Why the Rally In Chipotle Stock Is Far Too Spicy Now
Chipotle stock has risen 12 out of the last 15 days after making a low at $385 on Christmas Eve. Chipotle stock is now up an astounding 130 points, or 33%, over those 15 days. CMG now sports a P/E north of 70, a big multiple expansion over the past two years and well above the norm over the past 10 years. Corporate insiders are also thinking the stock may be due for a drop, selling nearly $56 million in Chipotle stock over the past three months.