Chipotle Jumps to Record After Profit Tops Estimates
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Chipotle Mexican Grill Inc. rose to an all-time high after the restaurant chain reported second-quarter results that beat analysts’ estimates.
The shares soared 12 percent to $659.77 at the close in New York, the highest price since the company’s initial public offering in January 2006. Chipotle has gained 24 percent this year, while the Standard & Poor’s 500 Index has climbed 7.3 percent.