Shake Shack is getting smoked again

Shake Shack VS Burger King 26

(Christian Storm/Business Insider)

Shake Shack shares are getting crushed again.

The stock fell more than 12% on Wednesday after falling by more than 6% yesterday.

It fell to as low as $75.12 per share Wednesday. It's up 64% from the IPO.

Tuesday's drop ended a six-day streak of gains that was a record since the fast-casual food chain went public January 30. Shares reached an all-time high of $96.75 on Friday.

Earlier this week, we highlighted the stock's incredible rally since its first-quarter earnings that analysts described as historic. Also, we noted comment from CNBC's Jim Cramer, who described the stock as the "Tesla for burgers."

In an article Monday, The Wall Street Journal's Miriam Gottfried noted that every Wall Street analyst who covered Shake Shack rated it at "hold" — they're not advising clients to buy or sell the stock.

Here's a look at the drop lower Wednesday:

Screen Shot 2015 05 27 at 10.54.12 AM

(Google Finance)

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