Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Chipotle shares fall on Norovirus, rodent incidents

Published 07/20/2017, 06:17 PM
Updated 07/20/2017, 06:17 PM
© Reuters. A Chipotle Mexican Grill is seen the day before it announces its first quarter results, in Los Angeles

By Lisa Baertlein

BOSTON (Reuters) - Chipotle Mexican Grill Inc (N:CMG) shares fell to a four-year low on Thursday after testing confirmed Norovirus in a customer who ate at one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral.

Shares of the burrito chain, which has been under a microscope since it was linked to a string of food safety lapses in 2015, fell 4.5 percent to close at $356.05 on Thursday.

Chipotle has worked to win back customers and rebuild the reputation of the once-high flying chain, whose stock traded well above $700 before it was connected to E. coli, Salmonella and Norovirus outbreaks in 2015.

Testing confirmed Norovirus in one customer who ate at the Virginia Chipotle restaurant that was briefly closed this week following reports of diners falling ill, said Victor Avitto, environmental health supervisor for the Loudoun County Public Health Department, which has jurisdiction over the restaurant.

Chipotle closed the restaurant on Monday and reopened it on Wednesday, following a deep cleaning. News of the outbreak came after more than 100 diners reported symptoms on iwaspoisoned.com, a crowd-sourced website.

Chipotle expected the confirmation, since the symptoms described by customers of the Sterling restaurant were consistent with Norovirus, spokesman Chris Arnold said.

Norovirus is the No. 1 cause of illness from contaminated food in the United States, resulting in an estimated 19 million to 21 million illnesses annually, according to the Centers for Disease Control and Prevention. It is highly contagious and can spread from person to person, as well as through food prepared by an infected person. Symptoms include cramping, nausea, vomiting, and diarrhea.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Elsewhere, a customer video showing three rodents in a Chipotle restaurant in Dallas' West End neighborhood earlier this week was widely shared online.

Other diners, who witnessed the lunchtime incident, told a local television station they saw rodents falling from the restaurant's ceiling.

"A few mice did get inside one restaurant from outside due to a small structural gap in the building," Chipotle's Arnold said on Thursday.

"Our management immediately removed them and the gap was quickly repaired," said Arnold, who added that the chain had contacted guests to apologize.

Chipotle will report second-quarter results on July 25.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.