Jim Cramer on Chipotle: “What a Good Franchise at a Very Reduced Price”

Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer was recently asked about. Noting that the stock has been down over the past year, a caller asked if it is a buy, and Cramer replied: You know, a lot of people are warming up to Chipotle down here. It has had such a decline. It only sells for 34 times earnings. I say only because I’ve seen it at a much higher price-to-earnings multiple. I think it’s actually at a decent level to put some stock on. They have a report on Feb 3rd. Remembe ...