Jim Cramer on Chipotle: “It Might Actually Bounce Even If the Quarter Isn’t Spectacular”

Chipotle reports, too. Now, this one’s truthful low, it mightiness really bounce adjacent if the 4th isn’t spectacular, which it’s astir apt not, but it doesn’t matter, it’s excessively low.

Photo by Anna Nekrashevich connected Pexels

Chipotle Mexican Grill, Inc. (NYSE:CMG) owns and operates restaurants that supply burritos, bowls, tacos, salads, and different paper items. A caller sought Cramer’s proposal connected the banal during the January 27 episode, and helium commented:

You know, a batch of radical are warming up to Chipotle down here. It has had specified a decline. It lone sells for 34 times earnings. I accidental lone due to the fact that I’ve seen it astatine a overmuch higher price-to-earnings multiple. I deliberation it’s really astatine a decent level to enactment immoderate banal on. They person a study connected Feb 3rd. Remember, it mightiness spell backmost down to that $30 low, and you mightiness person to bargain a small more. But wow, what a bully franchise astatine a precise reduced price.

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