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Shares of Hain tumbled more than 6% on Wednesday, one day after the company released earnings. The decline caught the attention of Jim Cramer.

The "Mad Money" host has been a fan of for quite some time. On Aug. 22 Cramer said he could easily see shares trading significantly higher, citing the company's enormous growth potential.

His bullish outlook stems from Cramer's belief that the nation's eating habits are undergoing a massive shift, with many more people preferring organic and natural products. And he believes Hain is among the best ways an investor can leverage that theme.

However, on Wednesday investors did not share Cramer's enthusiasm. They stepped to the sidelines after Hain reported earnings.

Looking at the numbers, for the period ended Dec. 31, Hain posted earnings of $41.2 million, or 84 cents a share, up from $31.6 million, or 67 cents, a year ago. Adjusted per-share earnings rose to 87 cents from 74 cents.

Analysts polled by Thomson Reuters had expected earnings of 87 cents a share and revenue of $537 million.

"The numbers were in line with estimates," Cramer noted. Yet, investors hit the sell button.

"Sales were slightly weaker than expected," Cramer admitted. "And, the company's domestic growth decelerated by 700 basis points versus the previous quarter," Cramer added.

But should those metrics warrant a 6% decline?

"I think a big part of the reason why Hain's down so much is because this is a high-quality growth stock that people have come to expect quite a lot from, and we're in an environment where if you don't execute perfectly, your stock goes lower, period," he said.

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Although emerging markets woes and concerns about the next jobs numbers are the big catalysts in the market right now, ultimately Cramer believes these and other headwinds will die down.

And when they do, Cramer believes investors will take a second look at companies that reported solid, if not perfect earnings, such as Hain.

And its earnings were very solid.

For example, net sales grew 17% to $534.9 million and Hain boosted its full-year earnings and revenue outlook.

Therefore, Cramer can't help but wonder, "Is the pullback in Hain simply a rare chance to buy a high-quality stock at a discount, in a name that hardly ever gives you this kind of pullback?"

"You know that I'm a huge believer in the healthy eating theme," Cramer reminded. And Hain sits squarely in the center of that theme. "I think this stock is a buy."

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

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