Jim Cramer on Chipotle: “What a Good Franchise at a Very Reduced Price”

Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer was recently asked about. Noting that the stock has been down over the past year, a caller asked if it is a buy, and Cramer replied:

You know, a lot of people are warming up to Chipotle down here. It has had such a decline. It only sells for 34 times earnings. I say only because I’ve seen it at a much higher price-to-earnings multiple. I think it’s actually at a decent level to put some stock on. They have a report on Feb 3rd. Remember, it might go back down to that $30 low, and you might have to buy a little more. But wow, what a good franchise at a very reduced price.

Photo by Artem Podrez on Pexels

Chipotle Mexican Grill, Inc. (NYSE:CMG) owns and operates restaurants that provide burritos, bowls, tacos, salads, and other menu items. During the November 5, 2025, episode, a Harvard Business School student asked about the stock, and Cramer responded:

I don’t know. I mean, Chipotle, I think, has probably settled down. It’s, probably would go down to 23, 24 times earnings. It means it could still break down a little bit more from here. I don’t like, it’s too expensive. That’s what happened. Not executing well either. I sure wish it would.

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