Jim Cramer Says "This Is the Level That You Gotta Pull the Trigger and Buy Some Chipotle"

Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer put under the microscope. Answering a caller’s query about the stock during the episode, Cramer said:

Well, look, let’s look at the thing objectively. It reported the last quarter, and it was right here. And I said this stock’s done going down, and I am sticking with that judgment. I think Scott Boatwright is turning the ship, and this is the level that you gotta pull the trigger and buy some Chipotle.

Chipotle Mexican Grill, Inc. (NYSE:CMG) owns and operates restaurants that provide burritos, bowls, tacos, salads, and other menu items. Cramer mentioned the stock during the February 3 episode and commented:

What’s going on with the stock of Chipotle? This stock’s been making a comeback over the last couple of months, but when it reported after the close, Wall Street was a little mixed about this one. Even though the numbers came in better than feared, management’s full-year same-store sales forecast was slight light, and the stock plummeted in after-hours trading. I think that Wall Street’s going to be wrong here. I think this is getting mighty attractive. So does the company. They’ve been buying back stock hand over fist.

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