2024-05-10 17:17:00 ET
One of the top growth stocks in the restaurant business is undoubtedly Chipotle Mexican Grill (NYSE: CMG) . It's often associated with high growth and success, with its strong numbers serving as benchmarks for other businesses.
Investors are frequently willing to pay significant premiums for a business like Chipotle, and that's evident in its valuation. Currently, the stock trades at an all-time high, up around 40% this year.
But has the valuation finally become too rich, and is now the time to pull away from the stock, or can it still be a good buy?
For further details see:
Chipotle's Stock Is at All-Time Highs: Is It Too Late to Invest?