Chipotle Stock Drops on Renewed Food Safety Fears
Shares of fast-casual restaurant chain Chipotle Mexican Grill (NYSE: CMG) slumped on Tuesday after the company was forced to close a restaurant in Sterling, Virginia, following multiple reports of sickened customers. The stock was down about 6.5% as of 2:45 p.m. EDT.
According to a statement Executive Director of Food Safety Jim Marsden provided to Business Insider, the symptoms experienced by the affected customers are consistent with norovirus. The company is working with health authorities to resolve the situation, but Marsden emphasized that norovirus does not come from Chipotle's food supply.
Image source: Chipotle.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€29.50
-0.510%
With 61 Buy predictions and not a single Sell prediction Chipotle Mexican Grill Inc. is an absolute favorite of our community.
As a result the target price of 39 € shows a positive potential of 32.2% compared to the current price of 29.5 € for Chipotle Mexican Grill Inc..
