Chipotle (CMG) Stock Falls on Reports of Manhattan-Related Illness
NEW YORK (TheStreet) -- Shares of Chipotle Mexican Grill (CMG) - Get Report are declining 2.35% to $391.63 in early-morning trading on Thursday following a tweet that suggests a consumer fell ill after eating at one of the company's Manhattan locations.
Just yesterday, the Mexican-style food chain released a short film meant to help repair its image following a series of disease outbreaks.
E. coli and norovirus outbreaks at some of its restaurants late last year caused December same-store sales to plunge 30%.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Chipotle's strengths such as its very decent return on equity which we feel should persist. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins.
You can view the full analysis from the report here: CMG
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.