Is Trending Stock Chipotle Mexican Grill, Inc. (CMG) a Buy Now?

Chipotle Mexican Grill (CMG) has declined 15% over the past month, underperforming the broader market. While the company shows modest revenue growth projections of 9-10.7% and has beaten earnings estimates in recent quarters, its Zacks Rank #3 (Hold) rating and premium valuation (Grade D) suggest the stock may perform in line with the market in the near term. Current fiscal year earnings are expected to decline 2.6% before rebounding 19.2% next year.