Chipotle's Recovery Is in Trouble After Its Latest Report. Here's Why:
Chipotle Mexican Grill, Inc. (NYSE: CMG) stock has clunked along since its earnings report last week. The stock continues to tread near four-year lows following a Norovirus outbreak in July and video footage of mice falling from the ceiling at a Dallas location.
Reaction to the earnings report was mixed. Shares initially gained after hours and were up in the morning, but the stock closed down 2%. While some reacted positively to the update, there was one warning sign that was widely overlooked.
Image source: Chipotle.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€45.89
-2.400%
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 45.89 € the target price of 2478 € shows a potential of 5300.46% for Chipotle Mexican Grill Inc. which would more than double the current price.
