Vetr Top Raters Downgrade Shake Shack, Expects Nearly 8% Downside

Shares of Shake Shack Inc (NYSE: SHAK) have gained more than 7 percent since the start of 2016 and have lost just 1.50 percent over the past year.

Despite Shake Shack's outperformance versus the broader indices and some of its restaurant peers, Vetr top raters downgraded the stock's rating to 2.5-stars out of a possible 5-stars. In fact, shares of Shake Shack have fallen to $40.20 since the prior rating of 3.0-stars was issued just 8 days ago.

Related link: Here's how crowdsourced ratings can beat the market.

Despite a downgrade, the majority of Vetr top raters are positive on the stock as 63 percent of the crowd's ratings are bullish. On the other hand, the crowd sourced price target of $38.17 implies a potential downside of nearly 8 percent.