Chipotle Mexican Grill, Inc. (CMG)'s CEOIs Doing A "Good Job," Says Jim Cramer

We recently published 13 Stocks Jim Cramer Discussed During His Historic Morning Appearance. Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer recently discussed.

Chipotle Mexican Grill, Inc. (NYSE:CMG)’s shares have lost 35% year-to-date as the firm has struggled with slowing consumer spending. Cramer’s previous comments about the company have pointed out that high prices are the reason that are driving the poor performance. This time, he discussed what Chipotle Mexican Grill, Inc. (NYSE:CMG)’s CEO Scott Boatwright was thinking and shared that perhaps a $15 meal price was the dividing line between high and low consumer spending:

“Wow yeah Chipotle, Scott Boatwright doing a good job. That stock was up, it’s a little bit too high. They’ve introduced some new things. I know that Scott is not happy with how things are going at Chipotle. But the fact is that there are others who are similarly. . .who have 15 dollar price points.”

Previously, Cramer discussed Chipotle Mexican Grill, Inc. (NYSE:CMG)’s menu items and how delivery costs made them more expensive:

“Like I had Scott Boatwright on last week, Chipotle. You know they had to raise price, but they made it larger. Now it still hurts, because it’s 28 dollars for a chicken burrito when you put in DoorDash, so that’s on the expensive side. But PepsiCo at least, which Chipotle you got more, they made the size bigger because they were criticized.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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