CMG Shares Are Too Hot To Handle


No doubt Chipotle Mexican Grill (CMG) is a great company. They dominate the fast casual space with quick, high quality food at a reasonable price. But the latter – reasonably priced – can no longer be said of their shares. After a 25% rally so far this year, CMG stock is approaching a 50x P/E on current year earnings heading into Tuesday afternoon’s 4Q22 report. Anything less than a perfect report could lead to a selloff in shares.

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