Chipotle Mexican Grill (NYSE: CMG) still hasn’t reported a quarter with positive comp sales since a food-safety scandal erupted at the fast-casual Mexican chain in late 2015. Indeed, revenue fell by double digits in 2016 even as Chipotle continued opening new restaurants at a rapid pace.
However, investors are starting to gain confidence in Chipotle’s turnaround efforts. Since the beginning of 2017, Chipotle stock has surged by nearly 20%.