Chipotle: Take Profits Now!

Shares of Chipotle Mexican Grill ( CMG ) are soaring today after the burrito purveyor reported better-than-expected earnings that suggested it had finally turned the corner. But is this as a good as it gets? Sure, Chipotle reported a profit of $1.60 a share, beating the Street consensus for $1.29 a share , on sales of $1.07 billion, narrowly edging out forecasts for $1.05 billion, but growing for the first time since its health-crisis started . JPMorgan's John Ivankoe and Alex Mergard , however, recommend investors "take profits on Chipotle," arguing that the stocks is "more than fully valued." They explain: