The natural and organic foods company has the most shop keeping units in Whole Foods (WFM) amid the competitive price war in the supermarket system that is trying to have natural and organic products. Simon, who will appear on Cramer's Mad Money on CNBC on Wednesday night, delivered a "picture perfect quarter," according to Cramer.
Cramer says the company has both organic growth and acquisition growth and he calls the stock a "buy." He notes it had been languishing while WhiteWave (WWAV) has gone from $28 to $34. Cramer still likes WhiteWave but wants to hear what Simon says because this was the quarter for which the bulls have been waiting.
"We rate HAIN CELESTIAL GROUP INC (HAIN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income." You can view the full analysis from the report here: HAIN Ratings Report HAIN data by YCharts
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