Jim Cramer spoke on CNBC's Mad Money about Shake Shack Inc SHAK. He thinks its market cap of $1.3 billion is still very high, but the company can grow to that number. He added that he likes the risk-reward ratio in Shake Shack at its current price level.
Cramer believes it's worth betting that Del Taco Restaurants Inc TACO is going to recover. He also thinks the whole sector is under a lot of pressure and he thinks investors have to be careful with this stock.
The long-term trend is still in Chipotle Mexican Grill, Inc.'s CMG favor, thinks Cramer. He expects to see a recovery from the E. Coli outbreak, because people want to eat organic food. He added that companies like Jack in the Box Inc. JACK and Taco Bell managed to recover from similar incidents.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.