Chipotle is getting slammed (CMG)

Chipotle shares are under pressure on Monday morning.After the market close on Friday, the company issued a regulatory filing stating that it was expecting an 8% to 11% drop in comparable sales in the fourth quarter.This followed news earlier in the day that, once again, the US Centers for Disease Control and Prevention (CDC) was investigating new E. coli cases linked to the fast-food chain.Shares fell by as much as 9% in pre-markettrading on Monday before rebounding. In early trading, they were down about 4%.Year-to-date, the stock was down about 22%.In the filing, Chipotle said sales fell by about 22% in the days after the CDC earlier announced new E. coli cases linked to the restaurant.Analyst commentaryIn a note, RBC analysts lowered their price target on the stock to $575 from $825, whilemaintaining their "Outperform" rating on the stock, as they expect some sales recovery in the second half of 2016.BTIG analysts also maintained their "Buy" rating. "We do not believe there will be any longer-term impact to the brand or its customer appeal and expect Chipotles growth trajectory to remain intact," Peter Saleh and Ben Parente wrote in a note.And writing to clients, Barclays' Jeffrey Bernstein said the E. coli news was more damaging for Chipotle than otherrestaurants with priorinvestigations because of its focus on 'Food with Integrity'."While we continue to believe CMG the best growth story inrestaurants (of size & scale), we previously struggled to recommend based on thelack of visibility on a comp reacceleration entering '16," Bernstein wrote. "And now with ongoingheadlines to further pressure near-term results, we remain cautious."Here's a chart showing the drop in shares and the move higher:SEE ALSO:Chipotle just warned its sales are tanking right nowJoin the conversation about this storyNOW WATCH: This Chipotle hack lets you get free Guac
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