Chipotle sales trends soften further to end Q3, says Cowen Cowen analyst Andrew Charles said his checks on Chipotle suggests the traffic lift caused by the national launch of its queso topped out at the end of the first week and then continued to soften. He said the trends show sales softened further to end the third quarter, suggesting value perceptions are near trough levels. Charles reiterated his Underperform rating and $250 price target on Chipotle shares
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