Fast Money Traders On Chipotle: Stay Away From The Stock

On CNBC's Fast Money, traders commented on a 2.56 percent decline in Chipotle Mexican Grill, Inc. CMG, caused by a tweet about a potential new case of food poisoning in the restaurant.

Guy Adami thinks traders should stay away from the stock because there is still the headline risk. He believes valuation for Chipotle is still pretty expensive and he wouldn't buy the weakness at the moment.

Related Link: 'Deathly Ill' Chipotle Customer Is Hurting The Stock Yet Again

Steve Grasso is not a buyer of Chipotle as a rebound trade. He would rather buy McDonald's Corporation MCD.

Tim Seymour agrees with Adami that the stock is not cheap with P/E of around 40. He is concerned about the negative sentiment.