Chipotle Mexican Grill, Inc. (CMG)'s Meals Are Just Too Expensive, Says Jim Cramer

We recently published Jim Cramer Just Couldn’t Stop Talking About These 13 Stocks. Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer recently discussed.

The recent dip in Chipotle Mexican Grill, Inc. (NYSE:CMG)’s shares, which saw them fall by 13% and constrained consumer spending in the US has brought the stock back on Jim Cramer’s radar. The CNBC TV host believes that the firm’s menu is just too expensive for diners. This time, he remarked on how the high prices are compounded by high ordering costs as well:

“We’ve been talking about which outfits are doing well, we talked about the Ollie’s, and we talked about Dollar General, Chipotle’s not doing well. Chipotle, a lot of people perceive is, just too expensive. And they are offering kind of a group [inaudible] that comes out to be eight dollars a person, but this is, they talk about cyclicality, and they talk about how tough the economy is for their customers, and I think what that really means is that people want the bargain, they want to go Burlington, they want to go to Olive Garden, and they’re not, Chipotle doesn’t have the sales, they have negative sales.

“But anyway, I just think that, we are stuck with two economies. And its economy says, listen, I’m not gonna pay 18 dollars plus ten dollars DoorDash, 28 dollars, for a burrito bowl. But you know what, I’ll take the five dollar McDonald’s value.”

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Disclosure: None. This article is originally published at Insider Monkey.