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Shares of Chipotle (NYSE: CMG) have come off their highs earlier this year as restaurant stocks have been sold off across the board. But is the stock a buy?

In this video, Travis Hoium covers the company's long-term trends and shows why the stock may be too expensive to touch.

*Stock prices used were end-of-day prices of July 15, 2024. The video was published on July 16, 2024.

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Travis Hoium has positions in Portillo's. The Motley Fool has positions in and recommends Chipotle Mexican Grill and Texas Roadhouse. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.