Shake Shack (SHAK) has been over valued since the IPO and barely beating analyst estimates for Q4 aren't good enough. The stock slumped 9% in after-hours trading. The numbers per Briefing.com: Reports Q4 (Dec) earnings of $0.08 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.07; revenues rose 46.8% year/year to $51.1 mln vs the $50.09 mln Capital IQ Consensus. Same-Shack sales increased 11.0% for Q4 vs. ests near +7%, on a calendar basis, versus 7.2% growth in the fourth quarter last year. Of course, anybody knows that analyst estimates are designed for the company to beat. The movement of the stock price is based in part on beating the actual market expectations. One way to measure the actual expectations are the Estimize numbers submitted by actual investors and research analysts. According to the Estimize estimates, Shake Shack actually missed estimates of $0.09 from the average analyst and $0.10 from the group of experts. Even with stock down substantially, the market is too bullish on the stock. Avoid Shake Shack for now. Disclosure: No position