Cramer Quick Take: Making Sense of Chipotle
NEW YORK (TheStreet) -- The latest earnings from Chipotle Mexican Grill (CMG) are in and Jim Cramer told Nicole Urken at TheStreet.com Wednesday that he likes what he sees.
Cramer said that when it comes to Chipotle, the stock's performance is all about whether the company has the leverage to push through price increases, something executives noted they now feel they can do.With customers willing to pay more for Chipotle's healthy eating alternatives, Cramer said this will be a huge boon to the stock. He also likes the coming addition of more items to cater to vegetarian customers, something he said worked very well for Domino's Pizza (DPZ) .
Cramer said investors need to get into CMG ahead of the new prices and menu choices going into effect.
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-- Written by Scott Rutt in Washington.
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