When it comes to dining out, customers say Shake Shack
SHAK,
-2.95%
has gotten far too pricey for what it’s dishing out. And that’s despite the fact that it’s even not the most expensive of the fast-casual and fast-food restaurant chains. That’s the big takeaway from a new study by Stifel
SF,
+0.85%,
the wealth-management and investment-banking firm. The report looked at menu pricing at several popular chains, and it also looked at how customers rated these restaurants in terms of value — and highlighted which ones left them hungry for more.
So, what’s the most expensive chain, based on the average cost of a popular meal across 20 cities? It’s Panera Bread, with a price of $14.76. Shake Shack came in fourth, with a price of $13.50. The others in top five were Chipotle
CMG,
-0.22%
at $14.34, Blaze Pizza at $13.72 and Jersey Mike’s at $13.23.
Uncredited
Then t …