Hartung said that Chipotle is growing not because Wall Street wants it to but because of two other factors. "We look at the quality of real estate we can secure and the quality of managers we're developing," he said.
When asked how the company motivates managers and helps them become more aware of the community, Hartung spoke of Chipotle's restaurateur program, in which the fast-food chain gives its managers a bonus based on how they build their sales. Plus, Chipotle gives managers $10,000 for every crew person they develop to be a manager, Hartung said. "This stock should go up again tomorrow," Cramer said, adding that only when he catches three analyst upgrades in CMG will he consider selling the stock. Right now, Chipotle has one upgrade. To view Cramer's interview with Jack Hartung , please click here.- Loading Comments...
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