Chipotle Mexican Grill stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 80 to 83. The restaurant chain's CEO Brian Niccol departed to become Starbuck's new chairman and CEO.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating of at least 80 in the early stages of their moves.
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Is Chipotle Mexican Grill Stock A Buy?
Chipotle Mexican Grill stock is trading below its 50- and 200-day moving average. It's currently trading at the bottom of a consolidation with a 69.26 entry. See if it can break out in volume at least 40% higher than normal.
The Mexican-themed fast casual chain saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 29% to 36%. Revenue rose from 14% to 18%.
Chipotle Mexican Grill stock earns the No. 3 rank among its peers in the Retail-Restaurants industry group. Texas Roadhouse is the No. 1-ranked stock within the group.
