Chipotle Stock has been a darling on Wall Street for many years. Investors loved the growth and margins the company was churning out quarter after quarter and year after year. But then Chipotle (NYSE: CMG) started to hit some roadblocks.

The biggest one came in 2015 when an E. coli outbreak closed many stores and earnings suffered. Investors fled as well, many never to return.

It’s been 2 years now since the E. coli outbreak and Chipotle is still working on trying to win back both customers and investors. With the recent earnings report yesterday, it looks like Chipotle stock is well on its way to doing just that.

But is the future all rosy for the company or are there still challenges ahead? Here is the good, the bad and the ugly going on with Chipotle stock.

Chipotle Stock: The Good, The Bad, And The Ugly

The Good: Earnings that were reported yesterday were great. While revenues missed estimates by $20 million at $1.17 billion, it was an increase of 17%. Earnings per share came in at $2.32 billion, beating estimates by $0.14.

In addition to the great earnings report, the stock is still beaten down from the previously mentioned E. coli outbreak 2 years ago. As Chipotle works to improve their processes, the stock should bounce back, making now a great time to buy at a discount.

The Bad: Even with great earnings numbers, there was one piece of bad news mixed in. Same store sales came in at 8%. The previous year this number was 9.7%. While this drop might not seem like a big deal, it actually is.

This is because the 9.7% was a soft number that analysts knew the company could hit. The fact that Chipotle is still seeing same store sales growth slow means they need to really start working on figuring out how to attract new customers and how to bring back long lost customers.

The Ugly: Investors and the company itself were hopeful that the E. coli outbreak was behind them. While there has not been another outbreak since, recently there has been other issues the company faced.