Chipotle Shuts Down Ohio Restaurant After Reports Of Illness Outbreak

Chipotle Shuts Down Ohio Restaurant After Reports Of Illness Outbreak

"We acted quickly and closed this single restaurant out of an abundance of caution yesterday", the company said in a statement.

Chipotle plans to reopen the restaurant Tuesday, conditional on approval by the health department, which confirmed to Business Insider that the restaurant is under investigation but did not provide any additional details.

You'll recall that the chain experienced a series of food-poisoning outbreaks that torpedoed its year in 2015, closed a store in 2016 over norovirus concerns, and had another significant norovirus outbreak in 2017 at an L.A. store.

The closure comes just as Chipotle was beginning to find its footing under new chief executive Brian Niccol, by beating Wall Street estimates last week.

A Chipotle restaurant in OH has reopened as officials investigate reports of illnesses linked to the location. Prior to Tuesday, the Mexican chain had been recovering from a food-safety crisis that battered its brand. That store is expected to reopen today, the company said. Jefferies Financial Group also issued estimates for Chipotle Mexican Grill's Q4 2018 earnings at $1.50 EPS, Q1 2019 earnings at $3.16 EPS, Q2 2019 earnings at $3.64 EPS, Q3 2019 earnings at $3.06 EPS, Q4 2019 earnings at $2.56 EPS and FY2019 earnings at $12.42 EPS. Piper Jaffray Companies boosted their target price on Chipotle Mexican Grill from $420.00 to $530.00 and gave the stock an "overweight" rating in a report on Monday, May 14th.

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The inspection report found no violations of food safety standards.

Chipotle's stock has gained 61% this year as the company turned around a sales slump that was caused by illness outbreaks. "If this story gains traction, it might have more serious implications for the stock. I think it is something the CEO should address", Maxim Group analyst Stephen Anderson said.

However, within hours, consumers complained that the coupon code wasn't working on either Chipotle's app or website-rendering the discount invalid.

However, some consumers said it was too little, too late-and additional complaints continued to pour in.

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