"This is a stock that's working," Cramer said. And considering the market environment the Mad Money host finds the gains extremely impressive.
AFC Enterprises, the company behind Popeyes, has several catalysts that have captured Cramer's attention.
First the company is remodeling.
"Last year, AFC Enterprises decided that its Popeyes stores needed a facelift," Cramer explained. By the end of the year the company will have remodeled 60% of its domestic locations, transforming them into Popeyes Louisiana Kitchen, an homage to the company's origins.
"These remodeled restaurants are seeing sales volumes that are four percentage points higher than the system average, a very nice bump," Cramer said.
In addition, Cramer likes the growth potential.