If there's a restaurant stock likely to outperform in 2024, it is Chipotle Mexican Grill (NYSE: CMG ). The popular restaurant chain has been a high-growth stock since its market debut in 2006. During 2023, CMG stock rose an impressive 65%. Through five years, the company's share price has risen 342%. An aggressive and consistent growth strategy and earnings outperformance are largely responsible for the strong returns to shareholders.