Chipotle Stock Drops on Renewed Food Safety Fears
Shares of fast-casual restaurant chain Chipotle Mexican Grill (NYSE: CMG) slumped on Tuesday after the company was forced to close a restaurant in Sterling, Virginia, following multiple reports of sickened customers. The stock was down about 6.5% as of 2:45 p.m. EDT.
According to a statement Executive Director of Food Safety Jim Marsden provided to Business Insider, the symptoms experienced by the affected customers are consistent with norovirus. The company is working with health authorities to resolve the situation, but Marsden emphasized that norovirus does not come from Chipotle's food supply.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
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With a target price of 2343 € there is potential for a 4502.24% increase which would mean more than doubling the current price of 50.91 € for Chipotle Mexican Grill Inc..