Jim Cramer on Shake Shack: “Terrific Company With a Stock That Took a Real Header”

Shake Shack Inc. (NYSE:SHAK) is one of the stocks that Jim Cramer spoke about. Cramer mentioned the stock during the episode and said:

“Or what about Shake Shack? Terrific company with a stock that took a real header today, down 14%. As I go over the conference call, I came across this fly in the ointment, ‘The majority of the commodity situation is in beef, and obviously we sell a lot of beef.’ Boom.”

Photo by jason briscoe on Unsplash

Shake Shack (NYSE:SHAK) operates and licenses restaurants providing a menu of burgers, chicken, hot dogs, fries, shakes, frozen custard, and beverages. Cramer mentioned the company in a January episode of Squawk on the Street and commented:

“[how market viewed ex-Mag 7 on the day of the sell off] I mean, it is interesting, by the way, that Rob Lynch moved over to Shake Shack, and he’s done a great job. But I will say that not the right day to ring the opening bell, in the sense of its line of focus. But a good sense that he’s brought the company to a growth pattern that’s far in excess of we thought it was going to have. He, Papa John’s, turnaround guy.”

Since the above comment, SHAK stock is up 1.5%.

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Disclosure: None. This article is originally published at Insider Monkey