Chipotle Mexican Grill shares fell nearly 10% on August 4 after Minnesota health officials linked a salmonella outbreak to jalapeños used at multiple stores. The stock closed at $33.83, down 9.69%, with trading volume reaching 48.0 million shares, about 146% above its three-month average of 19.5 million shares. Minnesota officials are investigating 110 salmonella cases, and 89% of the 84 people interviewed reported eating at a Chipotle restaurant since mid-June. The broader market rose, with the S&P 500 up 1.78% and the Nasdaq Composite advancing 2.59%, but restaurant peers CAVA Group and Sweetgreen also declined, falling 1.61% and 3.63% respectively.
Chipotle Mexican Grill IncMinnesota health officials link salmonella outbreak to Chipotle's jalapeños, causing a 10% drop.
CAVA Group, Inc.
Sweetgreen Inc