Chipotle is rallying as higher prices boost results (CMG)
Chipotle beat on revenue, comparable sales, and profits.
Shares of the burrito chain had fallen as much as 65% since October 2015, when an E. coli outbreak that was linked to Chipotle expanded to multi-states.Shares have rebounded more than 100% since new CEO Brian Niccol was appointed in February 2018.
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Chipotle posted fourth-quarter earnings that crushed Wall Street estimates after Wednesday's closing bell. Shares were up 12.9% to $593.55 apiece on Thursday.
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