Chipotle (CMG) stock was declining by 2.11% to $343.05 on Monday afternoon, as the fast casual Mexican food restaurant chain is working to come back from another food illness scare, and now has another issue, losing favor with growth fund managers.

Chipotle is too expensive to attract value-oriented funds to replace the growth funds, Reuters reports. There are 387 mutual funds that hold Chipotle stock, of that only seven are value funds.

The funds have been selling their Chipotle shares over the last three months.

"It's transitioning from a high-growth name to a more normal restaurant company, and they are starting to have to spend more on advertising and make changes to their menu that they didn't have to worry about before," Canaccord Genuity analyst Lynne Collier told Reuters.

More of What's Trending on TheStreet:

More from Stocks

Stocks Tumble as Dow Heads for Eighth Straight Drop

Stocks Tumble as Dow Heads for Eighth Straight Drop

Starbucks Stock Is Still Plunging

Starbucks Stock Is Still Plunging

Tesla Received Tip That Former Employee Was Going to 'Shoot the Place Up'

Tesla Received Tip That Former Employee Was Going to 'Shoot the Place Up'

Jim Cramer: Williams Sonoma Is a Digitized Play

Jim Cramer: Williams Sonoma Is a Digitized Play

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers