Actionable news
All posts from Actionable news
Actionable news in CMG: CHIPOTLE MEXICAN GRILL Inc,

What's the Fallout From Chipotle's Latest Food Safety Concern? Who Knows?!

The possibility of more food safety problems at Chipotle Mexican Grill Inc. (CMG) has investors scrambling to determine if the scandal is here to stay.

Chipotle shares dropped Tuesday, July 18, after the company confirmed it had closed a location in Sterling, Virginia, due to a wave of illnesses consistent with norovirus. Under the circumstances, the perception of "unsafety" is more important than the reality, BMO Capital Markets Corp. analyst Andrew Strelzik wrote Wednesday, July 19.

"While norovirus at a single location is not...