Market Overview

Chipotle Is Selling Off After Four Sick Employees Forced A Boston-Area Store To Close

Chipotle Is Selling Off After Four Sick Employees Forced A Boston-Area Store To Close

Chipotle Mexican Grill, Inc. (NYSE: CMG), which is recovering from a series of food-borne illness issues, faced another blow when it closed a Boston-area store after four of its employees fell ill.

However, no customer illnesses were reported at the burrito chain, according to a report from the New York Post.

"We do not know if the employees are ill with norovirus and no customers illnesses are connected to this restaurant,"a Chipotle spokesman told the Post. "Any employees who reported feeling ill will be held out of the restaurant until they fully recover."

The news comes a week after a market survey that showed willingness to eat at the restaurant is increasing. Chipotle is the owner of fast-casual concepts, including its namesake brand, the second-largest fast-casual restaurant concept in the United States in terms of domestic system-wide sales.

Related Link: Chipotle Haters Are Coming Back

Chipotle's stock was battered after outbreaks of norovirus and E. coli at its restaurants sickened customers last year. Late January, Chipotle was served with a subpoena broadening the scope of the previously-announced criminal investigation related to the outbreak. It was just earlier this year that the Centers for Disease Control and Prevention closed its investigation of Chipotle.

Chipotle's shares fell 3.8 percent to $504.50 in Wednesday's pre-market session. The stock closed Tuesday's regular trading session at $523.62. Shares have gained 9 percent this year.

The stock was trading above the $700 level in October 2015 and nearly fell below the $400 level in mid-January.

Image Credit: Public Domain

Posted-In: Chipotle closings E. Coli noroviusNews Health Care Restaurants Movers General Best of Benzinga


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