Is Chipotle Mexican Grill a Takeout Target?

When it was announced last week that Buffalo Wild Wings (NASDAQ: BWLD) would be acquired by private equity group Roark Capital, something strange happened: Shares of Chipotle Mexican Grill (NYSE: CMG) seemed to climb more on the news than did shares of Buffalo Wild Wings.

One reason is that investors had already known the Buffalo Wild Wings deal was in the works. Two weeks earlier, shares of the restaurant chain surged when news of a possible acquisition coursed through the market. As a result, when the deal was officially consummated, Buffalo Wild Wings' stock rallied, but not as much as it had earlier in November.

My colleague Steve Symington wrote this at the time:

Source: Fool.com