- Shares of Chipotle (NYSE:CMG) tilt lower in early trading after a weekend piece in Barron's points to the risk of higher expenses at the chain.
- "We see no reason to doubt that food safety at Chipotle is improving and that fans can eat there with confidence. We have reservations, however, about the safety of earnings forecasts and the share price," writes Jack Hough.
- A worst-case scenario of a 35% drop in share price is laid out.
- CMG -1.22% premarket to $399.15.
Chipotle on watch after negative Barron's piece
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About CMG Stock
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Symbol | Last Price | % Chg |
---|---|---|
CMG | - | - |
Chipotle Mexican Grill, Inc. |