3 Trends Working Against Chipotle Mexican Grill
Shares of Chipotle Mexican Grill (NYSE: CMG) hit four-year lows last week, and it's easy to wonder if the worst is behind the out-of-favor burrito roller. The stock has plunged nearly 60% since peaking two summers ago.
Bulls will argue that there's no way Chipotle is less than half the company it used to be. Comps are starting to turn positive, and the chain itself is much larger now than it was when the stock topped out 24 months ago. Bears will counter that momentum isn't in Chipotle's corner and that any potential turnaround can't possibly end with the chain as the market darling it was two years ago.
Reality rests somewhere in the middle. The road back won't be easy, and there are a few trends working against Chipotle these days. Let's spell them out.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is an absolute favorite of our community with 62 Buy predictions and no Sell predictions.
With a target price of 39 € there is a positive potential of 30.43% for Chipotle Mexican Grill Inc. compared to the current price of 29.9 €.
