It offers a focused menu of burritos, tacos, burrito bowls, and salads prepared using… Chipotle Mexican Grill’s stock is owned by many different retail and institutional investors. If you want to stay updated on the latest options trades for Chipotle Mexican Grill, Benzinga Pro gives you real-time options trades alerts. 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 $1500.0 to $2050.0 over the last 30 days. In the restaurant space, Cramer’s Investing Club owns shares of Starbucks (SBUX).
CMG, -0.16% have fallen for nine straight trading days, following a brief rebound in the wake of the company’s second-quarter earnings. Chipotle reported a 10.5% increase in digital sales in its second quarter ended June; digital now makes up nearly half of total sales. Still, in the race to make the fast casual and fast food experience even more convenient, Bapis warns that companies need to be careful. Cramer said he remains a believer in Chipotle’s investment prospects, designating the company a “senior growth stock” alongside the likes of apparel maker Lululemon (LULU) and database software firm MongoDB (MDB). Chipotle pioneered the fast-casual concept, and investors should take advantage of the recent dip in its share price. The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
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Here are some of the tickers on my radar for Tuesday, Sept. 5, taken directly from my reporter’s notebook. In 2022, CMG’s revenue was $8.63 billion, an increase of 14.41% compared to the previous year’s $7.55 billion.
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $8.6 billion in 2022. 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. shares fell 8% in the after-hours session Wednesday after the fast-casual restaurant chain beat Wall Street expectations for quarterly earnings but called for a slightly we…
- Once again, Marketbeat.com’s list of Most Downgraded Stocks has some interesting names.
- Chipotle Mexican Grill saw a decline in short interest in August.
- Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
- Chipotle pioneered the fast-casual concept, and investors should take advantage of the recent dip in its share price.
- The S&P 500 lost 0.6% on Thursday, July 27, 2023, as stronger-than-anticipated U.S. economic growth revived concerns the Fed may keep raising interest rates.
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Terms of Service apply. Sign-up to receive the latest news and ratings for Chipotle Mexican Grill and its competitors with MarketBeat’s FREE daily newsletter. Chipotle Chairman and CEO Brian Niccol sits down with ‘Mad Money’ host Jim Cramer to talk quarterly results and why he says he is proud of Chipotle’s performance.
This Is What Whales Are Betting On Chipotle Mexican Grill
“What’s going to be important is which companies can control quality, keep the speed and continue to expand, and I think that’s where the analysts are trying to shake out on who is going to lead,” he said. “The innovation with technology and quality is a tough combination to master.” Here’s a full list of the stocks in Jim Cramer’s Charitable Trust, the portfolio used by the CNBC Investing Club. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. We’d like to share more about how we work and what drives our day-to-day business.
Investment fund Pershing Square has cut its stakes in consumer stocks, adding to its Alphabet holdings for AI exposure. Chipotle is paying more than $300,000 to settle allegations of child labor in Washington, D.C. D.C. Alleges Chipotle let minors work over 48 hours a week and more than six straight days a week.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. The firm increased its price target to $2,250 a share this week, a street high that implies 17% upside from where it’s trading now.
Yahoo Finance anchor Julie Hyman breaks down three things to know for July 27, 2023 including the latest financial news for Threads, McDonalds, and Chipotle. The S&P 500 lost 0.6% on Thursday, July 27, 2023, as stronger-than-anticipated U.S. economic growth https://investmentsanalysis.info/ revived concerns the Fed may keep raising interest rates. LOS ANGELES–(BUSINESS WIRE)– #chipotle–Lisa Shibata, who serves as Director of Sustainability for Chipotle Mexican Grill, is a featured guest this week on the Impact Podcast with John Shegerian.
Chipotle Sales Fall Short on Higher Prices
Chipotle stock “is going back over $2,000 [per share], and it’s going to do it in a heartbeat,” Cramer said. It’s been over a month since Chipotle closed at above that level. But since its recent low on Aug. 10, the stock has climbed more than 5%, including Tuesday’s roughly 0.5% intraday gain, to around $1,948 per share. Management’s forecast for the next quarter disappointed stock market investors.
27 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Chipotle Mexican Grill in the last twelve months. There are currently 7 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street Bottom up investing analysts is that investors should “moderate buy” CMG shares. Chipotle shares tumbled after the restaurant chain’s sales came in short of expectations as the company raised prices because of higher ingredient costs.
Where Does the Supply Chain Crisis Stand Now?
Shares are less than 1% away from a late August record high. While the stock is up nearly 40% this year, its ascent has slowed over the past month. You will receive a text from us shortly asking you to confirm your mobile number.
- Management’s forecast for the next quarter disappointed stock market investors.
- Here’s a full list of the stocks in Jim Cramer’s Charitable Trust, the portfolio used by the CNBC Investing Club.
- “And even though it’s consolidated or digested those gains, it really still looks just fine from a long-term momentum perspective.”
- Analysts credited higher margin offerings and digital sales strength as reasons to get bullish.
- Chipotle Chairman and CEO Brian Niccol sits down with ‘Mad Money’ host Jim Cramer to talk quarterly results and why he says he is proud of Chipotle’s performance.
It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California. Chipotle Mexican Grill, Inc. engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers a focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA. While most restaurant companies crushed earnings expectations, a number of them fell short of Wall Street’s estimates for their quarterly revenue.
Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Motley Fool senior analyst John Rotonti walks you through the most important financial statements using Chipotle as an example. Investors can’t forget about the company that’s been long dominating the fast-casual category.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely. Chipotle’s investment in the digital space has helped fuel recent growth, but it’s innovation that’s not exclusive to the burrito chain, according to Michael Bapis, managing director of Vios Advisors at Rockefeller Capital. Stockton said the stock was on her firm’s recommended list but it was removed at the end of July after its surge above $1,815. High expectations weighed on the stock following a mixed earnings report. A fast-casual restaurant chain, Chipotle Mexican Grill focuses on fresh and organic ingredients, tempting diners with gigantic burritos, salads, and more.