Chipotle Mexican Grill (CMG) shares are rallying on Oct. 8 following reports that Starbucks (SBUX) explored a potential takeover of the fast-casual restaurant chain. According to the Financial Times, the international chain of coffeehouses even worked with advisers in recent months on a possible proposal for Chipotle.
Since the start of 2026, Chipotle stock is down about 10% at the time of writing.