Opinions
Jim Cramer - Mad Money
Hain Celerstial Group
HAIN-Q
BUY
Oct 20, 2021
Hain has thrived despite fears that the packaged food stocks will suffer because of inflation. HAIN sells organic foods. The stock sold off hard in late August as sales came in weaker than expected and management warned of inflation. But it's up 17% in the past month and erased all those losses. Management also announced achievable long-term growth and margin targets.
$44.910
Stock price when the opinion was issued
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COMMENT
Secularly this is in the right space. Everybody is looking for healthier, more organic, more natural foods that are better for you. He’s a huge proponent of that, but this is trading at a massive multiple. In the next leg of a rally, you are going to have to see some M&A happen with some traditional players such as Kraft (KRFT-Q) and Kellogg (K-N) looking to expand, making acquisitions.
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