Dionysis Partsinevelos
3 min read
In This Article:
We recently published a list of Was Jim Cramer Right About These 11 Stocks? In this article, we are going to take a look at where Cava Group, Inc. (NYSE:CAVA) stands against other stocks that Jim Cramer discusses.
In that older episode, a caller asked Jim Cramer about Cava Group, Inc. (NYSE:CAVA), a fast-casual restaurant chain that some see as a potential rival to Chipotle. The caller was curious about its valuation and future potential. Cramer responded enthusiastically, saying:
“I’m very bullish. I’m very bullish. I think the comparison with Chipotle is — and I rarely ever say this — reasonable. It’s not excessive, and I think Cava is really good.”
Cramer’s bullish take was justified as Cava is up 7.51% despite a recent pullback. Cava Group, Inc. (NYSE:CAVA) is expanding its footprint across the U.S. by modernizing Mediterranean fast-casual dining with bold flavors and an efficient digital-first approach.
A close-up image of a colorful salad platter with toppings and dressings.
Jim Cramer still views the stock as a long-term play. Here’s what he said on May 16:
“Over the past month or so, the vast majority of stocks have rebounded from their lows. Some truly great names are still way off their highs. Take CAVA Group, the Mediterranean restaurant chain that I’ve been recommending for the past 18 months because I think it’s a tremendous regional to national growth story… CAVA will be going up against some tough comparisons in the future, though I remain in the same place on this one.
