Chipotle Mexican Grill, Inc. CMG was a big mover last session, as the company saw its shares rise 5% on the day. The company’s CEO Ells issued an apology for the recent outbreak of E. coli cases at several Chipotle locations. The statement of reassurance from the CEO led to far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $536.19 to $621.84 in the past one-month time frame, showed a pick-up yesterday at $575.43.
In the last 30 days, the company witnessed 15 downward estimate revisions and the Zacks Consensus Estimate lowered over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent high can last.
Chipotle Mexican Grill currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A well-ranked player in the same industry includes BJ's Restaurants, Inc. BJRI carrying a Zacks Rank #1 (Strong Buy).
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