Large Outflow of Money Witnessed in Chipotle Mexican Grill

Chipotle Mexican Grill (CMG) : The value of composite uptick trades was $530.25 million, whereas, the value of composite downtick trades was $550.21 million. The uptick to downtick ratio stood at 0.96 with a negative money flow of ($19.96) Million during Fridays trading session. The block trades money flow was negative ($13.45 million).The uptick to the downtick ratio of 0.73 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $35.6 million. The transaction of the trades on downticks amounted to $49.05 million, which confirms investors selling on the strength of price. Chipotle Mexican Grill (CMG) gained 2422 cents at $442.29, an increase of 5.79% over the previous days close.


Chipotle Mexican Grill (CMG) : The consensus price target for Chipotle Mexican Grill (CMG) is $443.65 for the short term with a standard deviation of $78.66. The most optimist securities analyst among the 17 who monitor the stock believes that the stock can reach $590, however, the pessimist price target for the company is $300.

Chipotle Mexican Grill (NYSE:CMG): stock turned positive on Friday. Though the stock opened at $414.65, the bulls momentum made the stock top out at $444.13 level for the day. The stock recorded a low of $412.19 and closed the trading day at $442.48, in the green by 5.84%. The total traded volume for the day was 4,167,945. The stock had closed at $418.07 in the previous days trading.

In a related news, Ells Steve, director officer (Chairman & Co-CEO) of Chipotle Mexican Grill Inc, unloaded 21,000 shares at an average price of $440.65 on May 31, 2016. The total amount of the transaction was worth $9,253,650, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Chipotle Mexican Grill, Inc. (Chipotle) develops and operates Chipotle Mexican Grill restaurants, which serve a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operates 1,755 restaurants in the United States, seven in Canada, six in England, three in France, and one in Germany. The Companys restaurants also include nine ShopHouse Southeast Asian Kitchen restaurants. The Company owns and operates two Pizzeria Locale restaurants, a fast casual pizza concept. It also provides a variety of extras, such as guacamole, salsas and tortilla chips seasoned with fresh lime juice and kosher salt. Its restaurants also offer sodas, fruit drinks, organic milk, beer and margaritas. The average restaurant size is about 2,550 square feet and seats about 58 people. The Companys restaurants also feature outdoor patio space. The Companys restaurants accept orders by fax, online or through an iPhone or Android ordering application.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.