Was Jim Cramer Right About These 23 Stocks?

11. Shake Shack Inc. (NYSE:SHAK)

Number of Hedge Fund Holders: 43

A caller had a question for Cramer about Shake Shack Inc. (NYSE:SHAK), the fast-casual restaurant chain with a growing footprint in burgers and modern American cuisine. Cramer offered cautious optimism about its leadership at the time.

“I will tell you we have liked Rob Lynch historically. We think he’s a terrific CEO. He has come in there, I think it’s a breath of fresh air […] I do think this stock needs a bit of a pullback because it sells at a very, very high price-to-earnings multiple, but I like where you’re going because I like the management.”

Shake Shack Inc. (NYSE:SHAK)’s stock price has decreased by 15.23% following Cramer’s commentary.

On the 27^th of January, Cramer said he believes the company’s CEO is capable of turning the stock’s fortune around:

“[how market viewed ex-Mag 7 on the day of the sell off] I mean, it is interesting, by the way, that Rob Lynch moved over to Shake Shack, and he’s done a great job. But I will say that not the right day to ring the opening bell, in the sense of its line of focus. But a good sense that he’s brought the company to a growth pattern that’s far in excess of we thought it was going to have. He, Papa John’s, turnaround guy,