Chipotle Mexican Grillの空売り状況は、投資家がChipotle Mexican Grillの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Chipotle Mexican Grill (NYSE:CMG) 株価情報, 空売り情報

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 almost exclusively company-owned, with just two license stores opearted through a master franchise relationship 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.

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

Looking into the current session, Chipotle Mexican Grill Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) shares are trading at $55.96, after a 0.74% drop. Over the past month, the stock fell by 3.48%, but over the past year, it actually increased by 34.26%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1730838672_0.png" alt="Past Year Chart" />

<h3>Chipotle Mexican Grill P/E Compared to Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 114.58 in the Hotels, Restaurants &amp; Leisure industry, Chipotle Mexican Grill Inc. has a lower P/E ratio of 52.36. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1730838672_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

News

Intraday Update

Markets

Price Over Earnings Overview: Chipotle Mexican Grill

The week was a whirlwind of AI-related news, with major companies like Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), OpenAI, and Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) making headlines. From AI-driven hiring strategies to bold predictions about the future of AI, the weekend was a testament to the growing influence of artificial intelligence in various sectors.
<h3 class="wp-block-heading">Chipotle Leverages AI To Boost Hiring Efficiency</h3>
Interim CEO of Chipotle Mexican Grill, Scott Boatwright, revealed that the company is using AI to reduce hiring time by 75% during the busy &#8216;Burrito Season&#8217;. The company&#8217;s initiatives to improve service times have significantly boosted revenue growth.
<a href="https://www.benzinga.com/news/24/10/41615835/chipotle-is-using-an-ai-tool-to-slash-hiring-time-by-75-during-busy-burrito-season">Read the full article here.</a>
<h3 class="wp-block-heading">Elon Musk Foresees AI Matching Human Capabilities</h3>
Tesla CEO Elon Musk predicted that AI could reach human-level capabilities by 2029. Musk highlighted that AI is advancing at an impressive rate, improving roughly tenfold each year.
<a href="https://www.benzinga.com/news/24/10/41618261/elon-musk-predicts-ai-will-match-human-capabilities-in-few-years-the-cup-is-80-full-maybe-90">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/11/41698648/elon-musks-x-reportedly-hit-with-new-wave-of-layoffs-engineering-department-faces-major-cuts-amid-un?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s X Reportedly Hit With New Wave Of Layoffs: Engineering Department Faces Major Cuts</a>
<h3 class="wp-block-heading">Nvidia Executive Predicts AI Taking Human Form</h3>
A top executive at Nvidia believes AI will soon take on a "human form." Masataka Osaki, the Vice President of Worldwide Field Operations at Nvidia, made this bold prediction at the Global Management Dialogue event in Tokyo.
<a href="https://www.benzinga.com/markets/equities/24/10/41591438/nvidias-executive-says-ai-will-soon-take-human-form-the-machine-is-to-the-body-what-ai-is-to-the">Read the full article here.</a>
<h3 class="wp-block-heading">OpenAI Challenges Google With Chatgpt Search</h3>
OpenAI announced that its flagship product, ChatGPT, is now capable of crawling the web for up-to-date news, sports scores, stock quotes, and more, posing a potential challenge to Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) search dominance.
<a href="https://www.benzinga.com/news/24/10/41663190/openai-rolls-out-chatgpt-search-google-shares-slide">Read the full article here.</a>
<h3 class="wp-block-heading">Intel&#8217;s Gaudi AI Chips Fall Short Of Revenue Targets</h3>
Intel CEO Pat Gelsinger revealed that the Gaudi AI accelerator program will fall short of revenue targets due to a transition from second to third generation.
<a href="https://www.benzinga.com/markets/equities/24/11/41686435/intel-says-it-wont-even-make-500m-from-gaudi-ai-chips-in-2024-despite-nvidia-minting-billions-ce">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41678522/jim-cramer-warns-apple-stock-should-have-never-been-up-that-much-after-q3-earnings-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Warns Apple Stock Should Have &#8216;Never Been Up That Much&#8217; After Q3 Earnings</a></li>
</ul>
Photo courtesy: Shutterstock
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/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Tech

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Chipotle's Hiring, Musk's Predictions, And Nvidia's Human-Like AI: This Week In Artificial Intelligence

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>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$120.00</td>
<td>$197.0K</td>
<td>29.0K</td>
<td>4.6K</td>
</tr>
<tr>
<td>MAR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$245.00</td>
<td>$70.0K</td>
<td>7</td>
<td>1.0K</td>
</tr>
<tr>
<td>XPEV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$13.00</td>
<td>$28.2K</td>
<td>155</td>
<td>402</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$120.00</td>
<td>$26.5K</td>
<td>15.6K</td>
<td>331</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$49.3K</td>
<td>8.0K</td>
<td>305</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$330.00</td>
<td>$36.9K</td>
<td>809</td>
<td>264</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$78.00</td>
<td>$516.0K</td>
<td>434</td>
<td>258</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$40.00</td>
<td>$57.2K</td>
<td>242</td>
<td>220</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$110.00</td>
<td>$57.6K</td>
<td>1.1K</td>
<td>102</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$61.4K</td>
<td>181</td>
<td>64</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bullish, expiring in 77 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $197.0K, with a price of $197.0 per contract. There were 29019 open contracts at this strike prior to today, and today 4648 contract(s) were bought and sold. 
• Regarding MAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>), we observe a put option trade with bullish sentiment. It expires in 14 day(s) on November 15, 2024. Parties traded 350 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $70.0K, with a price of $200.0 per contract. There were 7 open contracts at this strike prior to today, and today 1003 contract(s) were bought and sold. 
• For XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we notice a put option trade that happens to be bearish, is expiring today. Parties traded 196 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $28.2K, with a price of $144.0 per contract. There were 155 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a put option sweep with neutral sentiment. It expires in 14 day(s) on November 15, 2024. Parties traded 58 contract(s) at a $120.00 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 $26.5K, with a price of $457.0 per contract. There were 15667 open contracts at this strike prior to today, and today 331 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a call option sweep with bearish sentiment. It expires in 77 day(s) on January 17, 2025. Parties traded 79 contract(s) at a $35.00 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 $49.3K, with a price of $625.0 per contract. There were 8095 open contracts at this strike prior to today, and today 305 contract(s) were bought and sold. 
• Regarding LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we observe a call option sweep with bullish sentiment. It expires in 77 day(s) on January 17, 2025. Parties traded 15 contract(s) at a $330.00 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 $36.9K, with a price of $2469.0 per contract. There were 809 open contracts at this strike prior to today, and today 264 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 put option sweep that happens to be bullish, expiring in 441 day(s) on January 16, 2026. This event was a transfer of 258 contract(s) at a $78.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $516.0K, with a price of $2000.0 per contract. There were 434 open contracts at this strike prior to today, and today 258 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a call option trade with bearish sentiment. It expires in 112 day(s) on February 21, 2025. Parties traded 97 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $57.2K, with a price of $590.0 per contract. There were 242 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with bearish sentiment. It expires in 441 day(s) on January 16, 2026. Parties traded 63 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $57.6K, with a price of $915.0 per contract. There were 1155 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• For LEN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), we notice a put option trade that happens to be neutral, expiring in 77 day(s) on January 17, 2025. This event was a transfer of 20 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $61.4K, with a price of $3070.0 per contract. There were 181 open contracts at this strike prior to today, and today 64 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.

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Wedbush analyst Nick Setyan reiterates Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Outperform and maintains $69 price target.

Price Target

Reiteration

Analyst Ratings

Wedbush Reiterates Outperform on Chipotle Mexican Grill, Maintains $69 Price Target

TD Cowen analyst Andrew Charles 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 $65 to $68.

TD Cowen Maintains Buy on Chipotle Mexican Grill, Raises Price Target to $68

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 lowers the price target from $71 to $70.

Citigroup Maintains Buy on Chipotle Mexican Grill, Lowers Price Target to $70

Loop Capital analyst Alton Stump maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Hold and raises the price target from $53 to $58.

Loop Capital Maintains Hold on Chipotle Mexican Grill, Raises Price Target to $58

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>Barclays cut Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) price target from $120 to $90. Barclays analyst Tom O&#8217;Malley maintained an Equal-Weight rating. Qorvo shares closed at $100.48 on Tuesday. See how other analysts view this stock.</li>
<li>B of A Securities raised the price target for Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) from $13 to $14. B of A Securities analyst Justin Post maintained a Neutral rating. Snap shares closed at $10.89 on Tuesday. <a href="https://www.benzinga.com/quote/SNAP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised the price target for Zebra Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) from $290 to $305. Morgan Stanley analyst Meta Marshall maintained an Underweight rating. Zebra Technologies shares closed at $384.68 on Tuesday. <a href="https://www.benzinga.com/quote/ZBRA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northland Capital Markets slashed Transcat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNS#NASDAQ">TRNS</a>) price target from $130 to $110. Northland Capital Markets analyst Ted Jackson maintained a Market Perform rating. Transcat shares settled at $99.45 on Tuesday. <a href="https://www.benzinga.com/quote/TRNS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stephens &amp; Co. cut Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) price target from $66 to $65. Stephens &amp; Co. analyst Jim Salera maintained an Equal-Weight rating. Chipotle shares closed at $60.49 on Tuesday. <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies cut e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) price target from $220 to $175. Jefferies analyst Ashley Helgans maintained a Buy rating. e.l.f. Beauty shares closed at $113.27 on Tuesday. <a href="https://www.benzinga.com/quote/ELF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>CIBC boosted the price target for Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) from $213 to $228. CIBC analyst Kevin Chiang maintained a Neutral rating. Planet Fitness shares settled at $219.11 on Tuesday. <a href="https://www.benzinga.com/quote/WM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity raised PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) price target from $80 to $96. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. PayPal shares closed at $80.28 on Tuesday. <a href="https://www.benzinga.com/quote/PYPL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Roth MKM increased the price target for Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) from $154 to $158. Roth MKM analyst Eric Handler maintained a Neutral rating. Electronic Arts shares closed at $145.62 on Tuesday. <a href="https://www.benzinga.com/quote/EA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities boosted Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) price target from $220 to $225. Truist Securities analyst Youssef Squali maintained a Buy rating. Alphabet shares closed at $169.68 on Tuesday. <a href="https://www.benzinga.com/quote/GOOG/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying GOOG stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="560" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313-1024x560.png" alt="" class="wp-image-622467" style="width:607px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313-1024x560.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313-768x420.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313.png 1215w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Stephens &amp; Co. analyst Jim Salera maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Equal-Weight and lowers the price target from $66 to $65.

Stephens & Co. Maintains Equal-Weight on Chipotle Mexican Grill, Lowers Price Target to $65

Wall Street experienced a mixed trading session on Wednesday as investors weigh a batch of corporate earnings <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41623984/us-economy-grows-less-than-expected-in-q3-yet-private-employment-soars-by-233-000">and fresh economic data.</a>
The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to advance estimates. This marks a slight deceleration from the previous quarter's 3% pace and falls short of analyst expectations of 3%.
On the employment front, the ADP National Employment report showed private payrolls surged by 233,000 in October —well above the 115,000 forecast and a significant increase from the revised 159,000 in September. This stronger-than-expected job growth underscores the resilience of the labor market ahead of Friday&#8217;s official jobs report.
In corporate news, Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) dropped 10% after posting quarterly results that met expectations but failed to excite investors. The decline in AMD shares dragged down the broader semiconductor sector, with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) sliding over 3%.
In contrast, Alphabet Inc. jumped more than 5% following a robust earnings report that beat Wall Street expectations, boosting optimism around mega-cap tech stocks.
At midday, major U.S. indexes were trading mixed. The S&amp;P 500 and the tech-heavy Nasdaq 100 remained flat, while the small-cap Russell 2000 outperformed with a 0.5% gain.
Gold prices extended all-time highs, up 0.5% to $2,787 per ounce. Oil prices surged 2%, fueled by supply concerns.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) eased 0.8% to $72,100, pulling back from recent highs.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,246.40</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,309.80</td>
<td>0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,838.86</td>
<td>0.1 %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,505.98</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent103024&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.1% higher to $582.16.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.2% to $423.25.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) eased 0.2% to $499.18.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.5% to $222.76.</li>
<li>The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up by 1.3%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 0.9%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) tumbled 33% after auditors Ernst &amp; Young announced their resignation amid reporting issues, five days ahead of the company&#8217;s earnings report. </li>
</ul>
Large-cap stocks reacting to earnings were:
<ul>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), down 8%, </li>
<li>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), up 3.6%, </li>
<li>AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) up over 5%, </li>
<li>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), down 1.4%, </li>
<li>Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), down 1%,</li>
<li>Mondelez International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>), up 1%, </li>
<li>Chipotle Mexican Grill Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), down over 7%, </li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), up 15%,</li>
<li>Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), up 38%, </li>
<li>Automatic Data Processing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>), up 1%, </li>
<li>Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>), up 24%. </li>
</ul>
Major companies reporting earnings after the close Wednesday include Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), and Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>).
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41629264/alphabets-earnings-rally-pushes-magnificent-7-market-cap-to-record-16-8-trillion-10-tech-heavy-e">Alphabet&#8217;s Earnings Rally Pushes Magnificent 7 Market Cap To Record $16.8 Trillion: 10 Tech-Heavy ETFs Moving Wednesday</a></li>
</ul>
Photo via Shutterstock.

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Wall Street Mixed, Semiconductors Tumble As AMD Disappoints, Alphabet Rallies, SMCI Plummets: What's Driving Markets Wednesday?

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 $59 to $60.

Piper Sandler Maintains Neutral on Chipotle Mexican Grill, Raises Price Target to $60

Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) shares are moving lower on Wednesday after the company reported fiscal earnings after the bell on Tuesday, including <a href="https://www.benzinga.com//node/41611783">a revenue miss</a>.
What To Know: The company reported sales of $2.79 billion missing analysts estimate of $2.82 billion. Even though Chipotle missed analyst estimates for revenue, the reported figure represents a 13% year-over-year increase.
Chipotle attributed the growth in sales to new restaurant openings and a 6% increase in comparable restaurant sales, driven by a 3.3% rise in transactions and a 2.7% increase in the average check.
In addition, the company reported adjusted EPS of 27 cents, beating analysts&#8217; estimate of 25 cents and representing a 17% year-over-year growth. Chipotle also reported an operating margin of 16.9% and a restaurant-level operating margin of 25.5%.
Throughout the third quarter, the company repurchased $488.1 million of its stock, leaving $1.1 billion available under its share repurchase authorization. The average purchase price for the stock was $54.55.
&#8220;Our teams work hard to deliver extraordinary value to our guests as they provide our fresh, delicious and customizable culinary experience, at accessible prices to millions of people every day,&#8221; said Scott Boatwright, Interim CEO.
&#8220;They are the backbone of Chipotle and, together with our support centers, we will continue to execute against our five key strategies that help us win today, while we grow our future. This will help us to achieve our long-term target of reaching 7,000 restaurants in&nbsp;North America&nbsp;and move towards a more global brand.&#8221;
Analyst Changes: Following the earnings report, multiple analysts issued <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">price target adjustments</a>.
<ul>
<li>Baird analyst David Tarantino maintained an Outperform rating on Chipotle and raised the price target from&nbsp;$62&nbsp;to&nbsp;$70.</li>
<li>BMO Capital analyst Andrew Strelzik maintained a Market Perform rating on Chipotle and raised the price target from&nbsp;$55&nbsp;to&nbsp;$56.</li>
<li>Barclays analyst Jeffrey Bernstein maintained an Equal-Weight rating on Chipotle and raised the price target from $55 to $60.</li>
<li>Wells Fargo analyst Zachary Fadem maintained an Overweight rating on Chipotle and raised the price target from $66 to $67.</li>
</ul>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41593922/cathie-woods-ark-invest-sees-tesla-unlocking-11-trillion-revenue-potential-with-rob">Cathie Wood&#8217;s Ark Invest Sees Tesla Unlocking $11 Trillion Revenue Potential With Robotaxi Fleet, Eclipsing Uber And Lyft</a>
CMG Price Action: As of Wednesday morning, Chipotle stock is trading 6.40% lower at $56.62, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

What's Going On With Chipotle Mexican Grill Stock Wednesday?

Truist Securities analyst Jake Bartlett 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 $71 to $72.

Truist Securities Maintains Buy on Chipotle Mexican Grill, Raises Price Target to $72

Wells Fargo analyst Zachary Fadem maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Overweight and raises the price target from $66 to $67.

Wells Fargo Maintains Overweight on Chipotle Mexican Grill, Raises Price Target to $67

Barclays analyst Jeffrey Bernstein maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Equal-Weight and raises the price target from $55 to $60.

Barclays Maintains Equal-Weight on Chipotle Mexican Grill, Raises Price Target to $60

BMO Capital analyst Andrew Strelzik maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Market Perform and raises the price target from $55 to $56.

BMO Capital Maintains Market Perform on Chipotle Mexican Grill, Raises Price Target to $56

Baird analyst David Tarantino maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Outperform and raises the price target from $62 to $70.

Baird Maintains Outperform on Chipotle Mexican Grill, Raises Price Target to $70

WIIM

Chipotle shares are trading lower after the company reported a Q3 revenue miss.

During an interview, Interim CEO of&nbsp;Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), Scott Boatwright, shared insights into the company&#8217;s third-quarter performance and future strategies.
What Happened: On Tuesday, before Chipotle&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41611783/chipotle-q3-earnings-highlights-revenue-miss-eps-beat-store-guidance-update-strong-results-led-by-t">third-quarter earnings</a> call, Boatwright discussed a range of topics during his appearance on CNBC Overtime.
During the conversation, he underscored the company&#8217;s initiatives to enhance service times, which have significantly boosted revenue growth. Boatwright also revealed that Chipotle has been investing in automation and creating new roles.
He talked about the restaurant&#8217;s recruitment drives, especially during the &#8220;Burrito Season&#8221; and back-to-school period and disclosed that a new AI tool has cut the hiring process time by 75%, resulting in a surge in application flow.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/10/41590829/ford-amd-trump-media-microstrategy-and-tesla-why-these-5-stocks-are-on-investors-radars-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ford, AMD, Trump Media, Microstrategy, And Tesla: Why These 5 Stocks Are On Investors&#8217; Radars Today</a>
&#8220;We just launched an AI tool that helps us onboard people in our restaurants that shortens the time from applicant to hire by 75% &#8230; we&#8217;re better staffed today than we have been in many, many years,&#8221; he stated.
Boatwright also expressed <a href="https://www.benzinga.com/startups/24/08/40556572/from-chipotle-to-starbucks-brian-niccols-113m-pay-package-and-its-implications-for-the-coffee-chain">confidence in his predecessor</a>, Brian Niccol, who has moved to Starbucks, and assured investors that the company would maintain its focus on the consumer and deliver high-quality culinary experiences.
He also touched on the company&#8217;s technological advancements, including the integration of AI models with their&nbsp;Consumer Data Platform and loyalty&nbsp;program, and mentioned the development of a new produce slicer.
We&#8217;re developing bespoke and unique technologies that are more long-range but we know will add a ton of value in the future,&#8221; the interim CEO said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;We just launched an <a href="https://twitter.com/hashtag/AI?src=hash&amp;ref_src=twsrc%5Etfw">#AI</a> tool that helps us onboard people in our restaurants that shortens the time from applicant to hire by 75% &#8230; we&#39;re better staffed today than we have been in many, many years,&quot; says <a href="https://twitter.com/search?q=%24CMG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$CMG</a> interim CEO Scott Boatwright on labor. <a href="https://t.co/W17DycOctm">pic.twitter.com/W17DycOctm</a>
&mdash; CNBCOvertime (@CNBCOvertime) <a href="https://twitter.com/CNBCOvertime/status/1851362724887822718?ref_src=twsrc%5Etfw">October 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Chipotle&#8217;s third-quarter results showed a 13% year-over-year increase in revenue, reaching $2.79 billion, although it fell short of the Street consensus estimate of $2.82 billion.
The third-quarter earnings report marked the first since Niccol announced his departure.
In <a href="https://www.benzinga.com/news/earnings/24/07/39943336/chipotle-mexican-grill-q2-earnings-revenue-beat-eps-beat-comps-up-11-on-stronger-demand-trends-and-">the second quarter</a>, Chipotle exceeded expectations by delivering strong revenue and earnings growth. At the time, the company reported $2.97 billion in revenue and adjusted earnings of 34 cents per share.
Meanwhile, regarding the streamlined hiring process, earlier this month, <a href="https://www.benzinga.com/markets/equities/24/10/41460915/chipotle-rolls-out-ai-enhanced-hiring-platform-across-over-3-500-locations-cuts-recruitment-time">Chipotle announced a partnership</a> with Paradox to streamline the hiring process for its restaurant teams.
The AI-powered platform was expected to reduce hiring times for in-restaurant positions by up to 75%, allowing General Managers to focus more on daily operations and guest hospitality.
CMG Price Action: At the time of writing, Chipotle Mexican Grill stocks were down by 5.27% in the after-hours session. The company ended the Tuesday session at $60.49, down 0.18%, <a href="https://pro.benzinga.com/dashboard">according to Benzinga Pro</a>.
Image Courtesy: Chipotle
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41590577/bitcoin-breaks-70k-ethereum-and-dogecoin-rise-amid-stock-rally-ahead-of-mag-7-earnings-ana?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Breaks $70K, Ethereum and Dogecoin Rise Amid Stock Rally Ahead Of &#8216;Mag 7&#8217; Earnings: Analyst Says Current Spike Driven By &#8216;Binance Whales&#8217;</a></li>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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Press Releases

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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CMG Investors Have Opportunity to Join Chipotle Mexican Grill, Inc. Fraud Investigation with the Schall Law Firm

Legal

CMG INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Chipotle Mexican Grill, Inc. and Encourages Investors to Contact the Firm

Rosen Law Firm Encourages Chipotle Mexican Grill, Inc. Investors to Inquire About Securities Class Action Investigation – CMG

Chipotle Mexican Grill, Inc. Announcement: If You Have Suffered Losses in Chipotle Mexican Grill, Inc. (NYSE: CMG), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

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