11 Stocks on Jim Cramer’s Radar

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

Number of Hedge Fund Holders: 83

Chipotle Mexican Grill, Inc. (NYSE:CMG) was mentioned during the episode, and here’s what Cramer said:

“Alright, you know, Chipotle is a growth stock. Now, I just, I preface that by saying the growth stocks are suddenly incredibly out of favor. I think Chipotle’s good. It has come down a lot. I think that, that Scott Boatwright is doing a good job. I think it’s actually a pretty decent level to start a position. Please don’t buy this all at once. This stock has been, become very erratic of late.”

Chipotle (NYSE:CMG) operates a popular restaurant brand that specializes in serving a variety of Mexican-inspired dishes. Even when the company stock was briefly sidelined in January, Cramer was bullish on it and said:

“Now, we’ve been focused on a handful of great restaurant chains lately, especially the incredible rally of Brinker, which you know as Chili’s. The premier growth stock in the group though has always been Chipotle, but somehow it’s been lost in the shuffle here.

Now maybe this is a chance to get back in before the next big move higher. Buying Chipotle on weakness is generally the right call, like forever. Of course, it has a new CEO Scott Boatwright, but he is an old Chipotle hand, and the rest of the crew’s intact, including friend of the show Jack Hartung, former CFO, now president and chief strategy officer. It might be time to start a position.”