Jim Cramer Tells Viewers To Not Trust Billionaires & Discusses These 11 Stocks

9. 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. Cramer has discussed the stock several times in his shows over the past couple of months. Chipotle Mexican Grill, Inc. (NYSE:CMG)’s shares have gained 19.2% over the past twelve months as the firm has successfully executed its growth strategy. This strategy involves adding more restaurants to its portfolio, and the firm expects to open as many as 345 restaurants in 2025. During his show, Cramer commented on the impact of Mexican tariffs on Chipotle Mexican Grill, Inc. (NYSE:CMG)’s business:

“Take Chipotle. Chipotle’s only down a dollar. And I like Chipotle very very much, I think it’s a great company. But they have avocados. And they have tomatoes. Now most of our, the plurality of our tomatoes come from Mexico. Almost all of our avocado comes from Mexico and they’re trying to get it from every single province. So I could argue that, I would argue that that’s stock’s too high. Remember I really like it but it sells like 51 times earnings.”