It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:

Cracker Barrel Old Country Store: "I thought that Cracker Barrel quarter was terrific. The stock has been coming off, I think that's a mistake. I want to buy Cracker Barrel."

McEwen Mining Inc: "Bruce Kamich who writes with me at RealMoney.com said it could break out even further. I've see the stock go up, he recommended it lower. This thing could break to $5. I think you've got a winner."

Arrow Electronics: "I think Arrow is doing better than Avnet, frankly, and I want to buy the stock. Tech Data has had some good numbers, too."

Lions Gate Entertainment Corporation: "I think that stock has come down quite a bit, but I don't have a case for why it should be bought. I see no catalyst."

Gilead Sciences: "It's so cheap. I don't know what to do. I looked at Gilead this weekend and I said how did this stock get so low? You know what, and I'll tell you why. We need to hear from the company. The company has to explain its strategy."

ConAgra Inc: "I think ConAgra is a winner. A lot of these food companies — General Mills is doing well, Hershey's is doing well, I think Campbell's can come back — so I like that one."

NXP Semiconductors NV: "This is a huge name for my charitable trust ... I think that NXPI should be right up there with Broadcom and NVIDIA."

Mattress Firm Holding Corp: "No, I don't want you to own Mattress Firm. I think Mattress Firm is a sell. I did not like those numbers at all last week."

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