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Can Bill Ackman turn Chipotle around? Halftime’s desk weighs in

Pershing Square takes 9.9% stake in CMG

Has Bill Ackman bit off more than he can chew? Pershing Square disclosed a 9.9% stake in Chipotle.

Chipotle restaurant workers fill orders for customers in Miami.
Getty Images
Chipotle restaurant workers fill orders for customers in Miami.

Shares of the fast food restaurant fell more than 40% from their 52-week highs hit in October.

Is a star activist enough to turn around this closely-followed but troubled stock? The "Halftime Report" desk weighs in.

Pete Najarian is a long-term believer. "Chipotle needs an activist involved," he said. Bill Ackman will speed up the turnaround process, according to Najarian.

The rest of our desk wasn't as bullish.

"What can an activist do to make people want to eat a second or third burrito of the week at Chipotle?" asks Josh Brown. He isn't convinced Ackman can move the revenue needle.

There are many headwinds for a turnaround story here, argued Joe Terranova.

—By CNBC Producer Bree Kelly. Follow her on Twitter @Bree_Kelly

Trader disclosure: On September 7, 2016, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Halftime Report" traders: JOE TERRANOVA

Long ADBE, ALV, BBT, BLK, CTAS, DLTR, DPS, FB, FIS, FXY, ICE, NOC, ORCL, PSX, SHW, SJM, SKY, SLB, SLV, TJX, TMO, TXN, VMC, VRTS, VXX, VZ

JOSH BROWN: Long AAPL, AMGN, BMY, CORE, DE, DNKN, GE, GOOGL, NVDA, SAM, SHAK, TWTR, XLE, YUM

JON NAJARIAN: Long Stock: CSX, GSAT, INO, LULU, XON Long Calls: AAPL, BMY, CDE, CXO, FIT, FXE, GDX, GLD, KATE, MSFT, NFLX, PAAS, SCHW, SLW, SQ, TSLA, TWTR, WFC, WLL

PETE NAJARIAN: Long Stock: AAPL, BAC, BMY, DIS, DISCA, GE, KMI, KMI.A, KO, LUX, PEP, PFE, TGT, VIAB Long Calls: AAL, AMD, ABT, AKS, BAC, CIT, CNX, COP, CRM, CSCO, DAL, DISH, DVN, EGO, ETP, FB, FSLR, FXI, GLD, HALO, KGC, KO, LLY, MS, MT, MU, NEM, P, SBUX, SLV, TGT, TMUS, TWTR, TTS, UA, VRX, XLE Puts: CLF, MBLY, MRO, TSLA, EEM