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.