Why 2017 Was a Year to Forget for Chipotle Mexican Grill, Inc.
Coming into 2017, expectations were high for Chipotle Mexican Grill, Inc. (NYSE: CMG). The company had put the E. coli crisis behind it and comparable sales were set to jump following a sharp dive last year. However, while the year started off well enough, with Chipotle stock up more than 30% at one point in May, it's now down 19% with just one month left in the year. It's safe to say 2017 has turned out to be a bust for Chipotle.
As you can see from the chart below, there were three major pain points over the course of the year, starting in June, that caused 2017 to be such a disappointing year for Chipotle and its investors.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€50.85
1.320%
The stock is one of the favorites of our community with 77 Buy predictions and 1 Sell predictions.
With a target price of 2357 € there is potential for a 4535.2% increase which would mean more than doubling the current price of 50.85 € for Chipotle Mexican Grill Inc..
