Chipotle Stock Has Cratered. Time to Buy?
After a rough year for the stock, the latest quarterly update from Chipotle pushed shares even lower. As of this writing, the market has knocked Chipotle Mexican Grill (NYSE: CMG) down more than 20% since its Oct. 29 report, and the year-to-date return sits deep in the red, with shares down nearly 50%.
The move comes as management lowered its already disappointing full-year outlook for comparable-restaurant sales, putting the forecast in negative territory. As far as the top line goes for Q3, the fast-casual restaurant operator did post growth. But it was the composition of that growth -- and the guidance -- that ultimately spooked investors.
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Source Fool.com
Chipotle Mexican Grill Inc. Stock
€29.75
1.600%
The stock is one of the favorites of our community with 67 Buy predictions and 1 Sell predictions.
With a target price of 52 € there is a hugely positive potential of 74.82% for Chipotle Mexican Grill Inc. compared to the current price of 29.75 €.
