Chipotle Stock Is Sliding Friday: What's Happening? - Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) Sees Significant Decline in Short Interest

Chipotle Mexican Grill, Inc. (NYSE:CMG - Get Free Report) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totaling 36,971,569 shares, a drop of 15.2% from the March 31st total of 43,588,037 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 11,923,398 shares, the days-to-cover ratio is presently 3.1 days.

Chipotle Stock Is Sliding Friday: What's Happening? - Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill shares are fell Friday as upbeat Q1 commentary and bullish analyst calls were weighed against a choppy restaurant tape.

Guggenheim Cuts Chipotle Price Target as Margin Pressure Mounts: Is the Recovery Story Stalling?

The post Guggenheim Cuts Chipotle Price Target as Margin Pressure Mounts: Is the Recovery Story Stalling? appeared first on 24/7 Wall St.. Quick Read Guggenheim cut its Chipotle (CMG) stock price target to $35 from $36, keeping Neutral, as 3% EPS estimate cuts through 2027 signal margin pressure may outlast near-term traffic gains. Chipotle’s elevated 31x P/E and structural margin headwinds leave little room for further estimate cuts, making …