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Shake Shack Shares Are Plunging After Morgan Stanley Said the Stock Was Far too Expensive

Not even chicken sandwiches can save Shake Shack shares today
Nom nom nom.

Nom nom nom.

Source: Shake Shack

Shake Shack fans in the New York area will get to sink their teeth into the new "ChickenShack" sandwich, available exclusively at the company's Brooklyn locations, starting today.

Despite the fanfare  likely to ensue, Morgan Stanley analysts don't seem to care. Shares of Shake Shack have been plunging since the bank downgraded the stock, saying that "any way you stack it ... SHAK is expensive."