Jim Cramer Absolutely Nailed These 11 Stock Predictions

2. Cava Group, Inc. (NYSE:CAVA)

Number of Hedge Fund Holders: 47

Cramer spoke about Cava Group, Inc. (NYSE:CAVA) in response to a caller question on whether  it could follow Chipotle’s footsteps. Cramer was bullish. He cited its alignment with consumer health trends and encouraged buying it amid the broader selloff. Here’s what he said back then:

“[On whether it can follow Chipotle’s footsteps] Yes. Yes I think it can. Cava can. And I’ll you what. Because Cava has that Mediterranean diet going for it that is very good for you. And that’s what people want. There’s a whole cohort of people that’s all they want. They want to eat out and feel good and be good, and Cava fits that depiction. I am urging you to stop waiting for a correction to give you better buying opportunities, because we just had one as I just demonstrated. And I think we may be closer to the end of the selloff. It doesn’t mean we’re done, but it does mean you buy it.”

This was a great call by Cramer as the stock bounced back by 25.58% since then.

His opinion holds firm. Talking about Cava Group, Inc. (NYSE:CAVA) in a recent episode, Cramer had this to say:

“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.”