Cramer: Can't Stop This High-Flying Stock
"Some stocks just cannot be stopped," Cramer said Friday.
Take Chipotle Mexican Grill , for example, which reported a strong quarter on Thursday. While the stock ended higher on Friday, it was initially down 8 points following a couple of key ananlyst downgrades, citing concerns over rising food costs. But Chipotle isn't just another restuarant, Cramer said. He thinks it's the single-best restuarant growth story, which helped take the stock higher. Wall Street doesn't get Chipotle's story, though, given that 12 of the 26 analysts who cover CMG rate it a 'hold' or a 'sell.'
"These guys don’t understand how the company can keep delivering such stellar numbers," Cramer said. "It’s easy. Chipotle sells healthy food that also tastes good."
Demand for Chipotle's products seems to have helped it deliver standout earnings. It recently reported $1.47 of earnings per share, an 18 cent beat on stronger-than-anticipated revenues, up 24.5 percent year-over-year. Meanwhile, same-store sales are up 12.6 percent for the quarter, which is also better-than-expected. Analysts worry about higher food costs, but Chipotle has found that higher same-store sales offset those increased costs. Chipotle continues to open new locations, too.
To learn more about future prospects for this restaurant chain operator, Cramer invited chief financial officer John Hartung onto "Mad Money." Watch the video to see the full interview.
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