Jim Cramer on Chipotle: “I Am Troubled”

Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer recently discussed. A caller asked if they should hold or sell the stock, and Cramer remarked:

“I am troubled. I’m troubled by Chipotle. It hit a 52-week low today at 41… I think that Scott Boatwright should come on and we suss out what’s going on here because I don’t like the action, and I don’t like what I’m hearing. And yet I know that this is a place that I still like to eat, so I don’t want to give up on it because I still like the product. Let’s do some deep, let’s do a deep dive on this one.”

Jim Cramer on Chipotle: “I Am Troubled"

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Chipotle Mexican Grill, Inc. (NYSE:CMG) operates restaurants that provide burritos, bowls, quesadillas, tacos, salads, and related sides and beverages. When a caller sought Cramer’s advice on the stock in a July episode, Cramer responded:

“Okay, why to sell, right? Boatwright, he’s a good CEO. I think that a lot of people feel right now, that the price, that it’s gotten, the meals are too expensive. I think that’s nonsense. What’s really happened here is they did this 50-for-1 split, and there’s just stock sloshing around everywhere. It just hasn’t been able to put together two good quarters. When it does that, I think it can break out again. But it’s not, we don’t own it. When it comes to restaurants, I like, you know, I like Texas Roadhouse. Why? Because it’s a regional and national story. I prefer that to the stock of Chipotle.”

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