Chipotle Mexican Grill, Inc. CMG 1.6% has finally put to rest more than 100 claims related to its 2015 food safety issues. Late last week, the company agreed to financial settlements with customers who became ill after eating Chipotle food during several food safety outbreaks in the last year.
The terms of the out-of-court settlements are confidential, and Chipotle is hoping that avoiding a drawn-out court battle will allow the restaurant to move past the food health headlines that have plagued the company in the past year.
Chipotle’s sales were hit hard by the negative headlines, and revenues plummeted in Q4 of 2015 and Q1 of 2016. While revenue ticked back up in Q2, Chipotle’s stock hasn’t yet regained its traction.
Despite a recent boost from news that billionaire investor Bill Ackman has taken a sizable 9.9 percent of the company, Chipotle remains down 16.1 percent in the past six months.
Although the latest settlements are an important step in putting the disastrous outbreaks in the past, Chipotle isn’t nearly out…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!