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Jim Cramer Says Buy Chipotle Under $450, We’re Holding on to Starbucks

Jim Cramer said Chipotle needs to show some improvement in same store sales and that investors should buy the stock if it dips under $450.
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TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Chipotle (CMG) - Get Chipotle Mexican Grill, Inc. Report needs to show some improvement in same store sales when it reports quarterly results this week and that investors should buy the stock if it dips under $450. As for Starbucks (SBUX) - Get Starbucks Corporation Report , Cramer said many have asked for a long time whether the bull market in the stock is over and he believes investors should listen to what the coffee chain said in its conference call last week and then make a call on whether or not to own it, but he does say it is 'one of those high multiple stocks, and those are for sale right now.'

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.

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