Investopedia: Chipotle Still Getting The Benefit Of The Doubt

Last year was a rough one for Chipotle Mexican Grill (NYSE:CMG). Once a nearly bulletproof growth story, a sharp slowdown in traffic and store comps growth expectations took large chunks out of the stock on multiple occasions. Investors are slow to abandon growth stories (at least outside of tech), and these shares enjoyed a 30% rally to close out the year. Consequently, it's not easy to make a value call on the shares today, and investors should be wary of the expectations that traffic growth will accelerate in the second half of the year.

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