Chipotle Mexican Grill Unusual Options Activity - Chipotle Mexican Grill (NYSE:CMG)

Core Insights - Whales have adopted a bearish stance on Chipotle Mexican Grill, with 44% of trades being bearish compared to 37% bullish [1] - The price range targeted by whales for Chipotle over the last three months is between $25.0 and $42.0 [2] - The company has a significant options trading volume and open interest, indicating investor interest in its options [3] Company Overview - Chipotle Mexican Grill is the largest fast-casual chain restaurant in the U.S., with systemwide sales of $11.3 billion in 2024 [8] - The company operates 3,726 stores, primarily in the U.S., with a small presence in Canada, the UK, France, and Germany [8] - Revenue is generated entirely from restaurant sales and delivery fees, focusing on competitive pricing and high-quality food sourcing [8] Analyst Ratings - The average target price from five industry analysts is $39.8, with varying ratings from different firms [9][10] - Wells Fargo maintains an Overweight rating with a price target of $45, while Mizuho and JP Morgan hold Neutral ratings with targets of $34 and $40 respectively [10] - RBC Capital continues with an Outperform rating, also targeting a price of $40 [10] Trading Metrics - The current trading volume for Chipotle is 13,617,818, with a price increase of 0.56% to $30.52 [12] - RSI readings suggest the stock may be approaching oversold conditions [12]