Chipotle Mexican Grill probably isn't going to recover from its foodborne illness crisis any time soon, Wedbush Securities analyst Nick Setyan said Thursday.
"Every incremental data point that has come out, we've had to extend our recovery assumptions. I would expect more of the same when Q2 is announced," he said in an interview with CNBC's "Power Lunch."
Because of that, he has an "underperform" rating on the stock, which he would short.
Chipotle shares took a hit Thursday morning after author Eric Van Lustbader, who wrote the popular Jason Bourne series, tweeted, "My editor ended up in urgent care after being deathly ill all night from eating at Chipotle's."