Shares of Chipotle Mexican Grill CMG gained nearly 0.7% in regular trading hours Thursday, continuing a good week that has seen the struggling stock recover over 5% in a matter of days. Thursday’s trading action came on the back of the news that Chipotle is increasing its $1.9 billion stock buyback program by an additional $100 million. Chipotle instituted the repurchase program to help the stock recover from a slump that was initiated by a series of disease outbreaks related to Chipotle’s food. Chipotle first announced its two quarter buyback program back on February 2, and since then the stock is down about 4%. While buybacks are an option to boost a stock’s price, it is clear that Chipotle will need to start luring customers back into its restaurants. The company recently announced that it will be rolling out a new menu item—a “chorizo” blend of spicy pork and chicken—after it tested well last year. Chipotle currently has a Zacks Rank #3 (Hold). Only time will tell whether the company’s new efforts will have a lasting effect. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research