Vetr Top Raters Upgrade Shake Shack

Shares of Shake Shack Inc SHAK have been quite volatile in 2016, but are ultimately down more than 15 percent year-to-date. Moreover, since the beginning of March, shares have tumbled more than 19.5 percent. However, in a depressed prices environment, the crowd has become more bullish on the stock.

Related link: Here's How Crowdsourced Ratings Can Beat The Market

On Wednesday, top raters at the Vetr community upgraded shares of Shake Shack from 4.0 Stars to 4.5 Stars -- out of a possible 5.0 Star rating, setting a price target of $37.43, which implies an upside of more than 10 percent from current valuations. Furthermore, it should be noted that 75 percent of the crowd's ratings are bullish.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.