A feeling of permanence on Chipotle's slide

|About: Chipotle Mexican Grill, Inc. (CMG)|By:, SA News Editor

Chipotle (CMG -0.3%) could be suffering from a "permanent" loss of customers, according to a harsh assessment from Raymond James.

The investment firm doesn't see comparable sales returning to prior levels and warns of further share deterioration.

CMG is rated at Underperform by RJ.

Shares of Chipotle are down 46% over the last year and bottomed out at $384.77 in August.

Looking for the flip side of the CMG argument? There's plenty of positive takes on Chipotle's future posted by Seeking Alpha contributors.