What happened Shares of Chipotle Mexican Grill (NYSE: CMG) rose 14.3% in May, according to data provided by S&P Global Market Intelligence. While the company didn't report any important news during the month to explain the stock's upward move, it closed April by reporting encouraging results for the first quarter of 2020 despite COVID-19. And don't look now, but Chipotle stock has more than doubled from March lows, easily outpacing the broad market rebound, and even passing $1,000 per share for the first time. CMG data by YCharts. So what Chipotle didn't close many restaurants because of the coronavirus, only dining rooms. By staying open for business, the company generated Q1 revenue with delivery and takeout. In March, monthly comparable-restaurant sales only fell 16% year over year, pretty remarkable for a restaurant chain with no open dining rooms. At one point, comps were down as much as 35%, but management noted an improvement by April. All told, Chipotle was still profitable in Q1. And, coupled with its pristine balance sheet, the company is in an enviable position. It can calmly execute on its long-term vision rather than frenetically scramble to stay solvent. These strengths haven't gone unnoticed. In May, a Piper Sandler analyst raised Chipotle's price target to $1,100 per share. Not to be outdone, a Wedbush analyst subsequently raised Chipotle's price target to $1,200. When prominent analysts issue these buy ratings, Wall Street listens, even if only temporarily. Accordingly, Chipotle stock popped both times on the news. Image source: Getty Images. Now what While I'll stop short of issuing my own price target or time frame, I largely agree with the premise of these analysts' opinions. It may sound crazy to invest in a restaurant stock right now, but Chipotle has long been a top growth stock. It generates tons of cash, and still has more years of growth ahead. And that's why I think it's set up to beat the market long term. 10 stocks we like better than Chipotle Mexican GrillWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Chipotle Mexican Grill wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 16, 2020 Jon Quast has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Chipotle Mexican Grill. The Motley Fool has a disclosure policy.Source