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Jim Cramer Says Shares of Shake Shack Are Still Too Expensive

TheStreet's Jim Cramer belies shares of Shake Shack may still be a little too expensive for investors to buy right now.
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TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer belies shares of Shake Shack (SHAK) may still be a little too expensive for investors to buy right now. On Wednesday, analysts at Longbow Research upgraded Shake Shack to a BUY from a NEUTRAL. Cramer said, 'Shake Shack is a little Tesla-like in a sense that per car, Tesla (TSLA) is way too expensive. Per store, Shake Shack is way too expensive. I've always felt that at a certain point, Shake Shack will grow into its market cap.'

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.

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