Jim Cramer Put These 14 Stocks Under the Microscope

9. Chipotle Mexican Grill, Inc. (NYSE:CMG)

Number of Hedge Fund Holders: 78

Inquiring about Chipotle Mexican Grill, Inc. (NYSE:CMG), a caller noted that the stock is somewhat “lacking”. In response, Cramer said:

“Hey, come on. I had a really good day… and suddenly, I see Chipotle starting to roll. I mean, the stock is up $2. You know I’m pulling for Scott Boatwright. I think we’re in good shape. I think we, I gotta tell you, this one’s been just treading water because maybe they raised prices too much. But I think Chipotle’s making a comeback. I would want to be a buyer…”

Chipotle Mexican Grill (NYSE:CMG) owns and runs restaurants serving a variety of Mexican-inspired dishes like burritos, tacos, and salads. The company also offers delivery and related services through its app and website. Toward the end of April, when Cramer was asked about the company, he said:

“Great question. I would tell your son this, the stock reported a quarter that people didn’t like, and what happened? The stock went up. What does that tell you? We are finally at terra firma, and that is not one of those companies that’s going to be, it does have some tariff problems, but not many. And what I would emphasize to you about Chipotle, it’s never going to be cheap, but it’s rarely down this long.”