10 Stocks on Jim Cramer’s Radar

4. Chipotle Mexican Grill, Inc. (NYSE:CMG)

Number of Hedge Fund Holdings: 65

Chipotle Mexican Grill, Inc. (NYSE:CMG) was the final restaurant stock that Jim Cramer discussed in this show. The firm’s shares are among the worst performers in its group as they are down by 37.8% year-to-date. Two notable dips are behind the performance, with the latest coming in October when Chipotle Mexican Grill, Inc. (NYSE:CMG)’s stock tumbled by 18%. The dip occurred after the firm’s third-quarter earnings report, which saw it cut its full-year same-store sales guidance for the third consecutive quarter. Several analysts have discussed Chipotle Mexican Grill, Inc. (NYSE:CMG)’s stock in December. For instance, Evercore ISI reiterated an Outperform rating on the shares and a $45 share price target. The financial firm pointed out that Chipotle Mexican Grill, Inc. (NYSE:CMG)’s same-store sales trends had only grown modestly. It also increased the EPS estimate to $1.19 from $1.17. Goldman Sachs kept a Buy rating and a $45 share price target this month as it appreciated Chipotle Mexican Grill, Inc. (NYSE:CMG)’s upcoming High Protein Menu. Cramer remarked that while the firm’s CEO was doing everything right, the market was simply too tough:

“And they are, they’ve got a very lower price protein offerings, Scott Boatright doing everything he can. But, in the end, cattle. . .they have the same gestation period as humans. Five thousand, how many, they slaughter a day, there are five thousand cattle.”