Why Chipotle Mexican Grill, Inc. Stock Lost 12% in October
Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) were unraveling last month, after the burrito chain turned in a woeful third-quarter earnings report, essentially signaling the end of the company's turnaround following the 2015 E. coli outbreak. According to data from S&P Global Market Intelligence, the stock fell 12% in the month, hitting lows not seen in five years.
The stock was up for the month before the Oct. 24 earnings report, but plunged after the results came out:
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€50.71
1.000%
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 4548.0% increase which would mean more than doubling the current price of 50.71 € for Chipotle Mexican Grill Inc..
