Chipotle's back, baby.
Jim Cramer wrote about Chipotle for his morning column over on Real Money.
Here's what Cramer wrote:
Chipotle's (CMG - Get Report) back -- and it is back right on time. That's right, the company reported fantastic numbers Wednesday night, a colossal 6.1% comparable-sales number, coupled with healthy margins, including the persnickety labor costs that have bedeviled all fast food outlets these last few months.
It's been a long road back from the food-borne illness woes that plagued the chain -- first beginning in the summer and winter of 2015 and then, again in the summer of 2017. Those incidents crushed the comps and, of course, the stock, which traded as low at $250 back in February of last year.
It's a tour de force comeback -- and yet, in many ways, the move is right on time. You see, the American people are a forgiving and forgetful lot, if you give them time.
But Chipotle isn't the only food chain that Cramer's got his eye on.