Jim Cramer Discusses These 9 Stocks & US AI GPU Advantages

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

Number of Hedge Fund Holders In Q3 2024: 69

Chipotle Mexican Grill, Inc. (NYSE:CMG) is a restaurant chain known for its Mexican cuisine. Despite inflation hitting consumers hard in 2024, the stock closed the year after gaining 33% primarily on the back of the firm’s growth strategy. Through this strategy, Chipotle Mexican Grill, Inc. (NYSE:CMG) aims to further extend its presence in Canada and Mexico and open more than 300 restaurants this year. Year to date the shares are down by 3.97% after its annual sales growth forecast sat below analyst estimates. Here’s what Cramer said about Chipotle Mexican Grill, Inc. (NYSE:CMG):

“Okay so January’s not so good.”

“[On top line growth of 13.1%, total revenue of $2.8 billion and same store growth of 5.4% but stock still being down] No because they did talk about the future and the future was not great. January was not a good month. Negative month. A lot of people are going to hope that we’ve saved by the honey chicken. Which is incredibly popular. By the way, the costs were fine. A lot of people were worried about avocado. Turns out that they source 50% away from Mexico. That was good. They’re doing a lot of stuff behind the scenes that I think are very good to bring the costs down. But, Carl, when you have a weak January, people just say what have you done for me lately? And what have they done for them lately is not great. As much as I think Scott Boatwright’s doing a good job, what can I say, they didn’t shoot the lights out of the January.”