Chipotle Mexican Grill Inc. (CMG) saw its stock increase by 1.14% to $54.29 on Monday, amidst a generally positive trading day for the stock market. The S&P 500 Index rose by 1.16% to 5,471.05, while the Dow Jones Industrial Average climbed 1.20% to 40,829.59. This marks the second consecutive day of gains for Chipotle.
Despite the rise, Chipotle’s stock remains $14.97 below its 52-week high of $69.26, which was reached on June 18.
When compared to its competitors, Chipotle’s performance was mixed. McDonald’s Corp. saw a 0.61% increase to $291.29, while Starbucks Corp. rose 1.16% to $92.21. In contrast, Yum! Brands Inc. experienced a decline of 0.62%, closing at $133.04.
Trading volume for Chipotle was 9.3 million shares, which is 10.1 million shares below its 50-day average of 19.4 million.
Overall, while Chipotle’s stock rose on Monday, it continues to underperform compared to the broader market and some of its key competitors.