Following Executive Shuffle, Vetr Puts Shake Shack At Buy

The Vetr crowd upgraded their rating for Shake Shack Inc SHAK on Monday, from 3 Stars (Hold), issued three days ago, to 4 Stars (Buy). Crowd sentiment for Shake Shack is generally positive, with 66 percent of Vetr user ratings bullish.

The first week of 2017 saw a surprising jump in share price for the restaurant chain. On January 4, shares climbed more than 5 percent until it finished at $39.41.

On the following day's close, it was announced that Shake Shack CFO Jeff Utz would retire in 2017 and that company executive Zach Koff would become Shake Shack's first Chief Operating Officer. Following these announcements, the stock retreated and closed today at $35.34.

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Currently, the Vetr crowd's average target price for the stock is up at $39.33, which is just above the average analyst target price of $39.11. Less than 2 percent of Vetr users are holding SHAK in their watch lists.