Despite a recent E. coli scare, Chipotle Mexican Grill has room to run, "Fast Money" trader Dan Nathan said Tuesday.
Earlier in the day, the chain said it would reopen all 43 restaurants in Seattle and Portland after health officials found no ongoing risk from a reported E. coli outbreak linked to food poisoning at some locations. Nathan noted Chipotle still has a "huge runway" ahead, as its sales are only a fraction of some other popular chains.
He specifically said its shares had much more upside than those of fast-food behemoth McDonald's. The stock has recently lingered near a 52-week high.
Whole Foods vs Kroger
Hain Celestial vs J.M. Smucker
Tim Seymour is long AAPL, BAC, CLF, DIS, F, FCX, GE, GM, GOOGL, INTC, JPM, KO, LGF, T, TWTR, VRX. Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, YHOO.
Dan is long AMAT Jan call spread, BA Oct put spread, CSCO Jan calls, EEM Dec put spread, INTC Dec put spread, M long Jan calls, XLF Dec put spread, IWM Dec put spread, XLI Dec put spread, XLU Dec call spread, TWTR March call spread, TWTR
Karen is long BAC, C, FL, GOOG, GOOGL, JPM, KORS, KORS call spreads, M, URI, she is short SPY, Her firm is long ANTM, AAPL, BAC, C, DIS, DIS puts, FL, GOOG, GOOGL, GPS, JPM, KORS, KORS call spreads, M, M calls, M call spreads, M puts, MA, SUNE, SUNE call spreads, URI, URI long puts, her firm is short IWM, SPY, MDY, USO, XRT, Karen Finerman is on the board of GrafTech International.
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.