Chipotle Mexican Grill Inc. (NYSE:CMG)

Strategy Session November 4th, 2019

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CMG Weekly Chart

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  • 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 $YUM....and others...certain restaurant chains are working, in this sector.
  • DAN: ...
    Chipotle Mexican Grill ($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!
  • fishing777: @traderbren $CMG What do you think about selling anIRON Condor on $CMG? IV is high but options are thin
  • traderbren: @fishing777 $CMG - this market is so wacky that I would rather sit on the sidelines until I see how the market reacts to earnings, but there's nothing wrong with your Iron condor approach.
  • Boone.ruth: $CMG nice beat ..have held this for years
  • vitoB: @Henry $ARM HA. was just about to post same thing...ironic that $CAVA just hit below the opening IPO print and all buyers in the public market are now losing. way more like $SG than $CMG
  • Henry: #UPGRADES $STZ $CMG $AAL $AVAV
  • camaro69: $ANET reports after the close. It's had a pretty steep sell off the last three days. Maybe a little pop into the close. I'm small day trade. $CMG into it's earning gap down.
  • shoredriver: $CMG ...a little more whacking...and it needs it...
  • traderbren: $CMG - if it breaks below 1919....we could see if trade lower to close the downside gap at 1817 ...in the coming days. NP, but wish I had taken a short position.
  • shoredriver: @traderbren $CMG ...knock that pig down.....
  • champ: @shoredriver $CMG...looks like a miss on Revs.....
  • Docoof: @shoredriver $CMG Take this cum grano salis: I’m (very sincerely) grateful that you post in the forum. You should know that your posts don’t go unnoticed or unappreciated.
  • Boone.ruth: $CMG. Taking some Partials here. Nice run up from a couple weeks ago
  • Boone.ruth: $CMG took a small starter ar sell off yesterday. anticipate a run into earnings on 7/27
  • champ: @Boone.ruth $CMG....real nice idea, however still a little early, could also trade the zig-zags, if you swing.
  • Cjauger: Bought some $CAVA today, we were in Austin this weekend and tried it, we loved it. It was packed. With lentils, humus, and rice at $14 per bowl, this equals great margins. Similar to $CMG
  • Boone.ruth: @Cjauger $CAVA $CMG bought it at IPO ooen and have added on dips for same reason. Ours is packed always and everyone loves it
  • Cjauger: @DAN $CAVA Beautiful, appreciate the lesson. I recall an amazing trades on $SNOW and $HOOD. Hit the jackpot on both. Tried $CAVA the restaurant a couple of days ago. It was packed, very similar to $CMG but mediterranean style, it was very good
  • Boone.ruth: $CMG going ro be able to buy some burittoes for the 4th if rhis run continues.
  • traderbren: $CMG - a burrito BB squeeze in the works.
  • woodman: @Dan $CMG - you were asking for squeezes the other day. This one is into the rising 50d.
  • Pard: $CMG good call @woodman. $CMG looking tight indeed. Watching. Thx! Do you guys care about PE ratio at all? 54 PE ratio on $CMG
  • woodman: @Pard $CMG - I pretty much never care when just trading the chart. Interesting, though, about CMG. It has a P/E ratio v. 5-Yr Avg P/E of 60.07 according to TC2000. Here's what this means (taken from a Worden [TC2000 is Worden] discussion forum): "P/E Ratio vs. 5-Yr-Average P/E This is the current P/E ratio divided by the average of the last five year's P/E ratio. Expressed as a percentage: a value of 80, for instance, would mean that the current P/E is 80% of the five year average. This value shows whether a stock is reasonably priced relative to its own history."
  • woodman: @Pard $CMG - That said, it's PEG is 1.84 according to TC2000 which is high. Again, I don't look at this when just trading a stock on the chart.
  • woodman: $CMG I meant its, not it's. Can't edit.
  • Pard: @woodman $CMG Obliged!
  • Henry: $CMG Ray Jay raised price target to $2,300. I'm not sure if I ever owned this one. It is a squeeze
  • vitoB: @DavidK $CAVA boom....$CMG can get every high school/college sports team to all agree to go to a restaurant after every practice...are they gonna do that for greek salads?...answer is no
  • vitoB: @vitoB $CAVA ...is this a $SG or $CMG everyones question
  • sierramp: @vitoB $CAVA $SG $CMG Pretty good demand. Mediterranean seems to be the way health conscious people want to eat now. Certainly healthier than Taco Bell, $MCD, etc. $CAVA should perform more like $CMG than $SG but there are always unknowns.
  • sierramp: @vitoB $CAVA $SG $CMG Where are you getting current pricing? I've been searching for it.
  • scottrades: $CMG Grinding along the 8/21 EMAs
  • scottrades: My video notes: COTD: Shockwave just needs a little jolt. $SWAV $SPY / $QQQ No FOMO into FOMC $UUP Yellen: “SHOULD EXPECT SLOW DECLINE IN DOLLAR AS RESERVE CURRENCY.” $IWM Coming out of a flag $MDY Same $XLF just under the 200-day $ARKK Added to the ATL $SMH $NVDA leading the way. Others are tired. $BLOK Still above the 50-day $XBI Nice volume pickup $XHB Still in trend. $JETS Taking off (Watch for a landing strip) $AI Mentioned this Morning and added to ATL $TSLA Extended $F Same $GM Same $LCID Laggard $NIO Bottom fish? $BYDDF In trend $JPM Trying to come out of a base $MS Above the 200-Day $CRWD Curling $FTNT Long some $DT Long some $DKNG Watch 26.40 $CMG Basing $RELY Slow but working $IT Looooong Base
  • traderbren: #TACO_squeeze -- just took a look at $CMG and noticed the bollinger bands starting to squeeze. NP...but may grab a taco this weekend.
  • scottrades: Good Morning Team! Seeing $SPY pullback premarket to burn off some of the gas before the open. Some moves are getting a bit extended so could be a good day to manage open positions or look for short-term pullback entries. $AAPL Flag $RIOT pullback back to the 8/21 MA floor. $DKNG Flag $MNST Short base. $CMG Short base.
  • scottrades: $CMG in a nice base
  • joelsg1: @scottrades $CMG They have begun to fix their missing reward points problem on app.
  • champ: $DRI ...HOD...#Olive-Garden is moving after Mother's Day and plus.....Mexico Celebrated their Mother's Day last Wednesday, on the 10th....and I never seen that place so busy ever before.... and every Table was full when I left at 5:00. .....The News flow has been really positive on this stock for a few months now and my guess is..... it's going to Breakout, just lake $MCD and $CMG did. ....I'm still holding my Core Investment position and I'm trading around that Core position....however I increased my Core position size, this morning.
  • BarryC: $CMG Worth Watching
  • joelsg1: $CMG Think we've hit peak Chipotle (for awhile). Their burritos getting smaller and their rewards system through app has been broken for weeks (at least for me). Small short with possible gap fill back to $1820.
  • joelsg1: $WW Closed short on this one for a small profit, and also closed $CMG short for a small loss. Hard to be short when I'm bullish overall.
  • champ: @champ $DRI #Olive-Garden #comps-this-year #Same-restaurant-Sales......Plus the facts speak for themselves......Restaurant trends are Strong...... ....look at $MCD, $CMG and next will be $DRI. ~~~~ Hold and Build.........
  • Auto: $CMG wow! love those burritos long from below
  • DavidK: @Auto $CMG looks like a good short . Pe 48 . Projected growth 20% . Like a young lady once told one of my buddies making his move , things are progressing just a little too fast !!
  • Auto: @Auto $CMG
  • scottrades: Earnings After the close: $MSFT $GOOGL $ENPH $V $CMG $TXN $PACW $BYD $JNPR $UHS $ILMN $CB $AZZ $LRN $BXP $MTDR $WIRE $NEXT $HA $JBT $CSGP $OI $ENVA $AIN $VBTX $RUSHA $ZWS $TFII $RNST $WFG $MANH $ILPT $EQR $UMBF $AGR $EGP $TX $TRMK $HAFC $HIW $PFC $USNA $AAT $TFIN $FFIC $ROIC
  • traderbren: #Earnings - some decent numbers being reported after the close...which hopefully won't be affected by Conf calls: - $MSFT - $GOOGL - $CMG - $V - $META - up due to others...
  • Boone.ruth: $CMG. Nice beat!!
  • Boone.ruth: $CMG testing 1800
  • Boone.ruth: $CMG. Still long and popping but tightening stops
  • scottrades: $CMG Working great here @Boone.ruth Let it work!
  • jpoko13: $CMG eclipsing Sept. high...breaking out
  • Boone.ruth: $CMG pushing through resistance
  • Boone.ruth: @scottrades $FSLY $CMG looking to add at the 1734 area you mentioned
  • Boone.ruth: $CMG looks like a strong close
  • scottrades: @Boone.ruth $CMG Great work!
  • Boone.ruth: @scottrades $COIN Scott would like thoughts on $CMG. Long from below with a small Position that’s been working. I have considered adding on the higher highs and higher lows but would Like your input
  • scottrades: @Boone.ruth $COIN $CMG I would stick with your position now and keep your cushion. I'd look to add above 1734
  • champ: @Mikev200 $MCD....the sector is working, $DRI $CMG $TXRH, I'm hold a $DRI position and I'm Watching all 4. LOL
  • Boone.ruth: $CMG. Closed my position after hours for 1650. Just pick up a little at 1509 with a stop. Transferred those gains into $TSLA at the open. $CLMT is still working well and my largest long term position but have added on any pull back .
  • sierramp: @Boone.ruth $CMG $TSLA $CLMT Very nice. $CLMT was not on my radar.
  • debeers: @Boone.ruth $CMG $TSLA $CLMT -$TSLA is a good buy and was at a good buy point.LONG
  • vcondry: @champ $CMG nice stock just such a big hammer to swing reminds me of the old Priceline days.
  • champ: $CMG climbing +$70, for now, they reported nice comps....
  • Boone.ruth: $CMG will definitely be driving through to thank them tonight!
  • debeers: @champ $CMG -Ruth had this from the jump!
  • Boone.ruth: @debeers $CMG glad your back. Have missed learning from you
  • champ: @debeers $CMG....Ruth...?....I think I dated her for awhile, however that was a long time ago, I can't really remember....but I think she had red hair, however I knew more that a few Ruth's, I met one in Maui and another one in Palm Springs and I will never forget the one I met in Vegas.
  • debeers: @Boone.ruth $CMG -Yay you, Ruth! Hope you took the money and went to the restaurant because the indexes might have a tough day tomorrow.
  • debeers: @Boone.ruth $CMG -thanks Ruth
  • Boone.ruth: $CMG. Are they not supposed to report today?
  • vcondry: @Boone.ruth $CMG tomorrow
  • Boone.ruth: @vcondry $CMG thank u
  • scottrades: Some #Earnings to be aware of this week: $AAPL $AMZN $MSFT $META $GOOGL $UPS $SHOP $GM $KO $BA $CLF $F $PHG $XOM $HAL $INTC $GE $VLO $MMM $ENPH $V $JBLU $CVX $CMG $BOH $RTX $AJG $DORM $MCD $CAT $WM $LUV $MA $SHW $PINS $SCHN $BMY $MRK $BIIB $ADM $X $SPOT $KEX $KHC $DX
  • Boone.ruth: $cmg $clmt. Closing all swings today to avoid being greedy and losing them tomorrow !
  • vcondry: @Boone.ruth $cmg $clmt this is probably the right move. Tomorrow is literally a coin flip.
  • jpoko13: $CMG Some interesting dynamics taking place...nice C&H form, golden cross, breaking out, great operation (I have 35 years experience in restaurants), earnings not until late October. What's not to like? A little extended and lacks volume probably due to its price. No position yet but stalking.
  • shoredriver: $CMG.....up about 150.....nice.......
  • shoredriver: $CMG....let's see if it hits +200...wheee....
  • slp20: $PYPL closed position for .50 gain. Going to spend it at $CMG
  • LeAf: @LeAf $CMG ..... #ADS :- As @Dan Says....never trade on earnings. Lesson learnt !!!
  • LeAf: @debeers $CMG would you short it now?
  • debeers: @LeAf $CMG -would like to help you buti think you need to talks to @DAN about that. Betting against something isn't the way i'm, made To me its like taking your pom poms and cheering on failure: WE WANT AN INTERCEPTION!!! WE WANT AN INTERCEPTION!!! WE WANT OUR QB TO GET HURT!!!??? Not my thing to root for folks to fail.
  • LeAf: @debeers $CMG thanks for the feedback. @Dan this is currently holding the 8w .....normally you dont trade into earnings but if you had to opine what's your take on shorting this if it breaks the 8w into the close?
  • shoredriver: @debeers $CMG .....hopefully your poms are no longer b&b..............
  • debeers: @shoredriver $CMG -Pom poms are fine LOL- thanks for asking!! here's what i see in $CMG--First, it is already down 24.5% year to date and what is worse, IMO, is that the p/e is an astronomical 43.
  • debeers: $CMG/$MCD-for any of you thinking of holding $CMG for earnings tonight -DO NOT!! in my opinion Forget the dividend-which $CMG doesn't have and forget the growth of 26.9 which it has What you want to care about is- how much freaking money does it make?? The profit margin on Mickey Dees is a whoppiong 29.93% while $CMG has a profit margin of 8.74% Even My fave staple makes over 17% That's the way i see it because i think if you hold this one over, you'll have agida as well as flatulence.
  • LeAf: @LeAf $CMG shorted this into the final run at 1323. Will watch and see what is the reaction after market close and tomorrow's FED
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Stock Price $2906.77
Change -0.57%
Volume 271,722

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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