Chipotle Stock Has Cratered. Time to Buy?
After a rough year for the stock, the latest quarterly update from Chipotle pushed shares even lower. As of this writing, the market has knocked Chipotle Mexican Grill (NYSE: CMG) down more than 20% since its Oct. 29 report, and the year-to-date return sits deep in the red, with shares down nearly 50%.
The move comes as management lowered its already disappointing full-year outlook for comparable-restaurant sales, putting the forecast in negative territory. As far as the top line goes for Q3, the fast-casual restaurant operator did post growth. But it was the composition of that growth -- and the guidance -- that ultimately spooked investors.
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Source Fool.com
Chipotle Mexican Grill Inc. Stock
€30.79
3.470%
With 66 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 52 € shows a very positive potential of 68.89% compared to the current price of 30.79 € for Chipotle Mexican Grill Inc..
