Chipotle Stock Just Jumped 8% in 24 Hours. Here's Why Investors Are Buying This Stock Hand Over Fist.

Chipotle Mexican Grill (CMG 0.68%) reported a blowout quarter in the last three months of 2023. Revenue of $2.5 billion and adjusted earnings per share of $10.36 both beat Wall Street expectations. Within 24 hours following the announcement, shares were up about 8%. In the past five years, this magnificent restaurant stock has skyrocketed 406%, crushing the S&P 500 by a wide margin. Here's why investors are buying Chipotle hand over fist right now.Strong business momentumCompared to 2022's fourth quarter, t ...