Jim Cramer Discusses Chipotle’s Struggles

Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer was focused on. Cramer discussed the company’s recent performance during the episode. He remarked:

“We gotta talk Chipotle. Simply, why can’t Chipotle stock get some distance from the new low list, given how good it is? For the better part of two decades, this is one of the greatest growth stories out there, tremendous stock, too. But for over a year now, the stock struggled, and that includes last month when the Mexican chain reported a disappointing quarter.

Worse, they lowered their full-year same-store sales forecast, which is why the stock plunged 13% in response. Now, at this point, a lot of investors are worried that even though Chipotle sells high-quality food… it’s just not offering consumers maybe what they want, the kind of bargains maybe that they need. I don’t know, maybe that’s one of the reasons why the stock’s now down 29% for the year, which we know is not acceptable.”

Susan Law Cain / Shutterstock.com

Chipotle Mexican Grill, Inc. (NYSE:CMG) operates restaurants that provide burritos, bowls, tacos, salads, and related menu items.

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