Chipotle (CMG) Was Supposed To Be A Winner, Says Jim Cramer

We recently published Jim Cramer Discussed These 25 Stocks In An Important Show About AI Spending. Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer recently discussed.

Chipotle Mexican Grill, Inc. (NYSE:CMG), the fast casual restaurant chain, is another frequent feature of Cramer’s morning show. The CNBC TV host believes that the firm’s struggles are related more to its business model rather than the general consumer sentiment. In several appearances, he has pointed out that Chipotle Mexican Grill, Inc. (NYSE:CMG) struggles with high prices. However, earlier in the year, Cramer disagreed in April with worries about the firm’s same-store sales growth justifying the high share price. Later in the month, though, he opined that Chipotle Mexican Grill, Inc. (NYSE:CMG) needed a limited-time offer that was cheaper to compete with firms such as McDonald’s. More recently, he stated that the firm just couldn’t deliver, and it was starting to worry him. In this appearance, he remarked that Chipotle Mexican Grill, Inc. (NYSE:CMG) was supposed to be a winner:

“Lulu, I don’t know what to say. Chipotle I think that these were supposed to be winners with the economy. Remember the Brian Moynihan, CEO of Bank of America, was saying, the rich people are spending more than ever.”

While we acknowledge the potential of CMG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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