Chipotle's Troubling Pattern of Foodborne Illness Outbreaks
There was a time when Chipotle Mexican Grill (NYSE: CMG) was the most enticing restaurant stock in the market, but no more. After yet another norovirus outbreak at one of its locations, and a video of mice in a separate location, Chipotle's stock is careening toward a new 52-week low.
The norovirus incident happened at one of its restaurants in Virginia. And while there was early speculation that the incident may have been manufactured by short-sellers to drive down Chipotle's stock, it's now clear that there was indeed an actual outbreak.
A Chipotle in Washington, D.C. Image source: Chipotle Mexican Grill.
Source: Fool.com