Cramer: ‘I think there’s a lot of upside here!’

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

This stock has gained more than 40% ytd, but if Cramer's right, selling would be a mistake.

"After a series of mixed or disappointing quarters, this week one of my favorite restaurant stocks, Buffalo Wild Wings, knocked it out of the park!" Cramer said. "This sports oriented beer and wings chain delivered some truly terrific results."

Cramer couldn't be more excited. He's been a fan of Buffalo Wild Wings for quite some time and believes recent earnings confirm his bullish outlook.

Looking at the numbers a little more closely, Buffalo Wild Wings earned $16.5 million, or 88 cents per share, for the three months ended June 30. That was up from $11.7 million, or 62 cents per share, in the 2012 second quarter.

Revenue rose 28 percent to $305 million, from $238.7 million last year, as sales at company-owned stores increased 29 percent to $285.4 million.

Analysts, on average, expected a profit of 79 cents per share, on $304.7 million in revenue, according to FactSet.

Cramer expects to see results such as these for quite some time to come.

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In part that's because the Mad Money host considers Buffalo Wild Wings to be a 'great growth story.'

The company intends to open as many as 100 new locations by the end of 2013; and it could almost double in size when the company's growth strategy is fully realized. "They're scheduled to open their thousandth new location early next year," Cramer added.

Also, the roll out is happening very strategically.

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"In the past, the company has spent a lot of money building out company owned locations—right now the mix is about 44% company owned and 56% franchised—but going forward management plans to shift toward developing more franchises, which saves a lot of money," he said.

And, with football season approaching, Cramer thinks the new locations could trigger a surge in new business.

All told, "I think there's a lot more upside here," Cramer said. "It reamins a long-term buy."

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