Shake Shack (SHAK) is "100% Tied to the Beef Future," Says Jim Cramer

We recently published 8 Stocks on Jim Cramer’s Radar.  Shake Shack Inc. (NYSE:SHAK) is one of the stocks on Jim Cramer's radars. Shake Shack Inc. (NYSE:SHAK) is a fast food restaurant firm. It has been at the center of analyst attention over the past couple of months, with the latest coverage coming from JPMorgan on December 18th. The bank upgraded Shake Shack Inc. (NYSE:SHAK)’s rating to Neutral from Underweight as it cut the firm’s share price target to $90 from $95. The bank pointed out that the firm is transforming itself into a quick-service restaurant company while remaining cash flow positive. JPMorgan’s comments came after Raymond James had maintained a Strong Buy rating and a $150 share price target for Shake Shack Inc. (NYSE:SHAK)’s shares on November 25th after the restaurant firm’s CFO announced her resignation. In his previous comments about the company, Cramer has praised its CEO but added that beef prices continue to be a sore point. His thoughts in this appearance reiterated the sentiment: Africa Studio/Shutterstock.com

“Look, SHAK is very interesting. The problem with SHAK, was the stock was going straight down, the analysts had it dead right, said sell. It was much more of a victory call. I happen to think Rob Lynch is doing great but this company, is 100% tied to the beef future.”

While we acknowledge the potential of SHAK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.