Investors Really Don't Like What They Saw in Chipotle's Second-Quarter Earnings
1. Chipotle's stock is down over 12%, reflecting a 24% year-to-date decline. 2. Full-year same-store sales growth is now expected to be flat, not double digits. 3. CEO Boatwright remains optimistic about future sales and average unit volumes. 4. Analysts maintain mostly positive ratings, though some cut price targets slightly. 5. Growth is anticipated to resume, but patience from investors is advised.