Jim Cramer Commented on These 8 Stocks Recently

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

Number of Hedge Fund Holders: 83

Cramer made a comment on Chipotle Mexican Grill, Inc. (NYSE:CMG) in light of tariffs as he said:

“Chipotle? Alright, so Chipotle, I don’t want to be a weasel here, but it sells at 38 times earnings and that kind of stock is going to take a little bit of heat just because the market’s going to be down off the tariff news. But it is the kind of stock you would buy after the tariff news is digested and it’s, but it is gonna feel like it’s, you’re digesting something that’s real bad tasting.”

Chipotle (NYSE:CMG) operates a popular chain of restaurants that specializes in serving a variety of Mexican-inspired dishes. ClearBridge Investments stated the following regarding the company in its Q4 2024 investor letter:

“We also initiated a position in fast casual restaurant chain Chipotle Mexican Grill, Inc. (NYSE:CMG). The recent pullback in shares related to a moderation in industry-wide restaurant sales and CEO Brian Niccol’s August departure created an attractive entry point into a company with industry-leading unit economics in a still underpenetrated market. Chipotle plans to double its store footprint over time while executing initiatives to increase volume growth through technology enhancements, reduced mobile order friction and higher production during peak hours. Better throughput, technological integration and improved mix should help to drive continued margin expansion. Chipotle further diversifies the portfolio, adding to consumer discretionary where we have historically had less exposure.”