Chipotle Stock Plunges Again on New E. Coli Fears

From www.restaurantnews.com, by RestaurantNews.com
Chipotle Stock Plunges Again on New E. Coli Fears

Wall Street is very very worried that those long lines at Chipotle around lunchtime may be a thing of the past following reports of more E. coli cases tied to the popular Mexican food chain.

Shares of Chipotle (CMG) fell 5% Tuesday and dipped below $500 for the first time since May 2014 after the CDC said Monday afternoon that there may be a new, unrelated E. coli outbreak.

The CDC said that it “is investigating another, more recent outbreak” reported in three states (1 in Kansas, 1 in North Dakota and 3 in Oklahoma) that appears to have a “different, rare DNA fingerprint” of the E. coli bacteria strain.

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