Chipotle (CMG) CEO’s Doing Everything He Can, Says Jim Cramer

We recently published 10 Stocks on Jim Cramer’s Radar.  Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks on Jim Cramer’s radar.

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.”

While we acknowledge the risk and potential of CMG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CMG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.