Was Jim Cramer Right About These 13 Stocks?

2. Cava Group Inc. (NYSE:CAVA)

Number of Hedge Fund Holders: 48

Cramer was bullish on Cava Group Inc. (NYSE:CAVA) and reiterated his buy call back then:

“We have been very clear on Cava. It got too hot, then it came all the way down, and we said, ‘Buy, buy, buy!’ And it’s been right, and we’re sticking with it.”

Since that episode, Cava Group Inc. (NYSE:CAVA) is up by 20.58%.

Following a more recent decline in the stock’s price, Cramer noted that it is not related to its last earnings report and predicted that its upcoming earnings report will contain great numbers. This is what he said on the 21^st of February:

“Now have you seen the action in CAVA of late? This once beloved restaurant stock, although a still beloved chain, has plummeted and it’s not because of the last quarter, which was stellar. I bet they report another set of great numbers. But when Wall Street has turned against momentum stocks, it doesn’t matter how well your business is doing. File CAVA away if the quarter’s great. We’re circling back at lower levels.”