Things aren’t looking too good for Chipotle right now, with rumors flying around about possible E.coli outbreaks linked to the restaurant. This concern has been reflected in Chipotle’s (CMG) stock prices, which continued to drop on Monday. This decline is tied to the chain’s first-ever decrease in a key sales metric due to an E. coli outbreak that was traced back to its locations.
Last Friday, Chipotle, known for its emphasis on high-quality ingredients, predicted an 8 to 11 percent dip in sales at their established locations for the fourth quarter, assuming these trends stick around. In Monday morning trading, the company’s stock fell by 6 percent, settling at $528.