8 Stocks on Jim Cramer’s Radar Recently

5. CAVA Group, Inc. (NYSE:CAVA)

Number of Hedge Fund Holders: 47

CAVA Group, Inc. (NYSE:CAVA) was mentioned during the episode, and here’s what Cramer had to say about it:

“I like it here. I like it here for the long term. Why? Because I think the Mediterranean is a kind of food that can be like Chipotle, it can be the previous, you know, just the way Chipotle had a big run. I think Cava can too.”

CAVA (NYSE:CAVA) manages a growing chain of restaurants that serve Mediterranean-style food across the country. In March, Cramer extensively commented on the company as he said:

“Cava started out real hot but then had a multi-month cool-off period. I started recommending it in the low $30s back in November of 2023 after Cava’s Chairman Ron Shaich, formerly of Panera Bread, convinced me that it had the potential to be the next big thing in casual dining. Now this stock then marched steadily higher through most of last year, ultimately peaking at $172 last November. That was after Cava reported a tremendous quarter and its shares shot up 19% intraday before pulling back and finishing up less than 2%.

… I never recommended this stock because I thought it was cheap though, I like Cava because I think it’s an excellent long-term, what we call, regional to national story… Their stores are doing very well and they’ve got a ton of room to expand from a regional to national player… I don’t see any signs of the concept losing momentum. When Cava reported its latest quarter, it delivered 21% same-store sales growth, for heaven’s sake. Now that the stock’s down 55% from its highs, you got my blessing to start buying Monday and if it keeps falling, you know what you should do? Buy more.”