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Actionable news in CMG: CHIPOTLE MEXICAN GRILL Inc,

Panera's Stock Has Had a 'Monster Move' So Should You Still Buy It?

Panera's (PNRA - Get Report) stock has "had a monster move" in the last year and could go still higher, but now may not be the best time to buy it, according to Jim Cramer, TheStreet's founder and manager of the Action Alerts PLUS portfolio, which owns Panera.

The restaurant chain has seen its shares rise from a 52-week-low of about $165 per share to its recent close of $215 per share on Friday. It was trading at $215.18 in mid-day trading on Monday.

"This was our stock pick of the year for Action Alerts ... so far we're doing pretty well," Cramer said.

Cramer added a caveat, however: "If you haven't bought it yet, maybe you want to wait to see what the quarter is, because sometimes these stocks can trade...


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