I really doubt management is buying back shares at $500 + per share...most all shares owned by large mutual funds that appear to be holding cautiously...for now
Ive got a BURRITO for single moms...........................Baaaahaaaaaa
Single moms can't afford to eat at Chipotle, it's actually pretty darned expensive to get your grub on there.
SINGLE MOMS think that. Lot of Americans are running to eat BURRITOS.
Sentiment: Strong Buy
Like I was saying.......they just step in on these no volume days and support the stock....
Yeah....you are probably going to need some downward move in the general market but you never know. As I said, when this thing just trades 200K shares it is just too easy for the management buyback to prop this thing up. I just initiated my puts last week because I think we get a general mkt pull back soon but I have been watching the trading and you can almost see the 3 alarm fire bell going out to management every time the stock drifts lower. In the end this is just a restaurant that really doesn't sell anything to original. If costs keep rising this gets hit hard....the "when" thing is what we do not know....
I have the dec 21 500 puts and the 480 that i bought 2 months ago. i would have averaged down but i lost over $40k with put options on this.
the motly's headline today what to buy? wow pushing now when the top looks like the Hiroshima morning.
looks like market is just about to start tanking maybe not today but really soon
Biggest thing you fight in a short term trade like that in this stock is management propping up the shares with their buybacks. They missed their earnings but the stock still popped because of top line growth. There is a reason some of the largest traders around are short here but they can wait for reality.....this Friday might be too soon. I own some puts as well but mine are 3 months out.........I think this is a 350 to 380 stock tops......
Sometimes, I think when there are only one or two after the bell, they are trades that were mistakenly not shown during market hours/
Preliminary reports say Thanksgiving weekend traffic is down more than 2% from prior year (excluding internet sales). That's less people on the road, and that's less people driving by CMG's. We'll see how it impacts them.
I agree that it is a great product but it's less likely that the stock market will continue to perform as well over the next 4 years as it has over the last 5 years.
Since I posted this message the stock is down $13.25 in 3 1/2 trading days. I'm curious to see if it continues its downward trend throughout December as institutions lock in some profits and investors reassess the price they are willing to pay for growth. Great product and management just a pricey stock at 25X 2017 earnings (assuming 20% compounded growth off of 2013 numbers). I still think the probability of growing into the multiple is a risky play.
Slow and steady.....Good luck to all......
They still missed on earnings per share. this stock is controled by managment that owns all the stores. There are no francise stores. Stock could have a 25% haircut at anytime becaue the volme is never big unless there is news. Shorts in this stock are big time guys who are waitinbg for one miss that cant be explained away with top line. Food costs are growing tremendously ...........