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.
Image source: Getty Images.
Source Fool.com
Chipotle Mexican Grill Inc. Aktie
28,48 €
-4,02 %
Chipotle Mexican Grill Inc. ist ein klarer Community-Favorit mit mehr Buy- als Sell-Einschätzungen.
Eine deutliche Steigerung um mehr als 50% ist für Chipotle Mexican Grill Inc. mit einem Kursziel von 49 € gegenüber 28.48 € zu erwarten.
