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Is Chipotle's Stock Pullback an Opportunity?

TheMotleyFool 
0 0 04.11.24
Is Chipotle's Stock Pullback an Opportunity?Photo, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png
 

Shares of Chipotle Mexican Grill (NYSE: CMG) pulled back following its third-quarter earnings report, reversing the recent momentum the stock had seen this autumn. The drop in price stemmed from its sales coming up just short of analysts' expectations.

The popular Mexican restaurant chain is currently in the midst of a transitional period after its CEO left to take the helm of Starbucks. The company is also dealing with the fallout of having to retrain about 10% of its locations to offer correct, larger portion sizes after viral videos and analyst research showed some restaurants skimping on portion sizes.

Let's examine Chipotle's recent earnings to see if investors should buy the dip.

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Source Fool.com

Chipotle Mexican Grill Inc. Stock

€28.40
-2.910%
We can see a decrease in the price for Chipotle Mexican Grill Inc.. Compared to yesterday it has lost -€0.850 (-2.910%).
With 62 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 37.32% compared to the current price of 28.4 € for Chipotle Mexican Grill Inc..
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