Chipotle shares fall after CNBC comment

CHICAGO (Reuters) - Shares of restaurant chain operator Chipotle Mexican Grill Inc (CMG.N) fell more than 6 percent on Friday after a CNBC-TV commentator said the stock had gotten too expensive and should be sold.

Jim Cramer said the stock was trading at twice its growth rate and called its level an "impenetrable ceiling," according to CNBC's Web site.

"When a stock gets to this level, you just have to sell," Cramer said.

Chipotle shares were down $7.65 at $121.35 on Friday on the New York Stock Exchange.

Through Thursday, the stock was up 126 percent this year, compared with an 8 percent increase in the Dow Jones U.S. restaurants and bars index .DJUSRU.

"The stock price has gotten a little bit carried away," Morningstar analyst John Owens said, though he added that Chipotle still has good growth prospects.

Morningstar's fair value for Chipotle is $89, Owens said.