Vetr Crowd Upgrades Shake Shack, 66% Of Users Are Bullish

Shares of Shake Shack have been highly volatile throughout 2015. The stock hit an all-time high of $96.75 in May after trading as low as $38.63 a few months ago. However, the stock has lost momentum since its summer-highs and has lost nearly 25 percent over the past three months alone.

The Crowd

The Vetr crowd may have found Shake Shack's valuation more attractive, as the stock was upgraded to a 3.5-star rating out of a possible five from a prior rating of three-stars. Sixty-six (66) percent of the crowd's ratings are bullish and the crowd-sourced price target of $44.75 implies an upside of just over 6 percent.

Related Link: Vetr Crowd No Longer Uber-Bearish On Puma Biotech

Mikhail Skiba, a member of the crowd, pointed out that Shake Shack's valuations are "very high" for a restaurant operation that is seeing "slowing sales" and "income of about $5 million per year." On the other hand, Connor MacDonald suggested that the stock is "so heavily controlled by sentiment" that there are no "accurate predictions."

Quick And Casual: Fast Food Burger Joints

The Vetr crowd's stance on quick casual-fast food burgers is varied. As an example, shares of Red Robin Gourmet Burgers, Inc. RRGB are rated five stars out of a possible five and a staggering 100 percent of the crowd's ratings are bullish. In addition, the crowd-sourced price target of $91.33 implies an upside of almost 50 percent. Image Credit: By m01229 from USA (Shake Shack dinner in New Haven) [CC BY 2.0], via Wikimedia Commons