CHIPOTLE STOCK TAKES A PLUNGE
On Media Mahima’s Thank Gosh It’s Fresh show, two of our hosts continually make the joke that the money saved on Excel Test Prep courses is enough for several Chipotle burritos. However, those burritos may not be as appealing as they once were due to an E Coli scare. Sales have been declining for a while now, and Deutsche Bank analyst Brett Levy said that “Chipotle’s profit margin is highly uncertain”. While Chipotle is trading at $390, Levy has put a price target of $340, a level about 15% below Chipotle’s current stock. The restaurant, famed for its burrito bowls is facing competition from several fast food joints.