Shake Shack Inc. (NYSE:Shake) is one of the Jim Cramer’s actions put in the spotlight. Cramer spoke about the company in light of the current state of consumers. He commented:
“Today, we get a lot of research about how the consumer is in terrible shape. I saw stories about how Shake Shack and Papa John’s may be too expensive for some people. I’ve been a big fan of Shake Shack stock. I was surprised to learn that customers are being hurt by the price of meat in a weaker economy.”
Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels
Shake Shack Inc. (NYSE:SHAK) operates and licenses a chain of restaurants serving hamburgers, chicken, hot dogs, French fries, shakes, frozen custards and beverages. Cramer talked about the stock during the August 4 episode, saying:
“During earnings season, when a stock goes up maybe too much, even a good quarter might not be enough to keep it from going down. Take Shake Shack, the iconic burger chain. Last Thursday morning, the company reported a pretty clean top-line and bottom-line result with its highest restaurant-level margins in six years, which is what matters to me. However, some people thought there was a fly in the pan. ointment. Shake’s same-store sales grew just 1.8%. Analysts expected 2.2%. Give me a break.
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Disclosure: None. This article was originally published in Internal jumpsuit.