Positive Q1 for Chipotle; Stock Price on the Rise Again
Chipotle Mexican Grill Inc.’s stock has surged this week, a positive sign after the fast food chain continues to recover from a lengthy sales slump after a series of foodborne illness outbreaks that plagued the chain in 2015. Chipotle’s stock--which peaked at about $750 per share in August 2015--experienced a sharp decline once news of food safety problems hit the media in the fall of that year. During the crisis period, Chipotle’s stock price bottomed out at $370 per share in October 2016.
But after a year and a half, things are finally turning around.