TradingKey – Chipotle Mexican Grill (CMG) enters October 9 with an interesting takeover situation on top of an already significant earnings event. Chipotle will report Q3 results on Wednesday, October 28. Chipotle closed on Thursday, October 8, at $32.68, up 6.21% on volume of approximately 72.0 million shares after the news broke that Starbucks (NASDAQ:SBUX) had explored buying the burrito chain.

What’s interesting is that speculation of a potential takeover comes as Chipotle’s business is starting to look better on its own. Q2 showed positive traffic with comparable sales on the mend. Management was also bullish enough to increase their comparable sales outlook for the year. Chipotlanes are popping up everywhere with management…