Vetr: Popeyes Goes From 'Sell' To 'Strong Buy' After Two-Week Tumble

While stocks across the board were slightly up over the past month, shares of Popeyes Louisiana Kitchen Inc PLKI were suffering, losing more than 4.3 percent. The past couple of weeks were especially harsh, with the stock down more than 3.5 percent.

Following the most recent decline, the Vetr crowd seems to believe some room for upside has been unlocked, as evidenced by its average price target of $60.30. This target implies a potential return of roughly 10.2 percent from current valuations.

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Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on shares of Popeyes on Monday, from 2.0 stars (Sell) to 4.0 stars (Strong Buy) — out of a possible five-star rating.

It should be noted that, in accordance with the new rating, 100 percent of the crowd’s ratings are bullish at the time, meaning that all raters see the stock surging to some degree.