Analyst Sees Chipotle's Valuation As A Little Stretched

Stephen Anderson, senior restaurant and consumer analyst at Maxim Group, spoke on CNBC's "Closing Bell" about Chipotle Mexican Grill, Inc. CMG after it reported an earnings beat.

He said the company posted great numbers, especially on the digital side, which is now around 18% of its total sales. Anderson added that the CEO restored the company's culture.

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The analyst believes Chipotle's valuation is a little bit stretched at this point and he wouldn't be surprised to see a pullback.

Chipotle traded up more than 3.4% to $764.83 in after-hours trading.