Why Chipotle Stock Fell 15% Last Month

Shares of Chipotle Mexican Grill (NYSE: CMG) were heading lower last month as the burrito roller took a hit from the coronavirus crisis. Like the broader restaurant industry, Chipotle was forced to limit itself to takeout and delivery in a number of key markets, and with millions of Americans working from home, the company will lose most of its business at its downtown locations.

Nonetheless, the stock fared better than most of its peers, a sign of investor confidence in the burrito chain. According to data from S&P Global Market Intelligence, the stock finished March down 15%, which was only slightly worse than the performance of the S&P 500, as you can see from the chart below.