Jim Cramer Discusses Shake Shack's Surprising Strength in a Weak Restaurant Group

Shake Shack Inc. (NYSE:SHAK) is one of the stocks Jim Cramer spoke about recently. Cramer discussed the stock’s earnings during the episode and commented:

“Is the Shack back? Over the past few months, we’ve seen some big pullbacks in the restaurant space, including high-quality operators like Shake Shack, which you know I love. When these guys reported at the end of July, results were a little less than perfect, and the stock plunged from $140 and change to just under $90 as of last night’s close. But this morning, Shake Shack reported a solid quarter with better-than-expected same shack sales, a solid revenue beat, and a 5-cent earnings beat off a 31-cent basis. That’s huge. While the guidance for the current quarter wasn’t necessarily perfect, it was good enough to let the stock rally almost 2% today in a restaurant chain group that is just awful.”

Shake Shack Inc. (NYSE:SHAK) operates and licenses a chain of restaurants that serve burgers, chicken, hot dogs, fries, shakes, frozen custard, and beverages.

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