Chipotle Mexican Grill, Inc. (NYSE:CMG) is a fast-casual restaurant chain that serves Mexican food. The company was founded in 1993 and is headquartered in Newport Beach, California. Chipotle has been one of the best-performing stocks in the restaurant industry over the past few years, and its recent rally has been nothing short of astonishing.
Chipotle Mexican Grill is the IBD Stock Of The Day for Wednesday, just as CMG stock is added to the SwingTrader line up. The stock has been on a tear, rising over 70% since the start of the year, and it shows no signs of slowing down.
InvestorsObserver Sentiment Indicator gives Chipotle Mexican Grill, Inc. (NYSE:CMG) a bullish rating of 92 out of 100. The stock has been trending higher since the beginning of the year and is up more than 70% year-to-date.
Chipotle Mexican Grill's recent rally has been absolutely astonishing. Following the company's Q1 results, shares of Chipotle surged over 11%, and the stock has continued to climb higher in the weeks since.
Shares of Chipotle Mexican Grill Inc. dropped 0.33% to $2043.68 Friday, on what proved to be an all-around grim trading session for the stock market.
Chipotle posted a record $2.4 billion in sales last quarter as customers remained hungry despite higher prices. The company also reported earnings per share of $7.46, beating analysts' expectations of $6.52.
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Let's talk about the popular Chipotle Mexican Grill, Inc. (NYSE:CMG). The company's shares saw a significant share price rise of over 15% in the past couple of months on the NYSE.
By getting caught up on a critical metric, I missed out on huge gains. It's a good lesson for all. Chipotle Mexican Grill (CMG -0.33%) has been one of the top-performing stocks in the restaurant industry over the past few years.
