Jim Cramer Discussed These 10 Stocks Recently

1. 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:

“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.”

CAVA (NYSE:CAVA) operates within the fast-casual dining sector and oversees a growing network of Mediterranean-inspired restaurants across the United States.

While we acknowledge the potential of CAVA Group, Inc. (NYSE: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. 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 the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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