3 Reasons to Be Hopeful for a Chipotle Stock Turnaround
Chipotle (NYSE: CMG) was once a high-flying stock market darling that could do no wrong. That ended with its food-safety scandal in 2015, and the company has been struggling to recover ever since.
The chain's traffic has not rebounded, and its revenue remains well below where it was before the scandal. And even though it has regained some of its audience back -- revenue increased 22.1% to $2.24 billion through the first half of fiscal 2017 and comparable restaurant sales increased 12.5% -- investors remain skittish.
Even a small problem like the recent case of an employee coming to work while ill with norovirus can send the chain's stock plummeting. In that case, people did get sick, but it was not E. coli as it was the first time, and since Chipotle does offer its employees sick days, it was just one irresponsible worker.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 61 Buy predictions and 1 Sell predictions.
With a target price of 3119 € there is a slightly positive potential of 1.27% for Chipotle Mexican Grill Inc. compared to the current price of 3080.0 €.
