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Should You Buy the Dip in Chipotle Stock?

TheMotleyFool

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Should You Buy the Dip in Chipotle Stock?

On Thursday afternoon, Chipotle Mexican Grill (NYSE: CMG) reported stellar sales and earnings growth for the third quarter of 2021. In fact, adjusted earnings per share (EPS) surged 87% year over year, hitting a Q3 record of $7.02.

Nevertheless, Chipotle stock fell 3% on Friday, ending the day more than 8% below the all-time high it reached last month. Let's take a look at whether this pullback has created a good entry point for long-term investors.