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Why Chipotle Shares Sank Nearly 7% Friday

TheMotleyFool

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Why Chipotle Shares Sank Nearly 7% FridayPhoto, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

Shares of Chipotle Mexican Grill (NYSE: CMG), a massive player in the fast-casual restaurant industry, dropped nearly 7% during early Friday trading after investors absorbed two analyst downgrades and a broader market decline.

You'd be hard pressed to find an industry harder hit by COVID-19 coronavirus fear than the restaurant industry. However, there's been a clear separation within the industry: Restaurants that can offset some of their dine-in revenue through delivery, carryout, or drive-through have been more resilient.