Chipotle Mexican Grill (NYSE:CMG) stock drops 6% as margin math undercuts fast-casual rebound
Chipotle Mexican Grill plunged 6% to $30.54—nearly twice McDonald’s drop—after the holiday, as investors focused on shrinking average checks and rising costs squeezing margins, despite a slight uptick in traffic and digital sales; with operating margin down to 23.7% and cautious pricing, the stock’s premium valuation faces pressure ahead of July’s earnings report.