Why Chipotle Stock Could Continue to Rise

Chipotle Mexican Grill (CMG) has made investors rich. Bill Ackman’s Pershing Square Holdings has benefited significantly from its investment in the stock. So far this year, Chipotle stock has outperformed the broader markets by a wide margin. The stock has risen nearly 89% YTD. In comparison, the S&P 500 has risen about 25%.

Chipotle stock is trading about 5% lower than its 52-week high of $857.90. Meanwhile, the stock is trading about 113% above its 52-week low of $383.20. In comparison, Wendy’s (WEN), McDonald’s (MCD), Yum! Brands (YUM), Dunkin’ Brands (DNKN), and Starbucks (SBUX) shares have risen 38.1%, 9.3%, 8.5%, 17.4%, and 31.3%, respectively, YTD.

View more information: https://marketrealist.com/2019/11/why-chipotle-stock-could-continue-to-rise/

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