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Here's Why Chipotle's Stock Is Overvalued

TheMotleyFool

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Here's Why Chipotle's Stock Is Overvalued

Perhaps no other industry was shattered more during the pandemic than restaurants. As indoor dining was restricted, restaurants that were able to leverage online ordering to satisfy customer cravings were able to survive.

Chipotle Mexican Grill (NYSE: CMG), on the other hand, absolutely thrived. The Tex-Mex chain has seen its sales surge. The stock, up 200% since March of 2020, has doubled the S&P 500's gain and now carries a price-to-earnings ratio (P/E ratio) of 68. Investor optimism is through the roof.

With that being said, here's why I believe this top restaurant stock is overvalued today.

Source Fool.com

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