- Shares of Chipotle (NYSE:CMG) are losing their spice, a weekend article in Barron's declared, stating that unless growth revives at the company, the stock could see a 15%-20% plunge.
- Rising food and healthcare costs are crimping the burrito chain, and April's disappointing results as well as the the removal of pork from one-third of its restaurants are expected to hammer the stock.
- Since peaking at $727.17 in early January, Chipotle shares have fallen about 16% and closed Thursday at $609.56.
- Source: Barron's
Barron's: Chipotle is losing its spice
Recommended For You
About CMG Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
CMG | - | - |
Chipotle Mexican Grill, Inc. |