Chipotle Mexican Grill Inc. (NYSE:CMG)
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- traderbren: $CMG - making a run for the 50d; maybe the burrito can clear it.
- RichardinME: @Henry $CAVA Considering this was 30 bucks last year, it does not seem insane that this could be a 300-dollar stock next year if the market participates. No resistance. Could turn into the next $CMG. Maybe wait for a pull back or sell some puts to get it a little cheaper? I would just like to know what a good stop would be. Maybe yesterday's low or a little below 100? I'm asking as I really don't know but seems like a good way to risk 10 percent or less to possibly participate in a stock that could double in less than a year?
- RichardinME: @curtis $CAVA Would be nice to get this at 75 but I can remember when the talking heads on CNBC were saying $CMG and $NFLX were good but had come too far too fast and this was about 15 years ago. I missed the interview, but this seems like a stock that could have exponential growth. I just wonder if buying at this level would work with a stop right below 100?
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champ: ...
...$TSM and $CMG...sold both........
And as of Now I'm holding 13 position...and for Now my account is up nicely, now that Options-Friday is now in the rear-view-mirror......
....and I'm aware that anything could happen, things could change but as o ... -
champ: ...
and Traders could use this type of Trade, on any stock, even today on $CMG, this trade would be a better bet....and if the Trader is good, the odds are 80% positive, that the Trader is going to have Entry, at around the right price level, if he is W ... - RichardinME: @RichardinME $NUGT $GLD #News-trade Also, $MSTR had a huge 10/1 split. Sometimes this helps but look at what the added liquidly did to $CMG price? Completely different stocks but maybe smaller share price is adversely affecting share price?
- champ: New moves going into the close.....$GVA..I got Back-in.....$NVDA and $TSM, I added back.....$TECK and $CMG, I added onto both......
- Onthemark: @champ $GVA $NVDA $TSM $TECK $CMG I have $NVDA and $TSM in a long-term account, and started $TECK in my trading account. Will be ready to add.
- champ: @Onthemark $GVA $NVDA $TSM $TECK $CMG...Metals are in play and $TECK has Gold mines, however my main play is, because the current new News is, this is a #Take-over target...plus they just sold Coal assets for $7.2 billion, so these huge $$$, are also in play, should a Take-over happen. Good Luck! $TSM $NVDA, and Monday could be a good day for both of these swings.
- champ: $CMG..HOD and I'm also still holding this swing position, off of the most recent low. ~~~~~~~~~~~~~~~~~~~~~~~~
- traderbren: $CMG - may get a burrito gap fill trade if it clears the 20d and 200d overhead as the rubber band got stretched to the downside.
- champ: $CMG now at $53...#Chipotle ...strong #Bounce-Candidate and is still moving-up off of that $48 low, fell back off of $56.34, only because the CEO is moving over to $SBUX...only because they made him an offer that he couldn't refuse..... ....and that was a nice gift for Traders....... ....and we don't get too many of those type of No-brainer entires very often...... and I'm still holding. ~~~~~~~~~~~~~~~~~~~~~~~~~~~
- Henry: $CMG Wedbush Evercore, Baird, Stiffel all Outperform or buy this am
- Henry: $CMG Correction Baird and Everccore did lower their pt's to $62 and $59
- TraderGeekSam: Wow! $CMG CEO Brian Niccol going to $SBUX.
- Boone.ruth: @TraderGeekSam $CMG $SBUX may actually add a little $CMG here
- traderbren: @TraderGeekSam $CMG $SBUX - Brian must have got a significant comp package to make that move....as it's going to be a tough slog to turn around $SBUX....but he's probably the best guy in the industry to attempt that challenge. Let's see how much of the $SBUX pop holds today. NP
- shoredriver: @traderbren $CMG $SBUX ...Really a sad performer post split...now this...picked up 500.....hopefully they don't dig back into the past and place the fecerito's back on the menu....
- DAN: @shoredriver $CMG $SBUX I don't think it's the menu...I think it is the price of things on the menu. I paid $18.50 for a burrito salad and a small drink. I did have avocado on it though. BUT...if I had known it was going to be that much, I wouldn' ...
- champ: $CMG...Chipotle...#U-turn at $48....#Bounce-Candidate.
- mgoodw: @champ $CMG #U-turn #Bounce-Candidate What caused the drop?
- champ: @mgoodw $CMG #U-turn #Bounce-Candidate..... $SBUX hired their CEO, so the first reaction was to take profits and Now the sellers are Buying the stock back, along with traders/Investors are also buying this stock because it is on sale, at a lower price.....
- champ: $CMG...I took profits, Out until next time.....
- champ: $CMG...nice move, still working.....and I did get back-in on that last turn.
- mgoodw: @champ $CMG $SBUX #U-turn #Bounce-Candidate ah thanks! Starbucks has been terrible for so long. I barely go there anymore. I might be classified as a bit of a coffee snob but when I would order a latte, cappuccino, or a flat white and the all began t ...
- camaro69: $CMG trying to break through resistance
- champ: $CMG..at $55.50....#Chipotle was just put on BofA #1 Focus list..... .....Watch for Entry.....and I'm holding an Investment position. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- joelsg1: @champ $CMG #Chipotle #1 Had a Chicken Pastor burrito the other day, seemed smaller and got the 'Revenge'. No thanks.
- phgruver: @joelsg1 $CMG #Chipotle #1 The "revenge" is a result of unsafe food handling practices. I wouldn't go back to THAT restaurant. Several people have commented on the portions being smaller, but that's just part of controlling costs.
- champ: @joelsg1 $CMG #Chipotle #1.....I have my own favorite place where I go for my Mexican food and I like their Steak-tostados, because they made it... my-way. ...I hope you are doing better...and for me, I have never been into a Chipotle,.. because I like to eat inside, in real nice places....so for that reason, I'm not a fast food fan. .....however I'm holding a swing Investment position in CMG. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- woodman: @joelsg1 $CMG #Chipotle #1 - I litigated individual cases and two collective actions (one a nationwide), well as hundreds of arbitrations, against Chipotle over a 7 year period for failure to pay wages to hourly employees. Sadly, my son likes Chipotle. I think I need to wear a hoodie when I (very rarely) go in one of their restaurants. My local mexican restaurants are far better, and I'd much rather patronize local owners.
- RichardinME: @Cjauger $CRWD It's interesting. Terranova and one other contributor on Fast Money Half Time did not call a bottom but were bullish. Delta never recovered but might have if it did not continue to have incidents 5 years after the initial 2 crashes. $CMG did recover and made all time highs and I don't think anyone even remembers the food incident anymore. And with $CMG it's not like people did not have other options. $CRWD is arguably the "best" but even if not it's not as replaceable as $CMG was.
- stairm01: $CMG HOD and breaking the downward trendline. Went long Sept 50 calls.
- Wolf: @Henry $CMG Just for a bet, I am going to buy a X-small position Friday exp. 53 calls.
- Wolf: $CMG So far my bet looks good. BTO 7/26 53 calls @1.79. Hopefully the market will cooperate and not drag it down.
- Henry: $CMG I bought when they announced the split then bailed 2 weeks ago and didn't look at it until this am. Oh My! It did put in a doji yesterday. Earning are next week but it might be a safer lotto play than CRWD
- Wolf: @Henry $CMG Thanks for bring that to my attention. I am cautious as 50x is a lot of extra shares. Don't remember ever seeing a split that big by a reputable company.
- Henry: @Wolf $CMG except for Berkshire, stock prices didn't used to be 4 figures until fairly recently. Most of the other restaurant stocks have crappy charts too.
- marklesparkle: @Henry $CMG WOW I wonder if they found a finger in their carne asada
- RichardinME: @marklesparkle $CRWD I was trying to think of similar examples with other equities. $CMG lost I think about half of it's value and was trading in the 300's before recovering to over 2000 before the split of course hundreds did not die. $BA we all know that was trading at 400 or so before the first crash, went down to about 100 and is still in no mans land. $CRWD may or may not ever get their customers confidence back but are there alternatives? With BA, there is Airbus, with CMG, well, they never killed anyone, and CRWD, we don't know how long this will drag on
- gklee01: @marklesparkle $CMG Yes, but it was an all-natural organic finger.
- marklesparkle: @gklee01 $CMG Haha good one
- woodman: $CMG - bad burrito.
- MongosPawn: $CMG $DELL Took a starter in $CMG as it bounced off of the 50 dma this morning. Also added to $DELL (long).
- X802tp01: $CMG trading post split. Does split make the stock accessible to more buyers? 90 day volume 268K, today post split 15M
- Henry: @X802tp01 $CMG Trying to put in a dragonfly doji. Could all the selling have been finished in the first half hour. I doubt it. I'm looking for some consolidation here. Since I am long, I would be happy to be wrong.
- Henry: $CMG Last day to buy before the split. Never heard of Northcoast but they raised their pt to $3,800
- dgrobo: $CMG stock split tomorrow. Has been moving up on higher than normal volume...in anticipation probably
- gklee01: $CMG Letting you in today but under 3200 and continuing to go lower...
- Henry: $CMG Wedbush was neutral on this yesterday with a pt of $3.200. Right now it's trading $3,400 in pm long
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Henry: $CMG splits next week (long post) From Marketwatch:
Despite what seems like a rush of high-profile stock-split announcements from companies including Nvidia Corp. , Broadcom Inc. and Chipotle Mexican Grill Inc. , management teams are generally t ... - phgruver: @Henry $CMG Good commentary, Henry! I remember that $IBM used to split whenever it got to $145, to keep the price closer to $70/share. This was was partly for affordability, but also to allow long term holders to sell a few shares without feeling like they were selling out of their position. Side note: those splits are how I wound up "overweight" in $IBM stock. I'm still not selling, though. Those dividends are helping finance my retirement....
- Henry: $CMG Breakout alert
- sgiseller: @djgustoso $NVDA some days are made for profit taking, I dumped a bunch of different stocks yesterday including all my $NVDA, started buying it back today and $CMG, $AVGO
- Cjauger: @dgrobo $cava My wife and I love this restaurant. Business model just like $CMG. Half the bowl is rice, beens, and or greens (lots of volume low cost). Then you get the good stuff on top (chicken, lamb, and they just added grilled steak), price $15 to $25 per bowl with a drink (they have this cucumber mint drink that is amazing). Love the margins. I sold too soon, but got another chance to buy it on the earnings dip was watching it as it reversed.
- dgrobo: We have a cava restaurant within 10 minutes of where I live. We like it well enough. If they can serve up $CMG stock performance 2.0, I'll have several bowls.
- shoredriver: $CAVA....don't forget about 50/1 for $CMG on 6/28.....
- indigo1948: $CMG - has anyone heard that they are planning a 50-1 stock spit on June 26th?
- ZMan2: @indigo1948 $CMG The split was announced about a month ago.
- shoredriver: @indigo1948 $CMG ...yup 3/19/24.....
- ZMan2: @indigo1948 $CMG Make that splitt announcement 2 months ago.
- indigo1948: @shoredriver $CMG - thanks - I just missed it completely.
- Henry: $CMG I bought some a month ago hoping to add lower and afraid to buy before earnings. I did not add yesterday as so many breakouts fail. The proxy for shareholders to approve the stock split came this week. The split doesn't happen June 24th Price targets are Loop Cappital $2,920 to Argus at $3,503. That 3 dollars is cutting you estimate with a scalpel if not microsurgery.
- vitoB: $SG short was an unmitigated disaster trade, this whole basket of healthy eating of $CAVA $CMG $DASH huge day to my chagrin, dont agree with the valuations and dont believe it yet but buyers and charts dont care. goin up, $DASH earnings 5/1 $SG 5/9
- StockMarketMentor: I like the market close this week, though I wouldn\'t get too lathered up about it. The S&P is still below the 50-day moving average which is typically the place where traders will short the market. I\'m not saying that this WILL happen...I\'m just saying that it DOES happen. $NVDA regained the 50-day moving average on just slightly higher-than-average volume. $CAVA rebounded hard off the 50-day moving average on more than double average volume. $META looks like it\'s in jail between $450 - $420. $CMG is up for the second straight day on higher volume after reporting strong earnings. (Riley, my Mexican Street Dog, is very happy about the price action in Chipotle. That\'s where we found her and she\'s still a bit nostalgic.) Have a good weekend. --Dan
- marklesparkle: @StockMarketMentor $NVDA $CAVA $META $CMG Lets hope you guys take her there for a nostalgic anniversary meal
- vitoB: $CMG lower than open and vwap after earnings spike, im short. 3075 stop out
- vitoB: @vitoB $CMG .. made me look like a chump, darn
- ZMan2: $CMG is up 6% on earnings beat & price hike to 3600 by Deutch Bank to $3600. Lg since 3/22 in anticipation of its upcoming 50 to 1 stock split.
- vitoB: short $CMG into the number
- ZMan2: $CMG reports today after the bell.
- Henry: $ALGN and $CMG are up on earnings
- Henry: $CMG I didn't realize this trades so sporadically
- Henry: $MCD $CMG I canned McD's last week and bought Mr Burrito yesterday for $2,900. 3 months to the split.
- champ: $CMG, nice move, turn-around Day.
- X802tp01: @scottrades any thoughts on $CMG? is it desirable pre split and if so any good entries?
- Henry: $CMG Stock splits, gotta love 'em Unless you don't own any like yours truly
- indigo1948: @Henry $CMG - ditto Henry - I just can play in that expensive "sandbox."
- DAN: $CMG -- Good short. For active traders. This move is done!
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debeers: ...
$CMG- Sometime between now and when you have to own it---IMO pick up few $CMG shares. 6 shares of $CMG will give you 300 after the split. Just make sure that you are a recognized shareholder of record by 6/18.
$ANF-@DAN--sneaky girl stock. I thi ... - Lou: @debeers $VLO $CMG $ANF $TOL $HD $ELF $DKNG - what would you charge to manage my portfolio?
- Henry: @debeers $CMG $ELF Thanks for reminding me about ELF, I am currently elfless. You forgot about FINRA rule 11140: "(2) In respect to cash dividends or distributions, stock dividends and/or splits, and the distribution of warrants, which are 25% or greater of the value of the subject security, the ex-dividend date shall be the first business day following the payable date." In the days of the Nifty Fifty, stocks used to trade on an when issued basis between the record date and the pay date. That doesn't happen much anymore, maybe because of the above rule. I expect you will be able to buy it on the 25th and get the split. Consult your broker.
- shoredriver: $CMG....voting on 50/1 split on 6/6/24...
- Henry: @shoredriver $CMG I really hope this restarts the split trend. Stocks have gotten too expensive.
- champ: $CMG..is HOD...#BreakOut, looks like a runner, has gas into earnings...next week, on 2/6/after. ...Watch for a place, for Entry, it is being traded..... ..........Traders are at Work!
- DAN: @champ $CMG #BreakOut LOL. If I didn't have cottage cheese and meat in the office fridge, I'd go to Chipotle right now! Stock is strong!!!!!!!!!!
- texgecko: $ICE is in a squeeze about 1% thick. Likely to come out, up or down, in fairly dramatic style. $CMG breaking out of a two month squeeze.
- traderbren: $CMG - wow, what a run! I could have loaded up on burrito's when it cleared the 50d and passed out with a food coma and made a ton of dough! Sadly NP. ;-)
- traderbren: $CMG - incredible burrito run after it cleared the 50d. Sadly NP by a consumer of their grub.
- woodman: @traderbren $CMG - Yeah, I've watched without getting involved. But Holy Guacamole!
- champ: $CMG...this is Day-11.
- champ: $WING $DRI......$CMG $MCD $YUM....and others...certain restaurant chains are working, in this sector.
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DAN: ...
Chipotle Mexican Grill ($CMG) is up 4% this morning on a chart that looks like the best of the bunch. With the 50- and 200-day moving averages so close together, and both moving higher, the stock could begin a new uptrend. But it is way too early ... - wijimmy: @DAN $AMZN $INTC $CMG $h. . @DAN... SIMPLY AWESOME ....THANK YOU !!!!
- champ: $WING Stop...@ $180...they appear to be on a Pre-earnings move...11/1/before..... ....Day-Trade, might swing partial and the Set-up is off of $CMG great earnings report.
- Lou: @DAN $AMZN $INTC $CMG $h - Happy Friday! Loved your opening notes this morning. Needed a bit of reinforcement of my outlook on the current miserable situation. Cheers!
- champ: $DECK $ARCB $CMG ....Earning-movers but NP's, however the Set-ups are, Watch for other stocks in the same sectors.
- vitoB: I’m surprised $CAVA has stayed green all day. On heels of $CMG, but back in a placeholder
- vitoB: Anyone in or watchin $CMG. Don’t know what op premiums are but it’s pinching at 1800 earnings today. Not looking to trade this name but interested to see this get chopped if the expected slow down finally shows up in their stores. I haven’t been to one in a while
- traderbren: @vitoB $CMG - NP, but have been in & out when the set up it right. Implied volatility suggests the market is anticipating a move near 5.4%, or $98.11 Not stepping in front of earnings but will reconsider after ER. Needs to reclaim the 50d overehead which it will likely do if the implied move it right. Appears to be more interest in Calls v Puts ....but you could get smacked with a burrito!
| Stock Price | $62.05 |
| Change | -1.05% |
| Volume | 5,768,960 |
Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants throughout the United States. It also has two restaurants in Toronto, Canada and two in London, England and operates one ShopHouse Southeast Asian Kitchen.
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Past Month
Leading Peers
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$91.03 84.28%
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$53.15 41.49%
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$130.69 29.80%
Past Month
Lagging Peers
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$14.25 -15.93%
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$11.44 -13.25%
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$331.27 -10.77%
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