGRCLTRE HL by Chaoda Modern Agriculture Holdings Ltd.

Chaoda Modern Agriculture (Holdings) Ltd

CHAODA MODERN AGRC UN/ADR by Chaoda Modern Agriculture Holdings Ltd.

COMMERCIAL INTL BKGDR144A by Commercial International Bank Ltd.

Chemring Group PLC

CHEMRING GRP PLC UNSP/ADR by Chemring Group Plc.

CMG HOLDINGS GROUP INC by CMG Holdings Group, Inc.

CMG Holdings Group Inc

CLUBHOUSE MEDIA GROUP INC by CLUBHOUSE MEDIA GROUP INC.

Clubhouse Media Group Inc

UBS (CMCI GSCI) USD ETF

Starbucks Corporation&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) stock is trading just below the Zacks Restaurant industry.&nbsp; With a forward 12-month Price/Earnings ratio of 24.79x, it sits marginally below the industry average of 24.97x. Despite this, SBUX remains priced higher than the broader Retail-Wholesale sector, which stands at 23.96x and the S&amp;P 500, which averages 21.86x.
In the past three months, Starbucks&#39; shares have surged 25.2% compared with the restaurant industry&#39;s 10.9% rise and the S&amp;P 500&#39;s 4.7% rise. Even among the top industry players, SBUX stands tall, outperforming McDonald&#39;s Corporation, which rose 19.2%, and leaving Chipotle Mexican Grill, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmg#NYSE">CMG</a>), down 7.3%, and Yum! Brands, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yum#NYSE">YUM</a>), up 4.2%, in the rearview.
<h2>Stock Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a6/79503.jpg?v=1442114200" />
Image Source: Zacks Investment Research
Technical indicators suggest continued strong performance for SBUX. The stock trades above its 50 and 200-day moving averages, signaling robust upward momentum and price stability. This technical strength underscores positive market sentiment and confidence in SBUX&#39;s financial health and prospects.
<h2>50 &amp; 200-Day Moving Averages</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/07/79504.jpg?v=664760601" />
Image Source: Zacks Investment Research
<h2>Brian Niccol&#39;s Leadership: A Game Changer for SBUX</h2>
Starbucks&#39; recent stock rally can largely be attributed to the appointment of Brian Niccol as its new CEO, succeeding Laxman Narasimhan. Niccol, known for his successful leadership at Chipotle, where he guided the company through a significant turnaround and drove strong same-store sales growth, brings a wealth of experience to Starbucks.
His expertise in leveraging technology, automation and customer engagement is a perfect fit for Starbucks&#39; evolving needs. Niccol&#39;s strategic focus on efficiency and customer experience is expected to streamline operations and elevate the customer journey, which is crucial for managing Starbucks&#39; expansive and intricate menu offerings.
<h2>Expansion Efforts to Aid SBUX</h2>
The company is continuously focusing on expansion to drive growth. In the fiscal 2020, 2021, 2022 and 2023, the company added 1,400, 1,173, 1,120 and 2,327 net new stores, respectively. During the first-, second- and third-quarter fiscal 2024, the company opened 549, 364 and 526 net new stores. This brings the total global store count to 39,477 as of June 30, 2024, with 52% company-operated and 48% licensed stores. For the fiscal 2024, management projects global store growth to be approximately 6%.
Starbucks&#39; focus on operational excellence, backed by a reinvention plan, resulted in significant improvements. During the fiscal third quarter, out-of-the-window times have improved year over year, customer contact center calls for long order times have been reduced (by nearly 50%) and Mobile Order &amp; Pay and delivery uptime rates have reached 99%. These indicators reflect efforts to enhance customer wait times, product availability and the overall customer experience.
<h2>Menu Innovation Aids SBUX</h2>
In the third quarter, the company experienced a boost in store traffic due to a strong and innovative lineup of products and effective marketing strategies. Their share of cold beverages inched up 1% year over year, accounting for 76% of their beverage sales for the quarter. Customers responded positively to the new Summer-Berry Starbucks Refreshers with Pearls and the revamped iced coffee. Additionally, cold espresso products saw 4% growth year over year.
Building on its successes from the second quarter, SBUX is continuing to expand its product pipeline over the next two years while speeding up innovation. Acknowledging the rising popularity of energy drinks, they introduced new handcrafted iced energy beverages in U.S. locations.
Looking ahead to the fourth quarter, the company anticipates that its product offerings, including the highly-anticipated return of pumpkin spice and targeted marketing efforts, will attract more customers and enhance engagement with new and loyal patrons.
<h2>Comps and Margin Pressure Hurts SBUX</h2>
Starbucks is struggling with a slower recovery in China, facing fierce competition from value-oriented rivals. Global comparable store sales fell 3% in third-quarter fiscal 2024 year over year, driven by a 5% decline in transactions, despite a 2% rise in average ticket size. North America and International sales also decreased by 2% and 7%, respectively, due to cautious consumer spending. The company expects these challenges to persist, forecasting low single-digit declines to flat growth for global and U.S. comps in 2024, with China&#39;s comps projected to drop 12%.
Starbucks&#39; adjusted operating margin declined to 16.7% in third-quarter fiscal 2024, down 70 basis points from the previous year&#39;s tally, primarily due to rising costs from employee investments and promotional activities. However, some losses were offset by pricing strategies and better store efficiencies.
<h2>End Notes</h2>
The Zacks Rank #3 (Hold) company, trading slightly below the restaurant industry&#39;s average, though it remains higher than broader sectors. The stock&#39;s impressive gain in the past three months, outpacing competitors is bolstered by strong technical indicators, as it trades above its 50 and 200-day moving averages. This momentum is attributed to the new CEO, Brian Niccol, whose focus on efficiency and customer engagement is expected to elevate operations.
Its product innovations, particularly in cold beverages, have driven traffic, but challenges remain, including margin pressure and slow recovery in China, affecting global comparable store sales. Despite these headwinds, Starbucks&#39; reinvention plan and operational improvements offer potential, though margins remain under strain from rising costs.
For long-term investors confident in Starbucks&#39; ability to overcome its current challenges and sustain growth, the stock may present a solid value opportunity. However, new investors might want to hold off until there are more evident signs of recovery, especially in the international market, before committing.
<a href="https://www.zacks.com/stock/news/2342528/is-starbucks-stock-a-buy-sell-or-retain-at-24-79x-p-e?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2342528">To read this article on Zacks.com click here.</a>

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SBUX

Is Starbucks Stock a Buy, Sell or Retain at 24.79x P/E?

Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) has outperformed the market over the past 10 years by 4.52% on an annualized basis producing an average annual return of 15.92%. Currently, Chipotle Mexican Grill has a market capitalization of $79.46 billion. 
Buying $1000 In CMG: If an investor had bought $1000 of CMG stock 10 years ago, it would be worth $4,354.25 today based on a price of $58.02 for CMG at the time of writing.
<h3>Chipotle Mexican Grill's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727384429_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.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $4,400 Today

Financial giants have made a conspicuous bearish move on Chipotle Mexican Grill. Our analysis of options history for Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) revealed 14 unusual trades.
Delving into the details, we found 28% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $244,565, and 11 were calls, valued at $765,953.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $38.0 to $64.0 for Chipotle Mexican Grill over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Chipotle Mexican Grill options trades today is 2823.83 with a total volume of 1,660.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Chipotle Mexican Grill's big money trades within a strike price range of $38.0 to $64.0 over the last 30 days.
<h3>Chipotle Mexican Grill Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727289084_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</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>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$18.9</td>
<td>$18.7</td>
<td>$18.8</td>
<td>$40.00</td>
<td>$188.0K</td>
<td>8.3K</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$18.8</td>
<td>$18.6</td>
<td>$18.7</td>
<td>$40.00</td>
<td>$187.0K</td>
<td>8.3K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$11.0</td>
<td>$10.7</td>
<td>$11.0</td>
<td>$64.00</td>
<td>$93.5K</td>
<td>2.4K</td>
<td style="text-align: right;">87</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.9</td>
<td>$5.6</td>
<td>$5.9</td>
<td>$54.00</td>
<td>$89.6K</td>
<td>1.7K</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$4.9</td>
<td>$4.8</td>
<td>$4.9</td>
<td>$64.00</td>
<td>$83.3K</td>
<td>5.2K</td>
<td style="text-align: right;">188</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 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.
<h3>Current Position of Chipotle Mexican Grill</h3>
<ul>
<li>With a volume of 4,720,806, the price of CMG is up 0.23% at $58.09. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 34 days.</li>
</ul>
<h3>What The Experts Say On Chipotle Mexican Grill</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $61.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $58. 
&#x2A; An analyst from TD Cowen downgraded its action to Buy with a price target of $65. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Chipotle Mexican Grill with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

This Is What Whales Are Betting On Chipotle Mexican Grill

Nike, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) is the latest company to take part in what has become a trend among big companies: bringing back an executive to assume <a href="https://www.benzinga.com/news/24/09/40954074/why-nike-shares-are-trading-higher-by-around-7-here-are-20-stocks-moving-premarket">the role of CEO</a>.
The sneaker giant <a href="https://www.benzinga.com/news/24/09/40957353/nikes-new-ceo-elliott-hill-to-focus-on-repairing-retailer-relations">announced on Thursday</a> the appointment of Elliott Hill, the company&#8217;s former president of consumer and marketplace who has been with Nike for three decades, as its new CEO to replace retiring CEO John Donahoe.
Nike is not alone in having an executive — the company&#8217;s former CEO, in many cases — return to the company to fill its top leadership post in a &#8220;Boomerang CEO&#8221; trend.
Read Also: <a href="https://www.benzinga.com/news/24/04/38209892/nike-stock-jumps-on-upgrade-to-buy-as-analyst-says-its-time-to-just-do-it">Nike Stock Jumps On Upgrade To Buy As Analyst Says It&#8217;s &#8216;Time To Just Do It&#8217;</a>
<ul>
<li>Bob Iger: Almost two years ago, Iger returned to The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) <a href="https://www.benzinga.com/general/entertainment/22/11/29798775/bob-iger-returns-as-disney-ceo-after-reports-of-growing-rift-with-bob-chapek">as its CEO</a> to replace CEO Bob Chapek. Iger previously served in that top role from 2005 to 2020. Last July, the company&#8217;s board voted unanimously to extend his CEO contract to <a href="https://www.benzinga.com/news/23/07/33207650/disneys-board-votes-for-continuity-extends-ceo-igers-contract-to-2026">the end of 2026</a>.</li>
</ul>
<ul>
<li>Howard Schulz: In April 2022, Schulz returned to <a href="https://www.benzinga.com/news/22/03/26163125/starbucks-ceo-kevin-johnson-announces-retirement-founder-howard-schultz-to-return-in-interim-role">the CEO post</a> at Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) for the third time in an interim capacity to fill in for retiring CEO Kevin Johnson. Schulz founded the company and served as CEO first from 1986 to 2000 and again from 2008 to 2017. He stepped down as interim CEO in August to <a href="https://www.benzinga.com/top-stories/24/08/40396716/starbucks-new-ceo-brian-niccol-boosts-company-valuation-by-over-15b-in-one-day-whats-his-net-worth">hand over the reins</a> to Brian Niccol, former CEO of Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>).</li>
</ul>
<ul>
<li>Kevin Plank: At the end of April, Plank<a href="https://www.benzinga.com/markets/equities/24/03/37690723/kevin-plank-returns-as-ceo-under-armours-original-visionary-takes-charge-again"> returned as CEO</a> of Under Armour, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) to replace Stephanie Linnartz. He previously served as CEO of the apparel company from 1996, the year he founded it, to 2020.</li>
</ul>
<ul>
<li>Sam Altman: In November 2023, Altman <a href="https://www.benzinga.com/news/23/11/35911061/sam-altman-to-return-as-openai-ceo-as-new-board-collaborating-to-figure-out-details">returned as the CEO</a> of OpenAI just four days after he was ousted from the position. He was reinstated as CEO on Nov. 22, two days after employees demanded that Altman be given back his CEO job.</li>
</ul>
<ul>
<li>Sergio Ermotti: In April 2023, Ermotti returned <a href="https://www.benzinga.com/news/large-cap/23/03/31546168/ubs-rehires-former-ceo-to-oversee-credit-suisse-takeover">as the CEO</a> of UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) to oversee its takeover of Credit Suisse. Ermotti, who assumed the position after CEO Ralph Hamers stepped down, was previously UBS&#8217; CEO from November 2011 to November 2020</li>
</ul>
Price Action: These companies with returning CEOs saw gains and losses into Friday&#8217;s early-afternoon trading.
<ul>
<li>Nike rose 6.41% to $86.17</li>
<li>Walt Disney gained 0.11% to $93.55</li>
<li>Starbucks dropped 0.64% to $96.28</li>
<li>Under Armour edged up 0.87% to $7.55</li>
<li>UBS slipped 1.43% to $29.97</li>
</ul>
Read Now:
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<li><a href="http://Bob Iger's Success At Disney: New Document Reveals CEO's Biggest Wins According To The Man Himself">Bob Iger&#8217;s Success At Disney: New Document Reveals CEO&#8217;s Biggest Wins According To The Man Himself</a></li>
</ul>
Image: Pixabay
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Shares of restaurant companies are trading higher following the Fed's rate cut, which could boost industry traffic through an increase in consumer discretionary incomes.

In a creative move to support job seekers, Pizza Hut, a subsidiary of Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>), has launched &#8216;ResZAmes&#8217; during <a href="https://www.benzinga.com/news/24/09/40809142/brian-niccol-outlines-vision-to-reconnect-starbucks-with-community-coffeehouse-roots-on-his-2nd-day">New York City&#8217;s &#8220;September Surge&#8221; hiring season</a>.
What Happened: Pizza Hut has rolled out &#8216;ResZAmes&#8217; to assist job seekers in New York City during the &#8216;September Surge&#8217; hiring season, the fast food chain announced in a press release on Wednesday.
This initiative allows job applicants to print their resumes on Pizza Hut&#8217;s iconic pizza boxes and deliver them to potential employers. The unique approach aims to help job seekers stand out in a competitive market.
During the &#8216;September Surge,&#8217; a period marked by increased job opportunities at the start of the fourth quarter, Pizza Hut is leveraging its delivery service to help applicants grab employers&#8217; attention.
Each ResZAmes pizza box will include a medium-sized cheese pizza, ensuring the resume is hard to ignore. The service is available for free, and submissions are open at ResZAmes.com until Sept. 22.
&#8220;We know finding a job can be daunting especially during this key hiring season, so we wanted to lend a hand to our job-seeking customers and help them break through the clutter,&#8221; said Melissa Friebe, Pizza Hut&#8217;s Chief Marketing Officer.
See Also: <a href="https://www.benzinga.com/news/24/09/40869086/trump-vs-harris-new-poll-reveals-post-debate-swing-towards-this-candidate-in-key-state?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs Harris: New Poll Reveals Post-Debate Swing Towards This Candidate In Key State</a>
Why It Matters: The launch of &#8216;ResZAmes&#8217; comes at a crucial time for Yum! Brands, Inc. The company recently reported mixed second-quarter results, with <a href="https://www.benzinga.com/news/earnings/24/08/40192611/yum-brands-ceo-gibbs-highlights-8-profit-growth-target-amid-mixed-q2-results-and-digital-sales-surg">total revenues rising</a> 4% to $1.763 billion but missing the consensus of $1.805 billion. 
Despite this, the company saw a 6% increase in GAAP operating profit and a 10% growth in core operating profit, as highlighted by CEO David Gibbs in August.
Moreover, the fast-food industry is witnessing a surge in <a href="https://www.benzinga.com/markets/equities/24/09/40894700/chipotle-introduces-autocado-robot-to-streamline-guacamole-preparation-at-select-california-loca">technological advancements aimed at improving efficiency</a>. For instance, Chipotle Mexican Grill recently introduced the &#8216;Autocado&#8217; robot to streamline guacamole preparation at select California locations.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40890590/chuck-schumer-says-if-government-shutdown-happens-it-will-because-of-republican-poison-pills-the-ame?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chuck Schumer Says If Government Shutdown Happens It Will Be Because Of &#8216;Republican Poison Pills&#8217; — &#8216;The American People Are Going To Hold Them Responsible&#8217;</a></li>
</ul>
Image via Unsplash
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>

Equities

NYC Job Seekers Can Now Deliver Resumes In Pizza Boxes To Stand Out During 'September Surge'

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. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<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>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$230.00</td>
<td>$51.4K</td>
<td>60.3K</td>
<td>52.0K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.00</td>
<td>$30.0K</td>
<td>16.6K</td>
<td>6.1K</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$142.00</td>
<td>$164.7K</td>
<td>36</td>
<td>6.0K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$180.00</td>
<td>$37.5K</td>
<td>30.4K</td>
<td>2.2K</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$38.00</td>
<td>$202.9K</td>
<td>7.5K</td>
<td>2.2K</td>
</tr>
<tr>
<td>GLBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$35.00</td>
<td>$58.5K</td>
<td>2.4K</td>
<td>1.6K</td>
</tr>
<tr>
<td>GENI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.50</td>
<td>$27.3K</td>
<td>7.2K</td>
<td>885</td>
</tr>
<tr>
<td>PENN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$20.00</td>
<td>$27.7K</td>
<td>2.0K</td>
<td>782</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$68.00</td>
<td>$29.3K</td>
<td>1.9K</td>
<td>387</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$45.00</td>
<td>$39.2K</td>
<td>971</td>
<td>137</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option trade that happens to be bearish, expiring in 3 day(s) on September 20, 2024. This event was a transfer of 105 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $51.4K, with a price of $490.0 per contract. There were 60320 open contracts at this strike prior to today, and today 52003 contract(s) were bought and sold. 
• Regarding NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we observe a call option sweep with bearish sentiment. It expires in 94 day(s) on December 20, 2024. Parties traded 500 contract(s) at a $6.00 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 $30.0K, with a price of $60.0 per contract. There were 16623 open contracts at this strike prior to today, and today 6133 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a put option sweep that happens to be bullish, expiring in 10 day(s) on September 27, 2024. This event was a transfer of 1000 contract(s) at a $142.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $164.7K, with a price of $162.0 per contract. There were 36 open contracts at this strike prior to today, and today 6078 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option trade that happens to be neutral, expiring in 3 day(s) on September 20, 2024. This event was a transfer of 50 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $37.5K, with a price of $750.0 per contract. There were 30434 open contracts at this strike prior to today, and today 2233 contract(s) were bought and sold. 
• For DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we notice a call option trade that happens to be bearish, expiring in 3 day(s) on September 20, 2024. This event was a transfer of 1750 contract(s) at a $38.00 strike. The total cost received by the writing party (or parties) was $202.9K, with a price of $116.0 per contract. There were 7506 open contracts at this strike prior to today, and today 2208 contract(s) were bought and sold. 
• Regarding GLBE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on September 20, 2024. Parties traded 225 contract(s) at a $35.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $58.5K, with a price of $260.0 per contract. There were 2443 open contracts at this strike prior to today, and today 1681 contract(s) were bought and sold. 
• For GENI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GENI#NYSE">GENI</a>), we notice a call option trade that happens to be bullish, expiring in 122 day(s) on January 17, 2025. This event was a transfer of 219 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $125.0 per contract. There were 7232 open contracts at this strike prior to today, and today 885 contract(s) were bought and sold. 
• Regarding PENN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on October 18, 2024. Parties traded 186 contract(s) at a $20.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $149.0 per contract. There were 2045 open contracts at this strike prior to today, and today 782 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 call option sweep that happens to be neutral, expiring in 94 day(s) on December 20, 2024. This event was a transfer of 250 contract(s) at a $68.00 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 $29.3K, with a price of $118.0 per contract. There were 1981 open contracts at this strike prior to today, and today 387 contract(s) were bought and sold. 
• Regarding GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we observe a put option trade with bullish sentiment. It expires in 185 day(s) on March 21, 2025. Parties traded 135 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $39.2K, with a price of $291.0 per contract. There were 971 open contracts at this strike prior to today, and today 137 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.

AMZN

CVNA

DKNG

GENI

GLBE

PENN

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Live On CNBC, Stephanie Link Announces Bought More Chipotle Mexican Grill, Bought Exxon Mobil

Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) unveiled two new collaborative robotic prototypes designed to work alongside humans to improve efficiency. The prototypes, Autocado and the Augmented Makeline, have been introduced at select California locations on Tuesday.
What Happened: Autocado is a robot that processes avocados by cutting, coring, and peeling them before they are hand-mashed into guacamole. This prototype is currently being tested at Chipotle&#8217;s Huntington Beach, California, according to Chipotle&#8217;s press release.
The Augmented Makeline, developed in collaboration with Hyphen, is being trialed at Chipotle&#8217;s Corona del Mar, California. This collaborative robotic, or &#8220;cobotic&#8221; system automates the preparation of bowls and salads, which comprise approximately 65% of Chipotle&#8217;s digital orders.
&#8220;These cobotic devices could help us build a stronger operational engine,&#8221; said Curt Garner, Chief Customer and Technology Officer at Chipotle. The company aims to optimize these systems based on crew and customer feedback before broader implementation.
Chipotle&#8217;s Cultivate Next venture fund, which has invested in Vebu and Hyphen, supports these innovations. The fund aims to accelerate Chipotle&#8217;s growth plans, including the goal to operate 7,000 restaurants in North America.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40848034/warren-buffett-13b-bet-on-occidental-petroleum-turns-sour-as-shares-plunge-29-since-mid-april-an?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s $13B Bet On Occidental Petroleum Turns Sour As Shares Plunge 29% Since Mid-April — Analyst Says He Could Buy More</a>
Why It Matters: Chipotle&#8217;s latest technological advancements come at a crucial time for the company.
In August the National Labor Relations Board accused Chipotle of unlawfully withholding pay <a href="https://www.benzinga.com/markets/equities/24/08/40570061/chipotle-accused-by-labor-watchdog-of-unlawfully-withholding-pay-raises-from-unionized-workers">raises from unionized employees</a>. This legal issue arose from claims that Chipotle informed workers in Lansing, Michigan, that they would not receive raises given to other employees because they had unionized.
Additionally, Chipotle experienced a <a href="https://www.benzinga.com/markets/equities/24/08/40617033/chipotle-fast-tracks-cfo-appointment-following-ceo-brian-niccols-move-to-starbucks-adam-rymer-to">significant leadership change</a>. Brian Niccol the former CEO of Chipotle recently left the company and joined Starbucks Corp. in the first week of September, prompting the company to expedite the appointment of Adam Rymer as CFO. This transition is set to take place on Oct. 1.
Despite these challenges, some experts still see Chipotle as a <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40462369/chipotle-is-still-a-tasty-buying-opportunity-despite-20-drop-expert-says">strong investment opportunity</a>. Stephanie Link, Chief Investment Strategist &amp; Portfolio Manager at Hightower Advisors, noted that Chipotle remains a compelling buy despite a recent stock decline after Niccol&#8217;s departure.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40828224/jpmorgan-ceo-jamie-dimon-said-hed-fire-in-a-second-anyone-caught-trading-bitcoin-when-it-w?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Said He&#8217;d &#8216;Fire In A Second&#8217; Anyone Caught Trading Bitcoin When It Was At $4,000. 7 Years Later, The Investment Bank Holds Positions In Spot ETFs Tracking The Apex Crypto</a></li>
</ul>
Photo courtesy: Chipotle
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 Introduces 'Autocado' Robot To Streamline Guacamole Preparation At Select California Locations

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. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<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>TSLA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$227.50</td>
<td>$33.0K</td>
<td>2.6K</td>
<td>11.4K</td>
</tr>
<tr>
<td>VFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$25.00</td>
<td>$25.7K</td>
<td>263</td>
<td>1.6K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.50</td>
<td>$25.3K</td>
<td>65.4K</td>
<td>1.4K</td>
</tr>
<tr>
<td>WOOF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$3.50</td>
<td>$138.0K</td>
<td>5.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>CPRI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$30.00</td>
<td>$208.0K</td>
<td>36.4K</td>
<td>781</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$60.00</td>
<td>$43.6K</td>
<td>3.8K</td>
<td>444</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$185.00</td>
<td>$34.3K</td>
<td>281</td>
<td>318</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$89.00</td>
<td>$62.0K</td>
<td>237</td>
<td>300</td>
</tr>
<tr>
<td>FL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$22.50</td>
<td>$40.4K</td>
<td>7.9K</td>
<td>246</td>
</tr>
<tr>
<td>WGO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$55.00</td>
<td>$46.2K</td>
<td>5.0K</td>
<td>171</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option trade with bullish sentiment. It expires in 7 day(s) on September 20, 2024. Parties traded 60 contract(s) at a $227.50 strike. The total cost received by the writing party (or parties) was $33.0K, with a price of $550.0 per contract. There were 2636 open contracts at this strike prior to today, and today 11427 contract(s) were bought and sold. 
• Regarding VFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>), we observe a call option sweep with bullish sentiment. It expires in 189 day(s) on March 21, 2025. Parties traded 306 contract(s) at a $25.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $84.0 per contract. There were 263 open contracts at this strike prior to today, and today 1666 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a call option trade that happens to be bullish, expiring in 126 day(s) on January 17, 2025. This event was a transfer of 684 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $25.3K, with a price of $37.0 per contract. There were 65483 open contracts at this strike prior to today, and today 1449 contract(s) were bought and sold. 
• Regarding WOOF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>), we observe a call option trade with bearish sentiment. It expires in 7 day(s) on September 20, 2024. Parties traded 1200 contract(s) at a $3.50 strike. The total cost received by the writing party (or parties) was $138.0K, with a price of $115.0 per contract. There were 5094 open contracts at this strike prior to today, and today 1298 contract(s) were bought and sold. 
• For CPRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>), we notice a put option trade that happens to be bullish, expiring in 126 day(s) on January 17, 2025. This event was a transfer of 365 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $208.0K, with a price of $570.0 per contract. There were 36455 open contracts at this strike prior to today, and today 781 contract(s) were bought and sold. 
• Regarding CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we observe a put option sweep with bullish sentiment. It expires in 98 day(s) on December 20, 2024. Parties traded 77 contract(s) at a $60.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $43.6K, with a price of $566.0 per contract. There were 3819 open contracts at this strike prior to today, and today 444 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be bearish, expiring in 21 day(s) on October 4, 2024. This event was a transfer of 100 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $34.3K, with a price of $343.0 per contract. There were 281 open contracts at this strike prior to today, and today 318 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option trade that happens to be bearish, expiring in 14 day(s) on September 27, 2024. This event was a transfer of 100 contract(s) at a $89.00 strike. The total cost received by the writing party (or parties) was $62.0K, with a price of $620.0 per contract. There were 237 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
• Regarding FL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), we observe a put option sweep with bullish sentiment. It expires in 161 day(s) on February 21, 2025. Parties traded 245 contract(s) at a $22.50 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $40.4K, with a price of $165.0 per contract. There were 7998 open contracts at this strike prior to today, and today 246 contract(s) were bought and sold. 
• For WGO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>), we notice a put option sweep that happens to be bearish, expiring in 63 day(s) on November 15, 2024. This event was a transfer of 132 contract(s) at a $55.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $46.2K, with a price of $350.0 per contract. There were 5038 open contracts at this strike prior to today, and today 171 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 news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CPRI

Citigourp Global Markets 2% Protected Notes Linked To The Djia

WOOF

Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) has been analyzed by 38 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">13</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">14</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Chipotle Mexican Grill and provided 12-month price targets. The average target is $497.8, accompanied by a high estimate of $3888.00 and a low estimate of $53.00. A decline of 46.23% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1726160409_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Chipotle Mexican Grill. The following summary 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>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>
<tr>
<td>David Palmer</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$59.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>David Tarantino</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$62.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Chris O'Cull</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$70.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Lauren Silberman</td>
<td>Deutsche Bank</td>
<td>Maintains</td>
<td>Buy</td>
<td>$67.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$58.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Jim Salera</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$61.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$69.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Gregory Francfort</td>
<td>Guggenheim</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$54.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Eric Gonzalez</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$66.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$69.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Brian Vaccaro</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$62.50</td>
<td>$70.00</td>
</tr>
<tr>
<td>Alton Stump</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$53.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>David Palmer</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Lauren Silberman</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Buy</td>
<td>$67.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Andrew Strelzik</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$67.00</td>
<td>$74.60</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$69.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Brian Bittner</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Brian Mullan</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$56.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$65.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Jim Salera</td>
<td>Stephens &amp; Co.</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$61.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$54.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Gregory Francfort</td>
<td>Guggenheim</td>
<td>Raises</td>
<td>Neutral</td>
<td>$55.00</td>
<td>$54.50</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Adjusts</td>
<td>Equal-Weight</td>
<td>$58.00</td>
<td>$2865.00</td>
</tr>
<tr>
<td>David Palmer</td>
<td>Evercore ISI Group</td>
<td>Adjusts</td>
<td>Outperform</td>
<td>$72.00</td>
<td>$3600.00</td>
</tr>
<tr>
<td>Brian Mullan</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$61.40</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$71.00</td>
<td>$67.38</td>
</tr>
<tr>
<td>Jim Salera</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$3050.00</td>
<td>$3050.00</td>
</tr>
<tr>
<td>Eric Gonzalez</td>
<td>Keybanc</td>
<td>Adjusts</td>
<td>Overweight</td>
<td>$68.00</td>
<td>$3400.00</td>
</tr>
<tr>
<td>Chris O'Cull</td>
<td>Stifel</td>
<td>Adjusts</td>
<td>Buy</td>
<td>$70.00</td>
<td>$3270.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Cowen</td>
<td>Adjusts</td>
<td>Buy</td>
<td>$72.00</td>
<td>$3600.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$3200.00</td>
<td>$3200.00</td>
</tr>
<tr>
<td>David Tarantino</td>
<td>Baird</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$3500.00</td>
<td>$3500.00</td>
</tr>
<tr>
<td>John Staszak</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$3888.00</td>
<td>$3668.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$3200.00</td>
<td>$3200.00</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: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Chipotle Mexican Grill compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Chipotle Mexican Grill's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Chipotle Mexican Grill's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious 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>Get to Know Chipotle Mexican Grill Better</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 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.
<h3>Unraveling the Financial Story of Chipotle Mexican Grill</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Chipotle Mexican Grill showcased positive performance, achieving a revenue growth rate of 18.22% as of 30 June, 2024. This reflects a substantial increase in the company's 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 financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 15.33%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Chipotle Mexican Grill's ROE excels beyond industry benchmarks, reaching 12.88%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 5.26%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 1.15, Chipotle Mexican Grill adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where Chipotle Mexican Grill Stands With Analysts

TD Cowen analyst Andrew Charles reiterates Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and maintains $65 price target.

Price Target

Reiteration

TD Cowen Reiterates Buy on Chipotle Mexican Grill, Maintains $65 Price Target

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 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 21% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $524,983 and 3, calls, for a total amount of $113,370.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $52.0 and $65.0 for Chipotle Mexican Grill, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Chipotle Mexican Grill's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Chipotle Mexican Grill's substantial trades, within a strike price spectrum from $52.0 to $65.0 over the preceding 30 days.
<h3>Chipotle Mexican Grill Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726079528_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.75</td>
<td>$0.65</td>
<td>$0.75</td>
<td>$53.00</td>
<td>$56.2K</td>
<td>7.6K</td>
<td style="text-align: right;">762</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.8</td>
<td>$4.7</td>
<td>$4.7</td>
<td>$56.00</td>
<td>$51.2K</td>
<td>1.1K</td>
<td style="text-align: right;">218</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.15</td>
<td>$1.1</td>
<td>$1.15</td>
<td>$55.00</td>
<td>$48.9K</td>
<td>17.4K</td>
<td style="text-align: right;">687</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$6.0</td>
<td>$5.9</td>
<td>$5.92</td>
<td>$58.00</td>
<td>$45.5K</td>
<td>1.4K</td>
<td style="text-align: right;">418</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$7.5</td>
<td>$7.2</td>
<td>$7.2</td>
<td>$62.00</td>
<td>$38.8K</td>
<td>2.1K</td>
<td style="text-align: right;">217</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 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.
After a thorough review of the options trading surrounding Chipotle Mexican Grill, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Chipotle Mexican Grill</h3>
<ul>
<li>Currently trading with a volume of 6,049,531, the CMG's price is up by 1.58%, now at $55.06. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 48 days.</li>
</ul>
<h3>What The Experts Say On Chipotle Mexican Grill</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $62.8.
<ul>
<li>An analyst from Truist Securities persists with their Buy rating on Chipotle Mexican Grill, maintaining a target price of $69. </li>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Chipotle Mexican Grill, targeting a price of $59. </li>
<li>An analyst from Wedbush upgraded its action to Outperform with a price target of $58. </li>
<li>Reflecting concerns, an analyst from Stephens &amp; Co. lowers its rating to Equal-Weight with a new price target of $61.</li>
<li>An analyst from Deutsche Bank persists with their Buy rating on Chipotle Mexican Grill, maintaining a target price of $67. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Chipotle Mexican Grill with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In CMG Options

Brian Niccol, on his second day as Starbucks Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) CEO, announced plans to return the company to its roots as a community coffeehouse.
What Happened: Niccol emphasized the need for comfortable seating and a clear distinction between &#8220;to-go&#8221; and &#8220;for-here&#8221; services. He acknowledged that the company has drifted from its core values and is committed to enhancing the in-store experience.
Niccol, known for turning around Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) and Taco Bell owned by Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>), is Starbucks&#8217; fourth CEO in two years. He takes over amid declining sales and pressure from employees and investors.
Starbucks has experienced falling sales for two consecutive quarters. Customers have complained about high prices, slow app orders, and subpar food options. The company has also faced union organizing efforts due to dissatisfaction with working conditions, pay, and benefits.
Niccol plans to empower baristas by providing them with the necessary tools and time to craft quality drinks. He noted that mobile orders often overwhelm stores, leading to a hectic environment.
Despite scrutiny for not relocating to Seattle, Niccol will spend time in stores, at headquarters, and with employees globally.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40769921/palantir-stock-soars-in-monday-premarket-whats-driving-the-surge?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Palantir Stock Soars In Monday Premarket: What&#8217;s Driving The Surge?</a>
Why It Matters: Niccol&#8217;s appointment comes at a critical time for Starbucks. Just a day before his announcement, top Wall Street analysts predicted a <a href="https://www.benzinga.com/news/24/09/40773025/starbucks-to-rally-around-21-here-are-10-top-analyst-forecasts-for-monday">potential 21% rally in Starbucks&#8217; stock</a>, reflecting optimism about his leadership. 
However, Niccol&#8217;s decision to commute between his California home and Seattle headquarters via a company jet has sparked <a href="https://www.benzinga.com/news/24/08/40544276/starbucks-gives-new-ceo-brian-niccol-company-jet-to-fly-to-seattle-hq-sparks-environmental-backlash">environmental concerns</a>. 
Niccol&#8217;s move to Starbucks also led to a rapid <a href="https://www.benzinga.com/markets/equities/24/08/40617033/chipotle-fast-tracks-cfo-appointment-following-ceo-brian-niccols-move-to-starbucks-adam-rymer-to">transition at Chipotle</a>, where Adam Rymer was fast-tracked to the CFO position following Niccol&#8217;s departure. 
Additionally, Starbucks&#8217; international operations have faced challenges. The company&#8217;s operator in Malaysia reported significant losses due to <a href="https://www.benzinga.com/news/earnings/24/08/40606357/starbucks-operator-in-malaysia-hit-hard-by-anti-israel-boycotts-reports-significant-loss">anti-Israel boycotts</a>.
Price Action: Starbucks stock closed at $93.34 on Tuesday, up 1.23% for the day. In pre-market trading, the stock was down 0.17% at the time of writing. However, year to date, the stock is down 0.35%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40770418/trumps-media-company-stock-is-up-nearly-8-in-mondays-premarket-whats-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Media Company Stock Is Up Nearly 8% In Monday&#8217;s Premarket: What&#8217;s Going On?</a></li>
</ul>
Image Via 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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Brian Niccol Outlines Vision To Reconnect Starbucks With Community Coffeehouse Roots On His 2nd Day As CEO

<ul>
<li>Chipotle's Mexican-inspired, tender Smoked Brisket returns to the menu after three years.</li>
<li>Fans can experience Smoked Brisket with a $0 delivery fee offer&#x2A; for a limited time.</li>
</ul>
NEWPORT BEACH, Calif., Sept. 10, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) today announced Smoked Brisket is back on the grill at participating restaurants in the U.S. and Canada for a limited time. Smoked Brisket has remained a top requested menu item for Chipotle to bring back among fans on social media since it was first introduced three years ago.&nbsp;

Chipotle Brings Back Smoked Brisket In The U.S. And Canada

These ten large-cap stocks were the best performers in August. Are they in your portfolio?
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<li>Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) shares rose 34.11%. It reported strong second-quarter results and <a href="https://www.benzinga.com//node/40599688" target="_blank" rel="noreferrer noopener">issued&nbsp;above-estimate guidance</a>.</li>
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<li>Aspen Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>) shares rose 28.64%. The company reported better-than-<a href="https://www.benzinga.com//node/40226872" target="_blank" rel="noreferrer noopener">expected&nbsp;fourth-quarter results</a>.</li>
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<li>Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) stock was up 25.91%. Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) CEO and Chairman Brian Niccol was named Starbucks' new Chairman and <a href="https://www.benzinga.com//node/40338228" target="_blank" rel="noreferrer noopener">Chief Executive Officer, effective September 9</a>.</li>
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Affirm, Shopify And Starbucks Were Among Top 10 Large Cap Best Performers For August: Are The Others In Your Portfolio?

Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) has outperformed the market over the past 5 years by 15.15% on an annualized basis producing an average annual return of 27.78%. Currently, Chipotle Mexican Grill has a market capitalization of $73.31 billion. 
Buying $1000 In CMG: If an investor had bought $1000 of CMG stock 5 years ago, it would be worth $3,196.57 today based on a price of $53.53 for CMG at the time of writing.
<h3>Chipotle Mexican Grill's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725656417_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.

$1000 Invested In Chipotle Mexican Grill 5 Years Ago Would Be Worth This Much Today

Deep-pocketed investors have adopted a bearish 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 18 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 38% leaning bullish and 50% bearish. Among these notable options, 9 are puts, totaling $476,722, and 9 are calls, amounting to $567,849.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $60.0 for Chipotle Mexican Grill over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
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 $40.0 to $60.0 in the last 30 days. 
<h3>Chipotle Mexican Grill Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725634911_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</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>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$7.1</td>
<td>$6.9</td>
<td>$7.02</td>
<td>$50.00</td>
<td>$104.5K</td>
<td>2.6K</td>
<td>175</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.1</td>
<td>$1.95</td>
<td>$2.0</td>
<td>$55.00</td>
<td>$100.0K</td>
<td>10.4K</td>
<td>691</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$0.9</td>
<td>$0.75</td>
<td>$0.79</td>
<td>$57.00</td>
<td>$78.9K</td>
<td>118</td>
<td>1.0K</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$7.4</td>
<td>$7.1</td>
<td>$7.17</td>
<td>$54.00</td>
<td>$68.0K</td>
<td>1.5K</td>
<td>94</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.9</td>
<td>$6.7</td>
<td>$6.7</td>
<td>$59.00</td>
<td>$63.6K</td>
<td>9.4K</td>
<td>94</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 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.
<h3>Chipotle Mexican Grill's Current Market Status</h3>
<ul>
<li>With a volume of 2,765,878, the price of CMG is up 1.84% at $54.01. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 53 days.</li>
</ul>
<h3>What Analysts Are Saying About Chipotle Mexican Grill</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $63.6.
<ul>
<li>Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Chipotle Mexican Grill, targeting a price of $69. </li>
<li>An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $58. </li>
<li>An analyst from Stifel persists with their Buy rating on Chipotle Mexican Grill, maintaining a target price of $70. </li>
<li>Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Chipotle Mexican Grill, targeting a price of $62. </li>
<li>An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Chipotle Mexican Grill, which currently sits at a price target of $59. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Chipotle Mexican Grill with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Chipotle Mexican Grill Unusual Options Activity

Deep-pocketed investors have adopted a bearish 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 10 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 20% leaning bullish and 50% bearish. Among these notable options, 3 are puts, totaling $116,375, and 7 are calls, amounting to $337,776.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.8 to $84.0 for Chipotle Mexican Grill over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Chipotle Mexican Grill options trades today is 2054.4 with a total volume of 5,627.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Chipotle Mexican Grill's big money trades within a strike price range of $30.8 to $84.0 over the last 30 days.
<h3>Chipotle Mexican Grill Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725381034_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>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$31.9</td>
<td>$28.5</td>
<td>$29.9</td>
<td>$30.80</td>
<td>$89.7K</td>
<td>675</td>
<td>31</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$2.25</td>
<td>$2.2</td>
<td>$2.2</td>
<td>$60.00</td>
<td>$46.8K</td>
<td>5.3K</td>
<td>581</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$0.65</td>
<td>$0.6</td>
<td>$0.63</td>
<td>$56.00</td>
<td>$46.2K</td>
<td>814</td>
<td>2.9K</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$0.85</td>
<td>$0.8</td>
<td>$0.85</td>
<td>$51.00</td>
<td>$45.0K</td>
<td>100</td>
<td>779</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.7</td>
<td>$6.4</td>
<td>$6.4</td>
<td>$64.00</td>
<td>$44.1K</td>
<td>2.1K</td>
<td>0</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 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.
<h3>Chipotle Mexican Grill's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 4,727,293, the CMG's price is down by -3.3%, now at $54.23. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 51 days.</li>
</ul>
<h3>Professional Analyst Ratings for Chipotle Mexican Grill</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $61.8.
<ul>
<li>An analyst from Baird persists with their Outperform rating on Chipotle Mexican Grill, maintaining a target price of $62. </li>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Chipotle Mexican Grill with a target price of $59. </li>
<li>An analyst from Truist Securities persists with their Buy rating on Chipotle Mexican Grill, maintaining a target price of $69. </li>
<li>An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $58. </li>
<li>An analyst from Stephens &amp; Co. downgraded its action to Equal-Weight with a price target of $61. </li>
</ul>
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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