Jim Cramer Says Chipotle “Has Probably Settled Down”

Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks highlighted as Jim Cramer responded to questions from Harvard Business School students. Noting that the stock has been getting crushed recently, a student inquired where the stock will go. Cramer said: “I don’t know. I mean, Chipotle, I think, has probably settled down. It’s, probably would go down to 23, 24 times earnings. It means it could still break down a little bit more from here. I don’t like, it’s too expensive. That’s what happened. Not ...