Jim Cramer’s Surprised About US Travel As He Discusses These 18 Stocks

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

Number of Hedge Fund Holders In Q4 2024: 83

Chipotle Mexican Grill, Inc. (NYSE:CMG) is a restaurant chain that specializes in Mexican cuisine. Cramer’s previous remarks about the firm have shared that he isn’t concerned about the company and added that investors have cooled on the stock as they wonder if it can deliver robust same-store sales growth. Chipotle Mexican Grill, Inc. (NYSE:CMG)’s shares jumped by 6% in the days following its earnings as the firm overcame the initial post-earnings share price drop. Here’s what Cramer said:

“[CMG and consumer headwinds] When I listened to that I said okay now I know why Kroger goes up every day. Now I know why Costco’s strong. There, Scott Boatwright had a very, this was the Chipotle call, it was a very straightforward call basically just saying, they didn’t mention the actual price of different things, but people would rather just have a couple of meals at home. Where it’s just cheaper.”

“Remember McDonalds came out with a $5 burger and their numbers spiked? Well, you have to address, if I were Chipotle right now, I’d be thinking, okay, I gotta come up with a limited-time only offer that is, that’s cheaper. Now Scott, to his credit said, listen we gotta have people smile more. Okay. I like smiles.”

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