Investors Not Sick Of Chipotle After Poor Comps And Lower Guidance

Chipotle Mexican Grill, Inc. CMG shares are trading lower by $11.50 at $491.50 in Wednesday's session. However, it's $20 over its morning low of $473.11 and has been basically straight up since its swoon off the open.

Investors are ignoring for the most part that February comps were down 26.1 percent, as well as the slashing of its Q1 EPS guidance from a profit of $0.11 to at least  $(1.00).

So far, the issue has reached $495 and has backed off back under $492. In order to fill the void in price in trading action from Tuesday, it would need to reach the lower end of the range at $499.42.