Chipotle Mexican Grill Inc said on Thursday it received another subpoena from U....
- Chipotle Mexican Grill Inc said on Thursday it received another subpoena from U.S. federal prosecutors, seeking information related to an outbreak that left hundreds of people sick last year in one of its Ohio restaurant.
“Its not a new incident but is enough to shake off some of the more skittish bulls on the story,” said Maxim Group analyst Stephen Anderson. Last August, a type of bacteria found in meat and pre-cooked food left at unsafe temperatures was responsible for making hundreds of people ill in a Powell, Ohio restaurant.in a regulatory filing on Thursday, sought information related to the incidents of illnesses associated with the Ohio restaurant and restaurants in California, Massachusetts, and Virginia, that were covered under previous subpoenas.
“While the company upgraded their comp outlook, we believe Chipotle needs to continue to hit double-digit comps to justify the current multiple,” said Mizuho Securities analyst Jeremy Scott.
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