Chipotle Mexican Grill's (NYSE: CMG) stock has rallied about 50% over the past 12 months and is currently hovering near its all-time high. The fast-casual restaurant chain repeatedly impressed investors with its robust comparable-store sales growth and expanding margins, even as inflation curbed consumer spending and drove up its labor and food costs.

But is too late to buy Chipotle's stock at these levels? Let's review its growth rates and valuation to decide.

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Source Fool.com