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Analyst Sees Chipotle's Valuation As A Little Stretched


Stephen Anderson, senior restaurant and consumer analyst at Maxim Group, spoke on CNBC's "Closing Bell" about Chipotle Mexican Grill, Inc. (NYSE: CMG) after it reported an earnings beat.

He said the company posted great numbers, especially on the digital side, which is now around 18% of its total sales. Anderson added that the CEO restored the company's culture.

See Also: Chipotle Higher After Q2 Earnings Beat, Comps Up 10%

The analyst believes Chipotle's valuation is a little bit stretched at this point and he wouldn't be surprised to see a pullback.

Chipotle traded up more than 3.4% to $764.83 in after-hours trading.

Latest Ratings for CMG

Apr 2021RBC CapitalMaintainsOutperform
Apr 2021Deutsche BankMaintainsHold
Apr 2021Evercore ISI GroupMaintainsOutperform

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