Topic: How To Invest

Stock Pickers Digest Hotline – Friday, December 8, 2017

Article Excerpt

CHIPOTLE MEXICAN GRILL INC., $315.90, symbol CMG on New York, is a Mexican restaurant chain, headquartered in Denver. It charges slightly higher prices than fast-food competitors but offers better quality food, including naturally raised meat, plus superior decor and service. The company continues its fight to rebuild customer traffic after its 2015 E. coli and norovirus outbreaks. That recovery was further challenged by the July 2017 closure of another Chipotle restaurant in Sterling, Virginia; more than 100 diners fell ill in a norovirus outbreak. A month later, in August 2017, Chipotle shut down one of its Dallas restaurants after a patron shot video of rats crawling on the floor. Chipotle has implemented highly publicized food-safety training for its employees. While it should eventually win back its customers and improve sales, the company needs a fresh perspective to bring about a sustained turnaround. As part of that turnaround, the company is now looking for a new CEO. Current CEO and founder Steve Ells will…

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