Is Now the Time to Buy Chipotle Mexican Grill Stock?
Chipotle Mexican Grill (NYSE: CMG) stock is down almost 15% since management updated its guidance last month for the second quarter of 2017. It was close to the same guidance management gave in late April during the first quarter conference call (with a small upward revision for marketing expenses), making the sell off an aggravating head-scratcher for Foolish investors.
Despite the overreaction from a short-sighted market, there are plenty of positive developments underway that indicate Chipotle is picking up speed on the road to recovery.
Image source: Chipotle Mexican Grill.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€2,952.5
0.870%
The stock is one of the favorites of our community with 57 Buy predictions and 1 Sell predictions.
With a target price of 3082 € there is a slightly positive potential of 4.39% for Chipotle Mexican Grill Inc. compared to the current price of 2952.5 €.
