Chipotle Mexican Grill (NYSE: CMG) has found massive success by adhering to the basic strategy of serving real ingredients with a simple menu. It's clearly working, as the Tex-Mex chain has quickly become one of the best restaurant stocks to own in recent memory, more than tripling the S&P 500 's gain over the last five years.
Based on its recently released Q2 results, the company appears to have strengthened its competitive positioning as a result of the pandemic, with strong momentum still present. In a sign of shareholder optimism, the stock popped nearly 12% in the trading session following the announcement of yet another fantastic quarter.
Let's find out if the stock makes for a good investment.
For further details see:
Is Chipotle a Buy After Posting Monster Q2 Numbers?