Chipotle Mexican Grill, Inc. (NYSE:CMG) saw some unusual options trading activity on Wednesday. Investors purchased 17,681 put options on the company. This represents an increase of 122% compared to the typical daily volume of 7,974 put options.

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Chipotle Mexican Grill by 2.3% in the second quarter. Vanguard Group Inc. now owns 2,783,059 shares of the restaurant operator’s stock worth $1,158,031,000 after buying an additional 63,636 shares in the last quarter. BlackRock Inc. boosted its position in Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock valued at $1,080,155,000 after buying an additional 2,353,372 shares during the period. State Street Corp boosted its position in Chipotle Mexican Grill by 3.7% in the first quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock valued at $551,348,000 after buying an additional 44,694 shares during the period. American Century Companies Inc. boosted its position in Chipotle Mexican Grill by 59.8% in the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock valued at $234,555,000 after buying an additional 210,872 shares during the period. Finally, Carmignac Gestion boosted its position in Chipotle Mexican Grill by 162.5% in the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after buying an additional 319,875 shares during the period. Hedge funds and other institutional investors own 98.37% of the company’s stock.

Chipotle Mexican Grill (NYSE:CMG) opened at 308.79 on Monday. Chipotle Mexican Grill has a 1-year low of $296.00 and a 1-year high of $499.00. The company’s 50 day moving average is $346.84 and its 200 day moving average is $419.75. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 66.38 and a beta of 0.62.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. Chipotle Mexican Grill’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. Equities research analysts forecast that Chipotle Mexican Grill will post $7.67 EPS for the current year.

CMG has been the topic of a number of research reports. Mizuho reiterated a “buy” rating and issued a $533.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, June 21st. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Chipotle Mexican Grill in a report on Wednesday, July 12th. Maxim Group reiterated a “hold” rating and issued a $440.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, June 20th. Zacks Investment Research downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a report on Tuesday, June 20th. Five analysts have rated the stock with a sell rating, twenty-five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Chipotle Mexican Grill has a consensus rating of “Hold” and a consensus price target of $402.27.

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About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

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