Shares closed at $32.49 on Friday, while the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average added 0.02% to 49,609.16.
Chipotle still outperformed some restaurant peers on the day, with McDonald's down 2.80% and Yum! Brands off 3.37%, though Starbucks gained 0.64%.
The stock finished 44.39% below its 52-week high of $58.42 reached on 2 July, and trading volume of 12.8 million was below its 50-day average of 16.3 million.
With analysts forecasting a major upside, why do valuation models suggest Chipotle's stock is significantly overvalued?
Chipotle's revenue is growing but profits are shrinking. Can its new growth strategy overcome crippling food and labor costs?