Chipotle Mexican Grill (NYSE: CMG) reported its second-quarter results late Wednesday afternoon, and in after-hours trading, its stock surged. But on the earnings call, the company warned of near-term margin pressures, and on Thursday, the market erased the stock's initial gains and it kept falling. Chipotle is now down by more than 25% from its recent high, though it's up about 11% on the year.

Has that recent sell-off created a good buying opportunity?

In the second quarter, Chipotle's revenue climbed by 18.2% to $2.97 billion, topping analysts' consensus estimate of $2.94 billion. Comparable restaurant sales jumped by 11.1%. Transactions grew by 8.7%, while the average check was up about 2.4%, largely due to increased prices, as mix, which is the difference in menu items sold compared to a year ago, was down about 1%.

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Source Fool.com