Chipotle Mexican Grill (CMG) reported first quarter EPS of $2.45 after the close Thursday, up from $1.97 last year. The consensus estimate was for EPS of $2.14.
Chipotle Mexican Grill gapped up sharply Friday and rose steadily until mid-morning. The stock extended its gains around the middle of the afternoon and finished higher by 37.89 at $366.25 on above average volume. Chipotle Mexican Grill broke out of a 2-week range and set nearly a 9-month high.
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