- Hollis Johnson
Chipotle slumped to its lowest level in more than founr years on Tuesday morning. Shares of the fast-casusal burrito chain hit a low $304, a level last seen on February 6, 2013.
The company has been dealing with several sanitation incidents at its restaurants. An outbreak of norovirus sickened more than 100 customers in Virgina last month. The company closed the restaurant for several days to clean and sanitize before it reopened.
In 2015, Chipotle went through an E. coli, norovirus, and salmonella outbreak all within a few months of one another.
Experts have said Chipotle customers have nothing to worry about by visiting the restaurant, as the company is doing “nothing wrong” when it comes to keeping their food safe.
Investors are still spooked, however. Since the recent norovirus outbreak, the stock has fallen 17.5%.
Recently, Chipotle has been revising its menu, adding items like queso, and possibly removing other items.
Chipotle has fallen 17.55% this year.
- Markets Insider