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More bad news for Chipotle as shares sink to three-year low

on Jun 14, 2016 | 0 comments

By Doug Zanger

A foodborne illness outbreak, slipping sales and, recently, losing its grip as the top Mexican chain in the US are just a few of Chipotle’s low-water marks in the past year. It was reported that another domino fell in the Denver-based brand’s story — a stock price trading at its lowest point in nearly three years.

Deutsche Bank analyst Brett Levy, in a note yesterday, said that the E. Coli outbreak might have permanently scarred the chain and that “some of these customers may be lost for good.” The stock closed down 2.8 per cent to $393.75 on Monday and Read full story ›

Source: The Drum