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Cramer: Turbocharged growth stock?

(Click for video linked to a searchable transcript of this Mad Money segment)

I think this is a fabulous story, said Cramer. They're hitting it out of the park.

Cramer was talking about Buffalo Wild Wings which, earlier in the week, said third-quarter net income jumped 67 percent on lower costs and improved revenue from its growing base of restaurants.

The results easily beat market expectations and shares soared, gaining almost 10% the next day.

"There's nothing this market likes more than a turbo-charged growth story," Cramer reminded, "and growth at Buffalo Wild Wings looks like it's turbo-charged."

John Rensten | Photographer's Choice | Getty Images

Looking at the numbers, net income increased to $17.9 million, or 95 cents per share, for the quarter from $10.7 million, or 57 cents per share, last year. Total revenue increased 28 percent to $315.8 million.

Analysts polled by FactSet were anticipating earnings of 85 cents per share on revenue of $312.1 million.

"That's a grand slam," Cramer mused. "The company just keeps on delivering."

And the future looks equally promising.

Buffalo Wild Wings said that it expects its 2013 earnings will increase 20 percent, or 28 percent on a 52-week basis, over the prior year based on strong sales trends and added restaurants.

Beyond that, the company said it plans to open 1,700 Buffalo Wild Wings locations in the United States and Canada within the next 10 years. It now operates 959 locations in North America.

"There's still plenty of room to grow," Cramer added. Of course, the question becomes how much is already priced in?

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Cramer rarely advocates buying a stock that's popped 10% in a single session.

"We never like to chase stocks here on Mad Money," he said. "However, had you broken the rule and chased Buffalo Wild Wings the last time it reported a great number, which was 3 months ago, you'd have caught a 30% gain."

"I think the stock is going to keep delivering," Cramer added. "If you're long, I'd hold. That's an unusual call for me. And if you're looking to establish a new position, hope it comes in."

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