Why Chipotle Mexican Grill, Inc. Stock Lost 12% in October
Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) were unraveling last month, after the burrito chain turned in a woeful third-quarter earnings report, essentially signaling the end of the company's turnaround following the 2015 E. coli outbreak. According to data from S&P Global Market Intelligence, the stock fell 12% in the month, hitting lows not seen in five years.
The stock was up for the month before the Oct. 24 earnings report, but plunged after the results came out:
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€2,990.5
0.500%
With 57 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 3082 € shows a slightly positive potential of 3.06% compared to the current price of 2990.5 € for Chipotle Mexican Grill Inc..
