Growth was helped along by the company's ongoing expansion, but existing stores also did well.
The market's recent correction and technical vulnerability could easily drop these shares by 5%.
Overbuilding will take its toll and valuation will dip -- eventually.
| Tags: | CAKECMGinvestorplace |
The stock is awfully expensive. Are there better buys, or is Chipotle just starting to hit big?
A successful expansion could open the door to a whole new world of opportunities.
The casual dining restaurant chain expects to roll out 13 to 15 restaurants in 2012.
Its Cantina Bell menu is a page out of Chipotle's playbook.
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