This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jim Cramer's Mad Dash: Chipotle Deserves Highest Industry Valuation

NEW YORK (TheStreet) -- Citigroup raised its price target on shares of Chipotle Mexican Grill (CMG - Get Report) from $648 to $793, according to TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio

On CNBC's "Cramer's Mad Dash," he explained that the company's 17% comparable-store sales is "remarkable," and the stock deserves the highest valuation in its industry. 

Read More: GM Isn't Alone in the Race to the 200-Mile Electric Car

"If you like Chipotle," Cramer said, play Chipotle by being long the stock. Don't look for substitutes. 

Cramer suggested investors use caution when jumping into a stock like El Pollo Loco (LOCO), even though it has acted well since its IPO last week. 

However, the stock's not necessarily cheaper than Chipotle, based on valuation, Cramer concluded. 

-- Written by Bret Kenwell in Petoskey, Mich.

Read More: El Pollo Loco Stock Surges 60% on IPO, but Is It a Buy?

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CMG $683.95 0.00%
LOCO $27.56 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs