We recently published a list of 8 Stocks on Jim Cramer’s Radar Recently. In this article, we are going to take a look at where CAVA Group, Inc. (NYSE:CAVA) stands against other stocks on Jim Cramer’s radar recently.
On Tuesday’s episode of Mad Money, Jim Cramer discussed how stock ownership is viewed in the United States.
“Alright, look, lately, we can’t go a day without hearing some widespread misperceptions about stock ownership. I gotta tell you, I think it’s infuriating. Here we are celebrating the 20th anniversary of Mad Money, dedicated to the proposition that you can potentially make lots of money by picking individual stocks, yet I keep hearing that most Americans don’t care about the stock market, and this direction means nothing.”
READ ALSO: Jim Cramer Listed 20 Best Performing Stocks of the Last 20 Years and Jim Cramer Recently Discussed These 9 Stocks.
Cramer pushed back against the notion that only the wealthy care about or benefit from the stock market. He argued that the perception is not only wrong but dismissive of the millions of everyday people with financial stakes in the market. Moving on to stock ownership, he mentioned that, “It’s the whole reason anyone watches the darn show, and it generally matters, not just to the rich, but to tens of millions of regular people, home gamers, and never let any politician tell you otherwise.” He added:
“More than 60% of Americans have some exposure to the market, either directly or indirectly. 70 million people have active 401Ks. Millions more have retired with them. 60 million people have IRAs. Only 156 million people voted in November. I mean, we’re talking half the electorate here.”
Cramer insisted that shareholders form a significant constituency in this country and deserve to be recognized as such. He mentioned that “It’s not just arrogant, rich people who own stocks.” He also criticized wealthy individuals who publicly warn others about the risks of stock investing while still taking advantage of its tax benefits themselves. He added:
“Now look, stocks are ridiculously tax advantaged, more than just rich people want that. In a world where probably no more than 10% of this country can retire on their paycheck savings, stocks represent a different kind of social security, a one-sided pack where people try to save and the government dismisses them.”
Our Methodology
For this article, we compiled a list of 8 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 29. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
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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.”
Overall, CAVA ranks 5th on our list of stocks on Jim Cramer’s radar recently. While we acknowledge the potential of CAVA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CAVA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.