Chipotle Stock Crashes: This Could Be the Perfect Time to Buy
For the first time in nearly five years, Chipotle Mexican Grill (NYSE: CMG) stock is trading for less than $300. The fast-casual Mexican chain released a somewhat disappointing third-quarter earnings report on Tuesday afternoon. Investors quickly punished Chipotle for the subpar results, sending the stock plunging 15% on Wednesday.
However, while investors have grown impatient with the pace of Chipotle's recovery, the company still has a good chance of rebuilding its profitability over time. This makes Chipotle stock very enticing at its recent trading price.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€2,930.0
1.230%
With 59 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
As a result the target price of 3090 € shows a slightly positive potential of 5.46% compared to the current price of 2930.0 € for Chipotle Mexican Grill Inc..
