Some restaurant shares overvalued – Barron’s

NEW YORK, Dec 26 (BestGrowthStock) – A strong 2010 rally has left
many restaurant shares overvalued, Barron’s said in its latest
issue, and some stocks could fall at least 20 percent next year
from current levels.

Barron’s specifically cited four companies that may be
overvalued and in line for a reversal, based on gains they have
made thus far this year: Chipotle Mexican Grill (CMG.N: ), BJs
Restaurants Inc (BJRI.O: ), Panera Bread (PNRA.O: ) and Red Robin
Gourmet Burgers (RRGB.O: ).

In its issue dated Dec 24 Barron’s also suggested investors
would be better served waiting until the stocks have cooled off
before buying.
(Reporting by Ben Berkowitz; editing by Gunna Dickson)

Some restaurant shares overvalued – Barron’s