Chipotle (NYSE:CMG) has certainly been an interesting stock to follow since it went public several years ago. The company has a very focused menu that wins on customizability and quality that allows the chain to constantly raise prices without fear of a decline in demand. This unique combination has made long term shareholders a lot of money but according to Barron's, that streak of impressive outperformance may be coming to an end. I've had this same thought in the past, most recently in February after the company's earnings report confirmed for me that the stock was too expensive. If we fast forward to today the stock has come down moderately since that time - from $660 to $610 - but it looks like it may have further to go. In this article I'll take a fresh look at CMG's valuation to see if we may find some value here or if it is time to look out below. Read more