Chipotle Shares Might Be On The Verge Of A Major Downturn

Chipotle Shares Plunge

Chipotle Mexican Grill Inc could be preparing for a major downshift in investor confidence. The team at Barron’s believes the company could see a cost per share downturn of 15 percent to 20 percent unless growth numbers are┬árevived at the fast-casual restaurant chain.

According to Barron’s, Chipotle’s stock could drop below $500 a share after the burrito chain reported revenue slightly below expectations in April. The report also says Chipotle could be hurt after announcing the removal of pork from one-third of its restaurants.

The popular fast-casual chain has been suffering lately because of rising food costs, health care expenses, and other costs.

The company’s shares peaked at $727.17 in January and has fallen by 16 percent to a Thursday low of $609.56.

At this time, the company is attempting to revive sales and customer interest by launching marketing campaigns that show how the company is eliminating GMOs from all of its food products.

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Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at