Like clockwork, Chipotle Mexican Grill (NYSE: CMG) once again beat Wall Street expectations. For the three-month period that ended March 31, the company reported revenue of $2.7 billion (up 14.1% year over year) and diluted earnings per share of $13.01 (up 23.9%). Shares moved higher following the news, and they are up 39% so far in 2024.

The booming restaurant stock has been a massive winner for shareholders in recent years. It has attractive qualities that any investor would love. Even the legendary Warren Buffett might appreciate what Chipotle is doing.

From a macro perspective, the past few years have been some of the most unusual in recent memory. Inflation has been a big topic. Even today, prices across the economy aren't coming back down toward the Federal Reserve's target of 2%.

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Source Fool.com