Jim Cramer Is Happy About Chipotle (CMG)

We recently published 17 Stocks Jim Cramer Talked About.  Chipotle Mexican Grill Inc. (NYSE:CMG) is one of the stocks that Jim Cramer talked about.

Chipotle Mexican Grill Inc. (NYSE:CMG) is a restaurant chain known for providing Mexican-themed cuisine. Its shares are down by 31% over the past year and are flat year-to-date. Guggenheim trimmed the firm’s share price target to $36 from $37 and kept a Neutral rating on the shares in February. Chipotle Mexican Grill Inc. (NYSE:CMG)’s same-store sales growth forecast played a key role in Guggenheim’s coverage, as it outlined that the flat guidance for 2026 was not reflected in the shares. Telsey Advisory also discussed Chipotle Mexican Grill Inc. (NYSE:CMG) as February kicked off. It reduced the share price target to $48 from $50 and kept an Outperform rating on the stock. Telsey outlined that menu improvements, marketing, and other initiatives had led the firm to beat its fourth-quarter estimates. Some of these factors were also on Cramer’s mind:

“I’ll give you one that I think is really good that people have decided is never coming back is Chipotle. They’ve got an ad. Stock was down to 35. I pushed it very hard last night because I was thrilled to hear that they have finally lowered expectations and the same store sales numbers will be better than what people think.

“Now finally the expectations are lowered and I think they are doing four specials. The specials bring in a lot of people. One time only.”

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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.