This Is What Whales Are Betting On Chipotle Mexican Grill
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), with 69% of the spotted trades being bearish. The whales have been targeting a price range from $1835.0 to $2200.0 for Chipotle over the last 3 months. The price of CMG is up 0.18% at $1869.51. TD Cowen, Keybanc, BMO Capital, Oppenheimer, and Truist Securities have maintained their ratings on Chipotle, with price targets ranging from $1925 to $2300.
August 22, 2023 | 2:16 pm
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Bearish stance taken by a significant investor on Chipotle Mexican Grill. Price targets range from $1925 to $2300.
The bearish stance taken by a significant investor, along with the majority of spotted trades being bearish, could potentially lead to a decrease in the stock price. However, the maintained ratings and price targets by various firms indicate a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100