Chipotle’s Stock Just Hit Its Lowest Point in Three Years

June 15, 2016

Dark times for investors

Despite its much-talked-about recovery plan, Chipotle has so far failed to inspire confidence in investors after its string of food safety scares last year. On Tuesday, the company’s stock hit its lowest level in three years. CNN reports a Deutsche Bank report released Monday “appears to have sparked the most recent round of selling.”

In a note to investors, Deutsche Bank analyst Brett Levy wrote that, due to the highly publicized E.coli outbreak which led to a federal investigation and low same-store sales, some of Chipotle’s customers “may be lost for good.”

On Wednesday, stock was up from its Tuesday…