Jim Cramer on CAVA: "I Think It's Terrific"

CAVA Group, Inc. (NYSE:CAVA) is one of the stocks in Jim Cramer’s spotlight. A caller asked what Cramer thinks of the company over the short and long term, and Cramer commented:

“Okay, it mystifies me that the stock’s been down so much because you know, I think it’s terrific. I would say, just so you know, that I feel very good at this thing down at, you know, 90, but what the problem is this, it sells, it’s got 150 multiple, and people just say, you know what? I don’t care how great they are, I’m not paying for that. I say, just hold it, and if it breaks down, buy some more because I think this brand is going to be in for the long term. I like it, and all I can tell you is it is kind of stunning that it fell from $172 all the way down here.”

CAVA (NYSE:CAVA) operates a restaurant chain under the CAVA brand and sells dips, spreads, and dressings in grocery stores. Moreover, the company offers digital ordering through its online and mobile platforms.

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Disclosure: None. This article is originally published at Insider Monkey.