This Stock Has Rebounded More Than 30% Since November


One of the most popular restaurant chains in the U.S. is finally starting to turn things around…

Chipotle Mexican Grill (CMG) used to be one of the fastest-growing chains in the U.S.

But after a handful of concerns regarding foodborne-illness outbreaks, analysts downgraded the stock as customers chose other options.

Same-store sales plunged more than 20%. But that downtrend is slowing…

Last quarter, Chipotle’s same-store sales fell only 5%.

The company is still a high-quality, well-run business and continues to turn an impressive profit on a per-location basis.

And now, its shares have rallied as things have gone from “bad to less bad.”

As the food-safety concerns have subsided, customers are returning to their favorite burrito chain. Although shares are still well off their 2015 highs, the stock has rebounded more than 30% since its November lows. It’s a reminder that even the best businesses suffer temporary setbacks from time to time…

Claim a 100% Risk-Free Trial to DailyWealth Trader... [sponsor]
For a limited time, get immediate access to "the best of" Stansberry Research's trading ideas. As one reader said: "I am 11 for 11 so far... in less than 2 months." Learn more here.

Source: Daily Wealth’s Market Notes