Chipotle Stock Soars 15%, But Is It Still a Buy?

Chipotle Mexican Grill, Inc. (CMG) has been on a tear, rising 14.5% in the past month against the Zacks Retail - Restaurants industry’s 1.1% decline.

The company outperformed its peers, including CAVA Group, Inc. (CAVA), Starbucks Corporation (SBUX), and McDonald’s Corporation (MCD), which rose 11.4%, 3.7%, and 0.7%, respectively.

Improving comparable-sales momentum and increased confidence in the company's operating trajectory have strengthened investor sentiment surrounding Chipotle.

The second-quarter comparable sales accelerated, transaction growth returned to positive territory, and Chipotle raised its full-year comparable-sales outlook.