Jim Cramer on Chipotle Mexican Grill: “It’s Got to Show Some Better-Than-Expected Numbers, and It Hasn’t Been Able to Do That Yet”

Man, I gotta archer you, I thought candidly it was going to clasp astatine this level. This is the crunch time. It’s astatine $30. I deliberation it tin bash so. But here’s the problem. It’s got to amusement immoderate better-than-expected numbers, and it hasn’t been capable to bash that yet. Scott Boatwright, you indispensable present a amended quarter. You got 1 period left. April 29, you gotta deliver. Have to.

Photo by Joshua Mayo connected Unsplash

Chipotle Mexican Grill, Inc. (NYSE:CMG) owns and operates restaurants that supply burritos, bowls, tacos, salads, and different paper items. A caller asked what Cramer thinks of the banal implicit the agelong word and highlighted that they were successful the “house of pain.” In response, the Mad Money big commented:

The location of symptom is simply a unspeakable spot to be. Though I had the Chicken al Pastor, man, that was dynamite, but that’s not going to beryllium dispositive to the stock. I deliberation the banal is marking time, but that the numbers are going to crook here. Scott Boatwright is doing everything right. It’s been astatine $34, $35 since it’s reported. I’m feeling good astir it, but I don’t similar the edifice radical that overmuch due to the fact that it translates arsenic being, if gasoline is up, restaurants are down. That’s the mode it is.

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