NEW YORK (TheStreet) -- Shares of Domino's Pizza (DPZ) were climbing 6.06% to $161.21 in mid-morning trading on Tuesday after the pizza restaurant chain posted earnings and revenue that topped analysts' estimates for the 2016 third quarter.
"This is an amazing, amazing quarter," TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" this morning.
"They are really executing at a very high level," Cramer added, "They're doing a fantastic job. They're getting it."
Cramer also mentioned that Domino's domestic same-store sales grew 13%.
"Remember, they're a technology company...It's a remarkable company," Cramer contended.
"Anyone who has ever used the app knows that this is one of those where as they added things to the app, they were able to cut costs and make it so that people just order very easily," he added.
"It's been an amazing story," Cramer said.
Additionally, Cramer noted that fast-casual chain Chipotle Mexican Grill (CMG) was downgraded at Raymond James this morning.
"Eighteen months from your last incident is when they turn. The last incident was in December, so it is too early to turn," Cramer said referring to the company's E. coli outbreak last year.
"I remain a believer of Chipotle around the $400 level. I just think that this is a company that is doing a lot of things to try to get things right," Cramer added.
He also noted that it "costs a lot of money" to be the gold standard in health.
Shares of Chipotle were lower in mid-morning trading today.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on Domino's stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, impressive record of earnings per share growth, increase in net income and solid stock price performance.
The team believes its strengths outweigh the fact that the company shows low profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: DPZ