Jim Cramer on Chipotle: “Let’s Just Keep it on the Radar Screen”

Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer shared insights on. A caller asked if it was a good idea to hold the stock or get rid of it. In response, Cramer remarked:

“Oh boy, alright. There’s a lot of fundamental stories going on in the restaurant industry that is making it so it’s hard to buy any of these, and a lot has to do with the price of beef. I keep thinking that cattle is going to break down. That is a big cost that they have, and you know what? I thought it was going to break. I talked to my friend Carley Garner; she felt that it’s going to break, but what happened? This thing, which goes into so much of Chipotle’s food, is just no quit. So until cattle really breaks, I’m going to have to say, let’s just keep it on the radar screen.”

Susan Law Cain / Shutterstock.com

Chipotle Mexican Grill, Inc. (NYSE:CMG) operates a chain of restaurants serving burritos, tacos, bowls, salads, and related menu items.

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