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.”

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.”

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