Shake Shack Inc. (SHAK): It’s Not Expensive At All, Sayd Jim Cramer

We recently published 8 Stocks That Jim Cramer Recently Talked About. Shake Shack Inc. (NYSE:SHAK) is one of the stocks Jim Cramer recently discussed.

Shake Shack Inc. (NYSE:SHAK) is an American fast food chain. Its shares have gained a modest 1.3% year-to-date as worries about consumer spending have made investors hesitant to pile into the stock. In his previous comments about Shake Shack Inc. (NYSE:SHAK), Cramer was exasperated with the negativity surrounding the firm. This time, he praised the firm’s CEO and continued to oppose the detractors:

“[On whether he though SHAK’s expensive]Nooo, you know that’s, no one. I mean I read these things and I just say, okay look, look whoever it is don’t they know that this is Rob Lynch. Now, Rob Lynch who saved PapaJohn’s, has he spent any time with Rob? I mean Rob Lynch has turned this Shake Shack around. He has huge ambitions. It’s only a 5.8 billion dollar company. And everyone knew it was undermanaged. I think he’s crushing it. So is it overvalued? Against what? This guy’s doing a remarkable job. Pay attention to the CEO. Look at the CEO. This is not some guy who just walked in and said you know what, how do I make a milkshake? You have Lynch, one of the greatest managers in restaurants.”

Shake Shack Inc. (SHAK): It's Not Expensive At All, Sayd Jim Cramer

A cook in a busy kitchen preparing a delicious cooking of burgers and fries.

Previously, Cramer remarked on Shake Shack Inc. (NYSE:SHAK)’s share price performance:

“But I will say this. We have a new theme going on here. And the theme is, if we thought it was going to be bad, and it’s bad, we buy. Shake-Shack, down six. Well we knew it was gonna be bad. Will you give me a break? Now it’s up.”

While we acknowledge the risk and potential of SHAK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SHAK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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