Why Chipotle Mexican Grill Stock Climbed 17% in March
Shares of Chipotle Mexican Grill (NYSE: CMG) gained 16.92% in value last month, according to data from S&P Global Market Intelligence.
To be clear, there wasn't any company-specific news to explain the jump in stock price. What seems to be sending shares higher is increasing investor optimism about Chipotle's growth prospects after a better-than-expected fourth-quarter earnings report in early February.
Chipotle stock also got an upgrade from one analyst in March, citing continued strong comparable-store sales trends through the first quarter based on channel checks.
Source Fool.com
