Jim Cramer Says "This Is the Level That You Gotta Pull the Trigger and Buy Some Chipotle"

Chipotle Mexican Grill, Inc. (NYSE:

) is one of the . Answering a caller’s query about the stock during the episode, Cramer said:

Well, look, let’s look at the thing objectively. It reported the last quarter, and it was right here. And I said this stock’s done going down, and I am sticking with that judgment. I think Scott Boatwright is turning the ship, and this is the level that you gotta pull the trigger and buy some Chipotle.

Photo by Anna Nekrashevich on Pexels

Chipotle Mexican Grill, Inc. (NYSE:CMG) owns and operates restaurants that provide burritos, bowls, tacos, salads, and other menu items. Cramer mentioned the stock during the February 3 episode and commented:

What’s going on with the stock of Chipotle? This stock’s been making a comeback over the last couple of months, but when it reported after the close, Wall Street was a little mixed about this one. Even though the numbers came in better than feared, management’s full-year same-store sales forecast was slight light, and the stock plummeted in after-hours trading. I think that Wall Street’s going to be wrong here. I think this is getting mighty attractive. So does the company. They’ve been buying back stock hand over fist.

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