Here's Why The Best Is Yet to Come for Chipotle Mexican Grill, Inc.
People are starting to go cuckoo for carnitas and bananas for barbacoa again, but the turnaround is taking too long for a notoriously impatient stock market. Shares of Chipotle Mexican Grill (NYSE: CMG) hit another four-year low last week, held back by another wave of bad publicity and a mixed quarterly report.
Chipotle stock seemed poised to bounce back earlier this year, rising in four of the first five months of 2017. It's been mostly downhill since then, as back-to-back monthly declines have resulted in the shares trading lower now year to date.
These may be rocky times for the former market darling. Comps have risen in back-to-back quarters, but we're still far removed from peak 2015 levels. A norovirus incident at a Virginia location and a viral video of mice scurrying around a Dallas eatery's dining room aren't doing the brand any favors. However, opportunistic investors hoping to nail the bottom on the stock could do a lot worse than take a bite out of the stock these days. Chipotle's turnaround may take longer than bulls were initially expecting, but the payoff for patient stockholders could be substantial.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
With 58 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 3085 € shows a slightly positive potential of 6.05% compared to the current price of 2909.0 € for Chipotle Mexican Grill Inc..
