For many investors, Shake Shack Inc (NYSE:SHAK) typifies the overbought stock. After an IPO at $21 a share, the stock flew all the way $95 due to so-called "brand euphoria" before settling in the $45 range. While many called the company overvalued on its upward rise, the stock now seems reasonably priced based on several key growth factors and its unbelievable brand strength.
Jeremy Bowman owns shares of Shake Shack. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.