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Stubborn Street Slow to Back Hain Celestial

Natural food company Hain Celestial has been misunderstood by Wall Street, Cramer said Thursday, and may continue to be.

Despite climbing 22% between Cramer’s April 6 recommendation and now, with the S&P 500 down 12% over that time period, six of 12 analysts covering HAIN still rate it a “hold.” And 12% of HAIN shares are presently being shorted. That’s also in spite of a 2-cent earnings beat and increased guidance for 2011 announced Wednesday after the bell.

The stock’s relatively cheap, too, fetching just 15 times earnings on a 12% long-term growth rate, another sign the Street is ignoring Hain Celestial. Cramer was especially surprised because many similar companies have been taken over in the last few years. Even without a bid, though, he likes this company.

To reaffirm is bullish call on Hain Celestial, Cramer invited CEO Irwin Simon back to the show. Watch the video for the full interview.

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  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

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