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Chipotle is set to report fourth-quarter earnings after Wednesday's closing bell.
Chipotle's stock is getting hit Tuesday after more than 170 people reported getting sick after eating at a restaurant in Powell, Ohio. This year, however, the stock has soared 61% on optimism that the new CEO can sustain sales growth, following a slump caused by multiple illness outbreaks.
Chipotle is exploring offering breakfast, but that may hurt margins, Oppenheimer analysts say.
Chipotle and Yum Brands are "undervalued," according to a Bernstein analyst.
Bernstein laid out where it believes are the easiest places for the company to begin its turnaround, beginning with marketing and innovation.
Coupled with a new menu item, the chain has added almost $2 billion in book value in less than a week.
The struggling stock got a big boost, but the new boss will have plenty of work to do.
43-year-old Brian Niccol will take over as Chipotle's CEO on March 5.
The chain said it would invest $40-$50 million in store upgrades and employee bonuses.
The chain beat analyst expectations for earnings per share and same-store sales.