This Is What Whales Are Betting On Chipotle Mexican Grill
Portfolio Pulse from Benzinga Insights
Investors have shown a bullish stance on Chipotle Mexican Grill (CMG), with unusual options activity indicating a price target range of $2340 to $3120 over the next three months. The activity includes 22 trades, with a sentiment split of 63% bullish and 36% bearish. The largest trades are predominantly calls, suggesting expectations of a price increase. Chipotle, the largest fast-casual chain in the U.S., has seen its stock price rise by 0.86% to $2880.58, with analysts giving an average target price of $3150.
April 05, 2024 | 3:45 pm
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Unusual options activity in CMG indicates a bullish sentiment among investors, with a price target range of $2340 to $3120. Analysts' average target price is $3150, suggesting potential upside.
The significant options activity, particularly the volume of calls over puts, suggests that investors are expecting CMG's stock price to rise. This is further supported by the analysts' target prices, which are above the current trading price. The bullish sentiment among both institutional and retail investors, combined with positive analyst ratings, indicates a potential short-term price increase for CMG.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100