Chipotle Stock Crashes: This Could Be the Perfect Time to Buy
For the first time in nearly five years, Chipotle Mexican Grill (NYSE: CMG) stock is trading for less than $300. The fast-casual Mexican chain released a somewhat disappointing third-quarter earnings report on Tuesday afternoon. Investors quickly punished Chipotle for the subpar results, sending the stock plunging 15% on Wednesday.
However, while investors have grown impatient with the pace of Chipotle's recovery, the company still has a good chance of rebuilding its profitability over time. This makes Chipotle stock very enticing at its recent trading price.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€47.08
2.710%
With 70 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 47.08 € the target price of 2478 € shows a potential of 5163.38% for Chipotle Mexican Grill Inc. which would more than double the current price.
