Was Jim Cramer Right About These 12 Stocks?

8. Cracker Barrel (NASDAQ:CBRL)

Number of Hedge Fund Investors: 18

Jim Cramer couldn’t hide his excitement about Cracker Barrel’s turnaround efforts under new CEO Julie Felss Masino. He noted the company’s initial struggles, including an 80% dividend cut earlier in 2024, but emphasized that the worst is behind it:

“Cracker Barrel’s gotten the dividend cut out of the way… I think the turnaround plan is real.”

The CEO joined the show and explained the company’s three-year plan that will focus on store remodels, menu innovation, and technology improvements, including a loyalty program with 5 million members in its first year. Cramer was impressed with Julie’s plan, saying:

“This is a brand that people love… it’s going to take a while, but give her time.”

With strategic investments and early positive signs from remodeled stores, Cramer saw long-term upside for Cracker Barrel.

Indeed, Cracker Barrel (NASDAQ:CBRL) has done a wonderful job since the show, being up by more than 45% since.