Jim Cramer on Chipotle Mexican Grill (CMG): 'I Think Chipotle's Making a Comeback'
We recently published a list of . In this article, we are going to take a look at where Chipotle Mexican Grill, Inc. (NYSE:CMG) stands against other stocks that Jim Cramer discusses.
Inquiring about Chipotle Mexican Grill, Inc. (NYSE:CMG), a caller noted that the stock is somewhat 'lacking'. In response, Cramer said:
'Hey, come on. I had a really good day… and suddenly, I see Chipotle starting to roll. I mean, the stock is up $2. You know I'm pulling for Scott Boatwright. I think we're in good shape. I think we, I gotta tell you, this one's been just treading water because maybe they raised prices too much. But I think Chipotle's making a comeback. I would want to be a buyer…'
Chipotle Mexican Grill (NYSE:CMG) owns and runs restaurants serving a variety of Mexican-inspired dishes like burritos, tacos, and salads. The company also offers delivery and related services through its app and website. Toward the end of April, when Cramer was asked about the company, he said:
'Great question. I would tell your son this, the stock reported a quarter that people didn't like, and what happened? The stock went up. What does that tell you? We are finally at terra firma, and that is not one of those companies that's going to be, it does have some tariff problems, but not many. And what I would emphasize to you about Chipotle, it's never going to be cheap, but it's rarely down this long.'
A chef plating up a wide variety of dishes for a restaurant chain.
Overall, CMG ranks 9th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CMG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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View source version on Contacts Media Contact:Keith Investor Contact:Nathan RutledgeIR@
