Chipotle Mexican Grill (NYSE: CMG) is showing no signs of slowing down. The Tex-Mex fast-casual pioneer reported $2.5 billion of revenue and $10.36 of adjusted earnings per share in the last three months of 2023, both figures beat Wall Street estimates. Shares have moved higher since the announcement.

In the last year, this top restaurant stock has soared 64% (as of Feb. 9), a gain that exceeds the Nasdaq Composite index. And if we zoom out and look at the past five years, Chipotle's outperformance is jaw-dropping.

Is it time to buy shares in 2024? The answer to that question is a resounding yes, but only if you believe one thing.

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Source Fool.com