Jim Cramer Would Buy Chipotle Stock Here

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Jim Cramer discussed Chipotle's  (CMG) - Get Report quarter.

Revenue in the quarter rose 23% to $1.74 billion and was in-line with estimates. Same-store sales rose 17.2%.

Digital sales jumped 134% to $869.8 million. "A little more than half" the digital sales were from order-ahead transactions, Chipotle said.

Chipotle said it expects second-quarter same-store sales to be in the "high-twenties" percent to 30% range.

"As vaccines roll out and we get closer to moving past this pandemic ... Chipotle is well-positioned for growth,” said Chairman and CEO Brian Niccol in a statement.

And at $1,500, Cramer has some advice for investors. 

Recap TheStreet Live: Everything Jim Cramer Is Watching Thursday

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