Jim Cramer’s Game Plan: 15 Stocks in Focus

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

Number of Hedge Fund Holders: 69

Chipotle Mexican Grill, Inc. (NYSE:CMG) was mentioned by Cramer during the episode as he 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.”

Chipotle (NYSE:CMG) runs a well-known restaurant chain that focuses on offering a range of Mexican-inspired meals. The company expects mid to high single-digit comparable restaurant sales growth for 2024, along with the opening of 285 to 315 new company-operated locations, over 80% of which will feature Chipotlanes. For 2025, it plans to open 315 to 345 new locations, with more than 80% again incorporating Chipotlanes.