Was Jim Cramer Right About These 13 Stocks?

3. Chipotle Mexican Grill Inc. (NYSE:CMG)

Number of Hedge Fund Holders: 83

Towards the end of the show, Cramer discussed the potential advantages of a stock split and used Chipotle Mexican Grill, Inc. (NYSE:CMG) as an example of a great company that voted for a stock split at the time:

“The incredible CFO of Chipotle Jack Hartung has embraced the concept of a stock split and has shareholders voting on a 50-to-1 split which would be sensational for anyone who doesn’t want to pay $3,000 a share for this thing. Even though this split would cause a flood of new shares and therefore a flood of commissions for the big institutions who want to buy large positions in Chipotle, Jack told us there’s been no push back whatsoever by any of his institutional investors. Well of course they should care more about Chipotle’s unbelievable performance it’d be strange to criticize a company where if you bought $750 a stock on the IPO you have $100,000 today.”

Chipotle Mexican Grill, Inc. (NYSE:CMG) has fallen 14.71% since that episode, despite Cramer’s enthusiasm around the stock split and fundamentals.

On the 27^th of February, Jim Cramer gave his thoughts on the stock again:

“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.”