Shake Shack Inc. (NYSE:Shake) is one of Actions that Jim Cramer has spoken. Cramer mentioned the stock during the episode and said:
Or what about Shake Shack? A great company with a stock that has taken a real head today, down 14%. As I review the conference call, I came across this fly in the ointment, “the majority of the situation of basic products is beef, and obviously, we sell a lot of beef.” Boom.”
Photo by Jason Briscoe on Unsplash
Shake Shack (NYSE: Shak) operates and allowed restaurants providing a menu of hamburgers, chicken, hot dogs, fries, shakes, custard and drinks. Cramer mentioned the company in a January episode of Squawk in 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 to Shake Shack, and he did an excellent job. But I would say that it is not the right day to ring the opening bell, in the direction of its focus line. But a common sense that he brought the company to a growth scheme that goes beyond that we think it was going to have. Him, Papa John’s, Turnarour Guy. “”
Since the comment above, Shak Stock has increased by 1.5%.
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Disclosure: None. This article is initially published at Initiate monkey
