El interés en corto de Chipotle Mexican Grill da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Chipotle Mexican Grill. Los datos de interés en corto se actualizan cada dos semanas.

Chipotle Mexican Grill (NYSE:CMG) Bolsa, Informe de interés en corto

Chipotle Mexican Grill

Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. 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.

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Descubre las recomendaciones de expertos en &#39;Halftime Report&#39; de CNBC, con foco en movimientos clave de Berkshire Hathaway, Chipotle y más.

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Chipotle Mexican Grill, Inc. Common Stock

Chipotle Mexican Grill Inc

CMGE TECHNOLOGIES GROUP by CMGE TECHNOLOGIES GROUP.

CMGE Technology Group Ltd

CI MUNRO GLBL GRW EY HDG SRS UNT ETF

COMML INTL BK LTD S/GDR by Commercial International Bank Ltd.

Commercial International Bank - Egypt CIB

CHAODA MODERN AGRCLTRE HL by Chaoda Modern Agriculture Holdings Ltd.

Chaoda Modern Agriculture (Holdings) Ltd

CHAODA MODERN AGRC UN/ADR by Chaoda Modern Agriculture Holdings Ltd.

COMMERCIAL INTL BKGDR144A by Commercial International Bank Ltd.

Chemring Group PLC

CHEMRING GRP PLC UNSP/ADR by Chemring Group Plc.

CMG HOLDINGS GROUP INC by CMG Holdings Group, Inc.

CMG Holdings Group Inc

CLUBHOUSE MEDIA GROUP INC by CLUBHOUSE MEDIA GROUP INC.

Clubhouse Media Group Inc

UBS (CMCI GSCI) USD ETF

Deep-pocketed investors have adopted a bullish approach towards Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CMG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 27 extraordinary options activities for Chipotle Mexican Grill. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 51% leaning bullish and 37% bearish. Among these notable options, 8 are puts, totaling $701,903, and 19 are calls, amounting to $1,171,872.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $36.0 to $79.0 for Chipotle Mexican Grill during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Chipotle Mexican Grill options trades today is 3676.94 with a total volume of 11,686.00.
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 $36.0 to $79.0 over the last 30 days.
<h3>Chipotle Mexican Grill Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728936033_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.1</td>
<td>$3.9</td>
<td>$3.95</td>
<td>$50.00</td>
<td>$395.0K</td>
<td>8.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$1.0</td>
<td>$0.95</td>
<td>$0.99</td>
<td>$65.00</td>
<td>$153.4K</td>
<td>2.2K</td>
<td>1.9K</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$14.1</td>
<td>$13.7</td>
<td>$14.1</td>
<td>$56.00</td>
<td>$118.4K</td>
<td>23</td>
<td>92</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.75</td>
<td>$2.7</td>
<td>$2.75</td>
<td>$60.00</td>
<td>$112.7K</td>
<td>7.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$16.4</td>
<td>$15.8</td>
<td>$15.8</td>
<td>$50.00</td>
<td>$110.6K</td>
<td>1.9K</td>
<td>353</td>
</tr>
</tbody>
</table>

<h3>About Chipotle Mexican Grill</h3>
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. 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.
<h3>Current Position of Chipotle Mexican Grill</h3>
<ul>
<li>Trading volume stands at 4,413,506, with CMG's price up by 1.17%, positioned at $59.34.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 15 days.</li>
</ul>
<h3>What The Experts Say On Chipotle Mexican Grill</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $65.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Oppenheimer downgraded its rating to Outperform, setting a price target of $65. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Chipotle Mexican Grill, targeting a price of $71. 
&#x2A; Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Chipotle Mexican Grill with a target price of $59. 
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.
If you want to stay updated on the latest options trades for Chipotle Mexican Grill, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Chipotle Mexican Grill Unusual Options Activity For October 14

Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is scaling back on promotions under new CEO Brian Niccol. The company is focusing on premium coffee after a year of heavy discounting, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/business/hospitality/starbucks-coffee-discounts-strategy-ceo-dcbde38b?mod=business_lead_pos1" rel="noreferrer noopener">reports</a>.
Since Niccol's appointment in August, the coffee chain has reduced its discounts, aiming to improve in-store experiences and reinforce its premium image, the WSJ cites company executives and baristas.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40892040/starbucks-north-america-ceo-michael-conway-quits-after-just-6-months-in-the-position" rel="noreferrer noopener">Starbucks North America CEO Michael Conway Quits After Just 6 Months In The Position</a>
In September, Brian Niccol, on his second day as Starbucks CEO, <a target="_blank" href="https://www.benzinga.com//node/40809142" rel="noreferrer noopener">announced plans</a> to return the company to its roots as a community coffeehouse.
Niccol is known for turning around Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) and Taco Bell, which is owned by Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) is Starbucks' fourth CEO in two years. He takes over amid declining sales and pressure from employees and investors.
Starbucks has experienced falling sales for two consecutive quarters. Customers have complained about high prices, slow app orders, and subpar food options.
The company has also faced union organizing efforts due to dissatisfaction with working conditions, pay, and benefits.
Now, the company has moved away from broad offers and will emphasize seasonal drinks through holiday advertising instead of discounts.
Under Niccol, the focus is shifting toward delivering high-quality, handcrafted coffee and improving customer service rather than relying on frequent offers and deals.
After years of raising menu prices, restaurant chains like Starbucks have increasingly used discounts this year to attract customers. Executives explained that price hikes were needed to offset rising costs and wages.
Starbucks' <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/40051434/starbucks-q3-earnings-revenue-miss-eps-in-line-comps-down-3-action-plan-is-beginning-to-work" rel="noreferrer noopener">third-quarter revenue</a> was $9.10 billion, lagging the&nbsp;analyst consensus estimate of $9.24 billion. The company reported EPS of $0.93, in line with consensus analyst estimates. Comparable store sales declined 3% due to a&nbsp;5%&nbsp;decline in comparable transactions.
Starbucks&nbsp;stock gained over 2% in the last 12 months. In September, Jefferies analyst Andy Barish downgraded Starbucks from Hold to Underperform and lowered the <a target="_blank" href="https://www.benzinga.com/quote/SBUX/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$80&nbsp;to&nbsp;$76</a>.
Investors can gain exposure to Starbucks through Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), and SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
<h2 class="wp-block-heading">Starbucks Stock Prediction For 2024</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Starbucks have an average 1-year price target of $97.68, representing an expected upside of 2.23%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. 2 analysts have bearish recommendations on Starbucks, while 18 analysts have bullish ratings. The street high price target from Evercore ISI Group is $120.0, while the street low from Jefferies is $76.0.
Price Action: SBUX stock is down 0.26% at $95.30 premarket at the last check Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41163538/starbucks-invests-in-future-proof-coffee-new-farms-in-latin-america-and-beyond-to-tackle-climate" target="_blank" rel="noreferrer noopener">Starbucks Invests In Future-Proof Coffee: New Farms In Latin America And Beyond To Tackle Climate Challenges</a></li>
</ul>
Photo via Shutterstock

SBUX

Starbucks Shifts Strategy: Fewer Deals, More Focus on Quality Coffee and Holiday Favorites

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$220.00</td>
<td>$36.5K</td>
<td>2.7K</td>
<td>196.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$150.00</td>
<td>$53.8K</td>
<td>34.3K</td>
<td>6.4K</td>
</tr>
<tr>
<td>M</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$17.00</td>
<td>$37.7K</td>
<td>3.6K</td>
<td>3.8K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$130.00</td>
<td>$48.6K</td>
<td>9.8K</td>
<td>3.1K</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$42.00</td>
<td>$47.2K</td>
<td>1.5K</td>
<td>2.2K</td>
</tr>
<tr>
<td>TCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$65.00</td>
<td>$36.1K</td>
<td>1.8K</td>
<td>630</td>
</tr>
<tr>
<td>LVS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$47.50</td>
<td>$32.7K</td>
<td>1.5K</td>
<td>560</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$60.00</td>
<td>$38.0K</td>
<td>20.8K</td>
<td>542</td>
</tr>
<tr>
<td>SHAK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$105.00</td>
<td>$76.4K</td>
<td>106</td>
<td>415</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$50.00</td>
<td>$28.8K</td>
<td>802</td>
<td>251</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 315 contract(s) at a $220.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $116.0 per contract. There were 2743 open contracts at this strike prior to today, and today 196033 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $53.8K, with a price of $269.0 per contract. There were 34397 open contracts at this strike prior to today, and today 6416 contract(s) were bought and sold. 
• For M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), we notice a call option sweep that happens to be bullish, expiring in 133 day(s) on February 21, 2025. This event was a transfer of 319 contract(s) at a $17.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $37.7K, with a price of $118.0 per contract. There were 3687 open contracts at this strike prior to today, and today 3801 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option sweep that happens to be bearish, expiring in 35 day(s) on November 15, 2024. This event was a transfer of 202 contract(s) at a $130.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $241.0 per contract. There were 9827 open contracts at this strike prior to today, and today 3197 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a put option sweep with bullish sentiment. It expires in 35 day(s) on November 15, 2024. Parties traded 200 contract(s) at a $42.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $47.2K, with a price of $236.0 per contract. There were 1535 open contracts at this strike prior to today, and today 2243 contract(s) were bought and sold. 
• Regarding TCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on October 18, 2024. Parties traded 154 contract(s) at a $65.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $36.1K, with a price of $235.0 per contract. There were 1880 open contracts at this strike prior to today, and today 630 contract(s) were bought and sold. 
• Regarding LVS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), we observe a put option sweep with bullish sentiment. It expires in 70 day(s) on December 20, 2024. Parties traded 315 contract(s) at a $47.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $32.7K, with a price of $104.0 per contract. There were 1519 open contracts at this strike prior to today, and today 560 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a call option trade that happens to be bearish, expiring in 98 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $380.0 per contract. There were 20826 open contracts at this strike prior to today, and today 542 contract(s) were bought and sold. 
• For SHAK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on October 18, 2024. This event was a transfer of 325 contract(s) at a $105.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $76.4K, with a price of $235.0 per contract. There were 106 open contracts at this strike prior to today, and today 415 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a put option trade that happens to be bearish, expiring in 252 day(s) on June 20, 2025. This event was a transfer of 50 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $576.0 per contract. There were 802 open contracts at this strike prior to today, and today 251 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BABA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

SHAK

TCOM

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Wells Fargo raised Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) price target from $40 to $52. Wells Fargo analyst Andrew Bauch upgraded the stock from Equal-Weight to Overweight. Affirm shares fell 2.9% to close at $42.01 on Thursday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised the price target for Cinemark Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) from $29 to $35. Morgan Stanley analyst Benjamin Swinburne maintained an Overweight rating. Cinemark shares gained 4.7% to close at $28.63 on Thursday. <a href="https://www.benzinga.com/quote/CNK/analyst-ratings">See </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">how other analysts view this stock.</a></li>
<li>Mizuho cut the price target for Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) from $30 to $13. Mizuho analyst Vijay Rakesh downgraded the stock from Outperform to Neutral. Mobileye shares gained 1.8% to close at $12.29 on Thursday. <a href="https://www.benzinga.com/quote/MBLY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) price target from $390 to $421. Morgan Stanley analyst Hamza Fodderwala maintained an Overweight rating. Palo Alto shares gained 1.8% to close at $369.40 on Thursday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut Valneva SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALN#NASDAQ">VALN</a>) price target from $23 to $20. HC Wainwright &amp; Co. analyst Edward White maintained a Buy rating. Valneva shares fell 1% to close at $5.69 on Thursday. <a href="https://www.benzinga.com/quote/VALN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) price target from $62 to $70. Baird analyst Colin Sebastian maintained an Outperform rating. eBay shares fell 1.3% to close at $66.05 on Thursday. <a href="https://www.benzinga.com/quote/EBAY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised the price target for Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) from $23 to $27. B of A Securities analyst Neel Mitra upgraded the stock from Neutral to Buy. Kinder Morgan rose 1% to close at $23.72 on Thursday. <a href="https://www.benzinga.com/quote/KMI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) price target from $56 to $59. Piper Sandler analyst Brian Mullan maintained a Neutral rating. Chipotle shares gained 0.7% to close at $58.33 on Thursday. <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan raised the price target for Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) from $385 to $525. JP Morgan analyst Ryan Brinkman upgraded the stock from Neutral to Overweight. Ferrari shares fell 0.7% to close at $453.27 on Thursday. <a href="https://www.benzinga.com/quote/RACE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) price target from $9 to $7. Morgan Stanley analyst Erin Wright maintained an Underweight rating. Walgreens shares rose 1.4% to close at $9.03 on Thursday. <a href="https://www.benzinga.com/quote/WBA/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Piper Sandler analyst Brian Mullan maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Neutral and raises the price target from $56 to $59.

Piper Sandler Maintains Neutral on Chipotle Mexican Grill, Raises Price Target to $59

Investors with a lot of money to spend have taken a bullish stance on Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CMG, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 29 uncommon options trades for Chipotle Mexican Grill.
This isn't normal.
The overall sentiment of these big-money traders is split between 72% bullish and 24%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $362,087, and 21 are calls, for a total amount of $1,942,564.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $67.0 for Chipotle Mexican Grill over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Chipotle Mexican Grill's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Chipotle Mexican Grill's whale trades within a strike price range from $35.0 to $67.0 in the last 30 days. 
<h3>Chipotle Mexican Grill 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728407761_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$3.4</td>
<td>$3.2</td>
<td>$3.3</td>
<td>$59.40</td>
<td>$660.0K</td>
<td>609</td>
<td>2.0K</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$10.6</td>
<td>$10.4</td>
<td>$10.6</td>
<td>$53.00</td>
<td>$160.0K</td>
<td>848</td>
<td>2</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$15.7</td>
<td>$15.6</td>
<td>$15.7</td>
<td>$49.00</td>
<td>$142.8K</td>
<td>415</td>
<td>149</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$23.8</td>
<td>$23.7</td>
<td>$23.7</td>
<td>$36.00</td>
<td>$118.5K</td>
<td>544</td>
<td>50</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.4</td>
<td>$6.1</td>
<td>$6.2</td>
<td>$55.00</td>
<td>$93.0K</td>
<td>5.8K</td>
<td>302</td>
</tr>
</tbody>
</table>

<h3>About Chipotle Mexican Grill</h3>
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. 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.
<h3>Current Position of Chipotle Mexican Grill</h3>
<ul>
<li>Currently trading with a volume of 3,851,042, the CMG's price is up by 2.11%, now at $57.93. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 21 days.</li>
</ul>
<h3>Expert Opinions on Chipotle Mexican Grill</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $67.0.
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&#x2A; An analyst from TD Cowen has revised its rating downward to Buy, adjusting the price target to $65. 
&#x2A; An analyst from Oppenheimer has revised its rating downward to Outperform, adjusting the price target to $65. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Chipotle Mexican Grill, targeting a price of $71. 
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A Closer Look at Chipotle Mexican Grill's Options Market Dynamics

Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) has outperformed the market over the past 10 years by 4.4% on an annualized basis producing an average annual return of 16.15%. Currently, Chipotle Mexican Grill has a market capitalization of $79.68 billion. 
Buying $100 In CMG: If an investor had bought $100 of CMG stock 10 years ago, it would be worth $454.93 today based on a price of $58.18 for CMG at the time of writing.
<h3>Chipotle Mexican Grill's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728396011_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Chipotle Mexican Grill Stock In The Last 10 Years

Citigroup analyst Jon Tower maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and raises the price target from $69 to $71.

Citigroup Maintains Buy on Chipotle Mexican Grill, Raises Price Target to $71

Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) announces the opening of its first restaurant in Dubai today in partnership with leading international franchise retail operator Alshaya Group. Located at 'The Beach' at Jumeirah Beach Residence (JBR), this new location marks Chipotle's first restaurant in the United Arab Emirates, with a second location planned to open in the region at the Dubai Hills Mall in the coming months.
The new Chipotle at JBR is set in a marquee location along the beachside boulevard, spanning over 6,000 square feet, and is open from 10:00am – 12:00am local time on weekdays; and until 1:00am local time on weekends.
In April, Chipotle's expansion into the Middle East began with a restaurant at The Avenues,&nbsp;Kuwait's&nbsp;largest shopping mall, which marked the first time the company had entered a new country in over 10 years. Last month, Alshaya Group opened a second Chipotle restaurant in Kuwait, located at The Walk Mall in Ardiya.

Global

Chipotle's First Restaurant Opens In Dubai With Alshaya Group, Located At 'The Beach' At Jumeirah Beach Residence

Whales with a lot of money to spend have taken a noticeably bullish stance on Chipotle Mexican Grill.
Looking at options history for Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 42% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $307,320 and 11, calls, for a total amount of $495,855.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $36.0 to $58.7 for Chipotle Mexican Grill over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Chipotle Mexican Grill's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Chipotle Mexican Grill's whale activity within a strike price range from $36.0 to $58.7 in the last 30 days. 
<h3>Chipotle Mexican Grill Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727802993_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.2</td>
<td>$5.0</td>
<td>$5.2</td>
<td>$52.00</td>
<td>$130.0K</td>
<td>843</td>
<td>1</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.8</td>
<td>$0.75</td>
<td>$0.75</td>
<td>$55.00</td>
<td>$128.1K</td>
<td>10.7K</td>
<td>1.7K</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$22.8</td>
<td>$22.6</td>
<td>$22.8</td>
<td>$36.00</td>
<td>$114.0K</td>
<td>565</td>
<td>50</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.1</td>
<td>$1.05</td>
<td>$1.1</td>
<td>$58.00</td>
<td>$63.0K</td>
<td>2.6K</td>
<td>800</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$20.5</td>
<td>$20.2</td>
<td>$20.2</td>
<td>$41.00</td>
<td>$60.6K</td>
<td>205</td>
<td>50</td>
</tr>
</tbody>
</table>

<h3>About Chipotle Mexican Grill</h3>
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. 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.
<h3>Chipotle Mexican Grill's Current Market Status</h3>
<ul>
<li>With a trading volume of 3,426,707, the price of CMG is down by -1.29%, reaching $56.88.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 28 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Chipotle Mexican Grill</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $65.0.
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&#x2A; An analyst from Oppenheimer has revised its rating downward to Outperform, adjusting the price target to $65. 
&#x2A; An analyst from TD Cowen has revised its rating downward to Buy, adjusting the price target to $65. 
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.
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Market Whales and Their Recent Bets on CMG Options

34 analysts have shared their evaluations of Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $150.63, a high estimate of $3050.00, and a low estimate of $53.00. This current average has decreased by 71.67% from the previous average price target of $531.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1727701220_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of Chipotle Mexican Grill by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Bittner</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Cowen</td>
<td>Maintains</td>
<td>Buy</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$58.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>David Palmer</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$59.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>David Tarantino</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$62.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Chris O'Cull</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$70.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Lauren Silberman</td>
<td>Deutsche Bank</td>
<td>Maintains</td>
<td>Buy</td>
<td>$67.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$58.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Jim Salera</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$61.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$69.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Gregory Francfort</td>
<td>Guggenheim</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$54.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Eric Gonzalez</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$66.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$69.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Brian Vaccaro</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$62.50</td>
<td>$70.00</td>
</tr>
<tr>
<td>Alton Stump</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$53.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>David Palmer</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Lauren Silberman</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Buy</td>
<td>$67.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Andrew Strelzik</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$55.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$67.00</td>
<td>$74.60</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$69.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Brian Bittner</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$55.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Brian Mullan</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$56.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Andrew Charles</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$65.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Jim Salera</td>
<td>Stephens &amp; Co.</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$61.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Nick Setyan</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$54.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Gregory Francfort</td>
<td>Guggenheim</td>
<td>Raises</td>
<td>Neutral</td>
<td>$55.00</td>
<td>$54.50</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Adjusts</td>
<td>Equal-Weight</td>
<td>$58.00</td>
<td>$2865.00</td>
</tr>
<tr>
<td>David Palmer</td>
<td>Evercore ISI Group</td>
<td>Adjusts</td>
<td>Outperform</td>
<td>$72.00</td>
<td>$3600.00</td>
</tr>
<tr>
<td>Brian Mullan</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$60.00</td>
<td>$61.40</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$71.00</td>
<td>$67.38</td>
</tr>
<tr>
<td>Jim Salera</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$3050.00</td>
<td>$3050.00</td>
</tr>
<tr>
<td>Eric Gonzalez</td>
<td>Keybanc</td>
<td>Adjusts</td>
<td>Overweight</td>
<td>$68.00</td>
<td>$3400.00</td>
</tr>
<tr>
<td>Chris O'Cull</td>
<td>Stifel</td>
<td>Adjusts</td>
<td>Buy</td>
<td>$70.00</td>
<td>$3270.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Chipotle Mexican Grill. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Chipotle Mexican Grill compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Chipotle Mexican Grill's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Chipotle Mexican Grill's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CMG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Chipotle Mexican Grill analyst ratings.</a>
<h2>All You Need to Know About Chipotle Mexican Grill</h2>
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. 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.
<h3>Key Indicators: Chipotle Mexican Grill's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Chipotle Mexican Grill's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 18.22%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 15.33%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Chipotle Mexican Grill's ROE stands out, surpassing industry averages. With an impressive ROE of 12.88%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Chipotle Mexican Grill's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 5.26%, the company showcases efficient use of assets and strong financial health.
Debt Management: Chipotle Mexican Grill's debt-to-equity ratio is below the industry average at 1.15, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 34 Analysts Discuss Chipotle Mexican Grill Stock

Oppenheimer analyst Brian Bittner reiterates Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Outperform and maintains $65 price target.

Reiteration

Oppenheimer Reiterates Outperform on Chipotle Mexican Grill, Maintains $65 Price Target

Starbucks Corporation&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) stock is trading just below the Zacks Restaurant industry.&nbsp; With a forward 12-month Price/Earnings ratio of 24.79x, it sits marginally below the industry average of 24.97x. Despite this, SBUX remains priced higher than the broader Retail-Wholesale sector, which stands at 23.96x and the S&amp;P 500, which averages 21.86x.
In the past three months, Starbucks&#39; shares have surged 25.2% compared with the restaurant industry&#39;s 10.9% rise and the S&amp;P 500&#39;s 4.7% rise. Even among the top industry players, SBUX stands tall, outperforming McDonald&#39;s Corporation, which rose 19.2%, and leaving Chipotle Mexican Grill, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmg#NYSE">CMG</a>), down 7.3%, and Yum! Brands, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yum#NYSE">YUM</a>), up 4.2%, in the rearview.
<h2>Stock Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a6/79503.jpg?v=1442114200" />
Image Source: Zacks Investment Research
Technical indicators suggest continued strong performance for SBUX. The stock trades above its 50 and 200-day moving averages, signaling robust upward momentum and price stability. This technical strength underscores positive market sentiment and confidence in SBUX&#39;s financial health and prospects.
<h2>50 &amp; 200-Day Moving Averages</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/07/79504.jpg?v=664760601" />
Image Source: Zacks Investment Research
<h2>Brian Niccol&#39;s Leadership: A Game Changer for SBUX</h2>
Starbucks&#39; recent stock rally can largely be attributed to the appointment of Brian Niccol as its new CEO, succeeding Laxman Narasimhan. Niccol, known for his successful leadership at Chipotle, where he guided the company through a significant turnaround and drove strong same-store sales growth, brings a wealth of experience to Starbucks.
His expertise in leveraging technology, automation and customer engagement is a perfect fit for Starbucks&#39; evolving needs. Niccol&#39;s strategic focus on efficiency and customer experience is expected to streamline operations and elevate the customer journey, which is crucial for managing Starbucks&#39; expansive and intricate menu offerings.
<h2>Expansion Efforts to Aid SBUX</h2>
The company is continuously focusing on expansion to drive growth. In the fiscal 2020, 2021, 2022 and 2023, the company added 1,400, 1,173, 1,120 and 2,327 net new stores, respectively. During the first-, second- and third-quarter fiscal 2024, the company opened 549, 364 and 526 net new stores. This brings the total global store count to 39,477 as of June 30, 2024, with 52% company-operated and 48% licensed stores. For the fiscal 2024, management projects global store growth to be approximately 6%.
Starbucks&#39; focus on operational excellence, backed by a reinvention plan, resulted in significant improvements. During the fiscal third quarter, out-of-the-window times have improved year over year, customer contact center calls for long order times have been reduced (by nearly 50%) and Mobile Order &amp; Pay and delivery uptime rates have reached 99%. These indicators reflect efforts to enhance customer wait times, product availability and the overall customer experience.
<h2>Menu Innovation Aids SBUX</h2>
In the third quarter, the company experienced a boost in store traffic due to a strong and innovative lineup of products and effective marketing strategies. Their share of cold beverages inched up 1% year over year, accounting for 76% of their beverage sales for the quarter. Customers responded positively to the new Summer-Berry Starbucks Refreshers with Pearls and the revamped iced coffee. Additionally, cold espresso products saw 4% growth year over year.
Building on its successes from the second quarter, SBUX is continuing to expand its product pipeline over the next two years while speeding up innovation. Acknowledging the rising popularity of energy drinks, they introduced new handcrafted iced energy beverages in U.S. locations.
Looking ahead to the fourth quarter, the company anticipates that its product offerings, including the highly-anticipated return of pumpkin spice and targeted marketing efforts, will attract more customers and enhance engagement with new and loyal patrons.
<h2>Comps and Margin Pressure Hurts SBUX</h2>
Starbucks is struggling with a slower recovery in China, facing fierce competition from value-oriented rivals. Global comparable store sales fell 3% in third-quarter fiscal 2024 year over year, driven by a 5% decline in transactions, despite a 2% rise in average ticket size. North America and International sales also decreased by 2% and 7%, respectively, due to cautious consumer spending. The company expects these challenges to persist, forecasting low single-digit declines to flat growth for global and U.S. comps in 2024, with China&#39;s comps projected to drop 12%.
Starbucks&#39; adjusted operating margin declined to 16.7% in third-quarter fiscal 2024, down 70 basis points from the previous year&#39;s tally, primarily due to rising costs from employee investments and promotional activities. However, some losses were offset by pricing strategies and better store efficiencies.
<h2>End Notes</h2>
The Zacks Rank #3 (Hold) company, trading slightly below the restaurant industry&#39;s average, though it remains higher than broader sectors. The stock&#39;s impressive gain in the past three months, outpacing competitors is bolstered by strong technical indicators, as it trades above its 50 and 200-day moving averages. This momentum is attributed to the new CEO, Brian Niccol, whose focus on efficiency and customer engagement is expected to elevate operations.
Its product innovations, particularly in cold beverages, have driven traffic, but challenges remain, including margin pressure and slow recovery in China, affecting global comparable store sales. Despite these headwinds, Starbucks&#39; reinvention plan and operational improvements offer potential, though margins remain under strain from rising costs.
For long-term investors confident in Starbucks&#39; ability to overcome its current challenges and sustain growth, the stock may present a solid value opportunity. However, new investors might want to hold off until there are more evident signs of recovery, especially in the international market, before committing.
<a href="https://www.zacks.com/stock/news/2342528/is-starbucks-stock-a-buy-sell-or-retain-at-24-79x-p-e?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2342528">To read this article on Zacks.com click here.</a>

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Technicals

Offerings

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Restaurants

Management

General

Is Starbucks Stock a Buy, Sell or Retain at 24.79x P/E?

Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) has outperformed the market over the past 10 years by 4.52% on an annualized basis producing an average annual return of 15.92%. Currently, Chipotle Mexican Grill has a market capitalization of $79.46 billion. 
Buying $1000 In CMG: If an investor had bought $1000 of CMG stock 10 years ago, it would be worth $4,354.25 today based on a price of $58.02 for CMG at the time of writing.
<h3>Chipotle Mexican Grill's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727384429_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $4,400 Today

Financial giants have made a conspicuous bearish move on Chipotle Mexican Grill. Our analysis of options history for Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) revealed 14 unusual trades.
Delving into the details, we found 28% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $244,565, and 11 were calls, valued at $765,953.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $38.0 to $64.0 for Chipotle Mexican Grill over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Chipotle Mexican Grill options trades today is 2823.83 with a total volume of 1,660.00.
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 $38.0 to $64.0 over the last 30 days.
<h3>Chipotle Mexican Grill Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727289084_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$18.9</td>
<td>$18.7</td>
<td>$18.8</td>
<td>$40.00</td>
<td>$188.0K</td>
<td>8.3K</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$18.8</td>
<td>$18.6</td>
<td>$18.7</td>
<td>$40.00</td>
<td>$187.0K</td>
<td>8.3K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$11.0</td>
<td>$10.7</td>
<td>$11.0</td>
<td>$64.00</td>
<td>$93.5K</td>
<td>2.4K</td>
<td style="text-align: right;">87</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.9</td>
<td>$5.6</td>
<td>$5.9</td>
<td>$54.00</td>
<td>$89.6K</td>
<td>1.7K</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$4.9</td>
<td>$4.8</td>
<td>$4.9</td>
<td>$64.00</td>
<td>$83.3K</td>
<td>5.2K</td>
<td style="text-align: right;">188</td>
</tr>
</tbody>
</table>

<h3>About Chipotle Mexican Grill</h3>
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. 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.
<h3>Current Position of Chipotle Mexican Grill</h3>
<ul>
<li>With a volume of 4,720,806, the price of CMG is up 0.23% at $58.09. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 34 days.</li>
</ul>
<h3>What The Experts Say On Chipotle Mexican Grill</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $61.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $58. 
&#x2A; An analyst from TD Cowen downgraded its action to Buy with a price target of $65. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Chipotle Mexican Grill with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

This Is What Whales Are Betting On Chipotle Mexican Grill

Nike, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) is the latest company to take part in what has become a trend among big companies: bringing back an executive to assume <a href="https://www.benzinga.com/news/24/09/40954074/why-nike-shares-are-trading-higher-by-around-7-here-are-20-stocks-moving-premarket">the role of CEO</a>.
The sneaker giant <a href="https://www.benzinga.com/news/24/09/40957353/nikes-new-ceo-elliott-hill-to-focus-on-repairing-retailer-relations">announced on Thursday</a> the appointment of Elliott Hill, the company&#8217;s former president of consumer and marketplace who has been with Nike for three decades, as its new CEO to replace retiring CEO John Donahoe.
Nike is not alone in having an executive — the company&#8217;s former CEO, in many cases — return to the company to fill its top leadership post in a &#8220;Boomerang CEO&#8221; trend.
Read Also: <a href="https://www.benzinga.com/news/24/04/38209892/nike-stock-jumps-on-upgrade-to-buy-as-analyst-says-its-time-to-just-do-it">Nike Stock Jumps On Upgrade To Buy As Analyst Says It&#8217;s &#8216;Time To Just Do It&#8217;</a>
<ul>
<li>Bob Iger: Almost two years ago, Iger returned to The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) <a href="https://www.benzinga.com/general/entertainment/22/11/29798775/bob-iger-returns-as-disney-ceo-after-reports-of-growing-rift-with-bob-chapek">as its CEO</a> to replace CEO Bob Chapek. Iger previously served in that top role from 2005 to 2020. Last July, the company&#8217;s board voted unanimously to extend his CEO contract to <a href="https://www.benzinga.com/news/23/07/33207650/disneys-board-votes-for-continuity-extends-ceo-igers-contract-to-2026">the end of 2026</a>.</li>
</ul>
<ul>
<li>Howard Schulz: In April 2022, Schulz returned to <a href="https://www.benzinga.com/news/22/03/26163125/starbucks-ceo-kevin-johnson-announces-retirement-founder-howard-schultz-to-return-in-interim-role">the CEO post</a> at Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) for the third time in an interim capacity to fill in for retiring CEO Kevin Johnson. Schulz founded the company and served as CEO first from 1986 to 2000 and again from 2008 to 2017. He stepped down as interim CEO in August to <a href="https://www.benzinga.com/top-stories/24/08/40396716/starbucks-new-ceo-brian-niccol-boosts-company-valuation-by-over-15b-in-one-day-whats-his-net-worth">hand over the reins</a> to Brian Niccol, former CEO of Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>).</li>
</ul>
<ul>
<li>Kevin Plank: At the end of April, Plank<a href="https://www.benzinga.com/markets/equities/24/03/37690723/kevin-plank-returns-as-ceo-under-armours-original-visionary-takes-charge-again"> returned as CEO</a> of Under Armour, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) to replace Stephanie Linnartz. He previously served as CEO of the apparel company from 1996, the year he founded it, to 2020.</li>
</ul>
<ul>
<li>Sam Altman: In November 2023, Altman <a href="https://www.benzinga.com/news/23/11/35911061/sam-altman-to-return-as-openai-ceo-as-new-board-collaborating-to-figure-out-details">returned as the CEO</a> of OpenAI just four days after he was ousted from the position. He was reinstated as CEO on Nov. 22, two days after employees demanded that Altman be given back his CEO job.</li>
</ul>
<ul>
<li>Sergio Ermotti: In April 2023, Ermotti returned <a href="https://www.benzinga.com/news/large-cap/23/03/31546168/ubs-rehires-former-ceo-to-oversee-credit-suisse-takeover">as the CEO</a> of UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) to oversee its takeover of Credit Suisse. Ermotti, who assumed the position after CEO Ralph Hamers stepped down, was previously UBS&#8217; CEO from November 2011 to November 2020</li>
</ul>
Price Action: These companies with returning CEOs saw gains and losses into Friday&#8217;s early-afternoon trading.
<ul>
<li>Nike rose 6.41% to $86.17</li>
<li>Walt Disney gained 0.11% to $93.55</li>
<li>Starbucks dropped 0.64% to $96.28</li>
<li>Under Armour edged up 0.87% to $7.55</li>
<li>UBS slipped 1.43% to $29.97</li>
</ul>
Read Now:
<ul>
<li><a href="http://Bob Iger's Success At Disney: New Document Reveals CEO's Biggest Wins According To The Man Himself">Bob Iger&#8217;s Success At Disney: New Document Reveals CEO&#8217;s Biggest Wins According To The Man Himself</a></li>
</ul>
Image: Pixabay
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Nike Executive's Return To Become Top Leader Continues 'Boomerang CEO' Trend At Major Companies

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Shares of restaurant companies are trading higher following the Fed's rate cut, which could boost industry traffic through an increase in consumer discretionary incomes.

In a creative move to support job seekers, Pizza Hut, a subsidiary of Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>), has launched &#8216;ResZAmes&#8217; during <a href="https://www.benzinga.com/news/24/09/40809142/brian-niccol-outlines-vision-to-reconnect-starbucks-with-community-coffeehouse-roots-on-his-2nd-day">New York City&#8217;s &#8220;September Surge&#8221; hiring season</a>.
What Happened: Pizza Hut has rolled out &#8216;ResZAmes&#8217; to assist job seekers in New York City during the &#8216;September Surge&#8217; hiring season, the fast food chain announced in a press release on Wednesday.
This initiative allows job applicants to print their resumes on Pizza Hut&#8217;s iconic pizza boxes and deliver them to potential employers. The unique approach aims to help job seekers stand out in a competitive market.
During the &#8216;September Surge,&#8217; a period marked by increased job opportunities at the start of the fourth quarter, Pizza Hut is leveraging its delivery service to help applicants grab employers&#8217; attention.
Each ResZAmes pizza box will include a medium-sized cheese pizza, ensuring the resume is hard to ignore. The service is available for free, and submissions are open at ResZAmes.com until Sept. 22.
&#8220;We know finding a job can be daunting especially during this key hiring season, so we wanted to lend a hand to our job-seeking customers and help them break through the clutter,&#8221; said Melissa Friebe, Pizza Hut&#8217;s Chief Marketing Officer.
See Also: <a href="https://www.benzinga.com/news/24/09/40869086/trump-vs-harris-new-poll-reveals-post-debate-swing-towards-this-candidate-in-key-state?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs Harris: New Poll Reveals Post-Debate Swing Towards This Candidate In Key State</a>
Why It Matters: The launch of &#8216;ResZAmes&#8217; comes at a crucial time for Yum! Brands, Inc. The company recently reported mixed second-quarter results, with <a href="https://www.benzinga.com/news/earnings/24/08/40192611/yum-brands-ceo-gibbs-highlights-8-profit-growth-target-amid-mixed-q2-results-and-digital-sales-surg">total revenues rising</a> 4% to $1.763 billion but missing the consensus of $1.805 billion. 
Despite this, the company saw a 6% increase in GAAP operating profit and a 10% growth in core operating profit, as highlighted by CEO David Gibbs in August.
Moreover, the fast-food industry is witnessing a surge in <a href="https://www.benzinga.com/markets/equities/24/09/40894700/chipotle-introduces-autocado-robot-to-streamline-guacamole-preparation-at-select-california-loca">technological advancements aimed at improving efficiency</a>. For instance, Chipotle Mexican Grill recently introduced the &#8216;Autocado&#8217; robot to streamline guacamole preparation at select California locations.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40890590/chuck-schumer-says-if-government-shutdown-happens-it-will-because-of-republican-poison-pills-the-ame?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chuck Schumer Says If Government Shutdown Happens It Will Be Because Of &#8216;Republican Poison Pills&#8217; — &#8216;The American People Are Going To Hold Them Responsible&#8217;</a></li>
</ul>
Image via Unsplash
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

NYC Job Seekers Can Now Deliver Resumes In Pizza Boxes To Stand Out During 'September Surge'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$230.00</td>
<td>$51.4K</td>
<td>60.3K</td>
<td>52.0K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.00</td>
<td>$30.0K</td>
<td>16.6K</td>
<td>6.1K</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$142.00</td>
<td>$164.7K</td>
<td>36</td>
<td>6.0K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$180.00</td>
<td>$37.5K</td>
<td>30.4K</td>
<td>2.2K</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$38.00</td>
<td>$202.9K</td>
<td>7.5K</td>
<td>2.2K</td>
</tr>
<tr>
<td>GLBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$35.00</td>
<td>$58.5K</td>
<td>2.4K</td>
<td>1.6K</td>
</tr>
<tr>
<td>GENI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.50</td>
<td>$27.3K</td>
<td>7.2K</td>
<td>885</td>
</tr>
<tr>
<td>PENN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$20.00</td>
<td>$27.7K</td>
<td>2.0K</td>
<td>782</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$68.00</td>
<td>$29.3K</td>
<td>1.9K</td>
<td>387</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$45.00</td>
<td>$39.2K</td>
<td>971</td>
<td>137</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option trade that happens to be bearish, expiring in 3 day(s) on September 20, 2024. This event was a transfer of 105 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $51.4K, with a price of $490.0 per contract. There were 60320 open contracts at this strike prior to today, and today 52003 contract(s) were bought and sold. 
• Regarding NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we observe a call option sweep with bearish sentiment. It expires in 94 day(s) on December 20, 2024. Parties traded 500 contract(s) at a $6.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $60.0 per contract. There were 16623 open contracts at this strike prior to today, and today 6133 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a put option sweep that happens to be bullish, expiring in 10 day(s) on September 27, 2024. This event was a transfer of 1000 contract(s) at a $142.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $164.7K, with a price of $162.0 per contract. There were 36 open contracts at this strike prior to today, and today 6078 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option trade that happens to be neutral, expiring in 3 day(s) on September 20, 2024. This event was a transfer of 50 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $37.5K, with a price of $750.0 per contract. There were 30434 open contracts at this strike prior to today, and today 2233 contract(s) were bought and sold. 
• For DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we notice a call option trade that happens to be bearish, expiring in 3 day(s) on September 20, 2024. This event was a transfer of 1750 contract(s) at a $38.00 strike. The total cost received by the writing party (or parties) was $202.9K, with a price of $116.0 per contract. There were 7506 open contracts at this strike prior to today, and today 2208 contract(s) were bought and sold. 
• Regarding GLBE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on September 20, 2024. Parties traded 225 contract(s) at a $35.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $58.5K, with a price of $260.0 per contract. There were 2443 open contracts at this strike prior to today, and today 1681 contract(s) were bought and sold. 
• For GENI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GENI#NYSE">GENI</a>), we notice a call option trade that happens to be bullish, expiring in 122 day(s) on January 17, 2025. This event was a transfer of 219 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $125.0 per contract. There were 7232 open contracts at this strike prior to today, and today 885 contract(s) were bought and sold. 
• Regarding PENN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on October 18, 2024. Parties traded 186 contract(s) at a $20.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $149.0 per contract. There were 2045 open contracts at this strike prior to today, and today 782 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a call option sweep that happens to be neutral, expiring in 94 day(s) on December 20, 2024. This event was a transfer of 250 contract(s) at a $68.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.3K, with a price of $118.0 per contract. There were 1981 open contracts at this strike prior to today, and today 387 contract(s) were bought and sold. 
• Regarding GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we observe a put option trade with bullish sentiment. It expires in 185 day(s) on March 21, 2025. Parties traded 135 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $39.2K, with a price of $291.0 per contract. There were 971 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

CVNA

DKNG

GENI

GLBE

PENN

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CHIPOTLE IS GIVING AWAY UP TO $1 MILLION IN FREE QUESADILLAS FOR NATIONAL QUESADILLA DAY

CHIPOTLE'S FIRST RESTAURANT OPENS IN DUBAI WITH ALSHAYA GROUP

BOORITO IS BACK: CHIPOTLE CELEBRATES HALLOWEEN WITH $6 BURRITOS AND EXTENDED HOURS

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