Stock price when the opinion was issued
Consumer discretionary hasn't held up, because consumer sentiment has fallen, taking SHAK down. But SHAK's fundamentals remain the same. RSI is at 30, so is oversold. That said, it's trendless and this is not a buying opportunity. It could be rangebound for a while. He's long-term and will hold. Traders love it here, though.
A good example of an exciting company that IPOs and ends up trading at a premium because everyone likes it. We have seen this with Facebook (FB-Q). It was exciting and came out at a premium, and for the first while the shares were down. This stock is suffering from a similar situation. He likes their business, but would not be a buyer as he feels the evaluation is too rich. PE is pricing in significant growth in the next 6-18 months, so it is pricing in perfection. If there is any shortfall, you are going to see the stock price punished. He would prefer McDonald’s (MCD-N).