We are almost three months into 2024, and it's nothing new from Chipotle Mexican Grill (NYSE: CMG). Shares of this popular Tex-Mex restaurant chain are up 27% year to date. And in the past five years, this top restaurant stock is up more than fourfold, crushing the gains of both the S 500 and Nasdaq Composite.

In fact, shares have climbed from just $22 when Chipotle went public in early 2006 to over $2,900 per share as of this writing. This incredible run has spurred management to announce a 50-for-1 stock split.

There's no question Chipotle has been a magnificent stock through most of its history, but that doesn't mean it's an automatic buy. Let's take a closer look at the fast-casual pioneer.

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Source Fool.com