UPDATE: Chipotle 1Q profit, stock price soar

DENVER Chipotle Mexican Grill Inc. saw its stock surge on Thursday, following the company’s first-quarter report late Wednesday that included a nearly 50-percent jump in net income from higher same-store sales and positive labor cost trends.

Chipotle’s stock price increased 14 percent to close at $144.72 on Thursday, after hitting a high of $145.11 during trading, the highest price for the stock in more than two years. Chipotle Mexican Grill Inc. saw its stock surge on

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