Chipotle Mexican Grill (NYSE: CMG), now a nearly $60 billion business, has been crushing it recently. After posting outsized gains during the depths of the coronavirus pandemic, the restaurant company saw sales jump 14% in 2022. And this year is off to a strong start as well.
As a result of the business's outstanding performance, shares are up a scorching 48% in 2023 (as of May 17), outpacing the S 500's 8% gain. This continues a long-standing trend of Chipotle handily beating the market and rewarding shareholders.
What does this mean for the top restaurant stock? Should investors buy, sell, or hold the popular Tex-Mex chain? Here's what you need to know.
Source Fool.com