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A Smokin' Hot Entry Point for Chipotle Stock Opens in Q3

Chipotle Mexican Grill TodayCMGChipotle Mexican Grill45.747.04 (13.3445.74 -7.04 (-13.34%) 52-Week Range44.46▼66.74P/ERatio40.48PriceTarget66.74P/E Ratio40.48Price Target61.10Add to WatchlistChipotle Mexican Grill’s NYSE: CMG share price plunged by more than 10% following its fiscal Q2 release, opening what can only be called a smoking hot entry point. The price plunge was sparked by weak comparable store sales, a problem to be sure, but one tied to macroeconomic conditions and a consumer pullback, rather than fundamental operating conditions.  A ...