This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Food Stocks That Could Rise

4. Caribou Coffee Company (CBOU), a majority-owned subsidiary of Caribou Holding company, runs coffeehouses in the U.S. It has 534 coffeehouses, including 121 franchised locations. The company operates in three segments: retail, commercial and franchise.

Sales for the second quarter of 2011 stood at $80.3 million, increasing 16.5% from the year-earlier quarter. Net income for the quarter was $4.4 million, or 21 cents per share, as against $2.4 million, or 12 cents per share, in the corresponding quarter of 2010. Commercial and franchise sales for the quarter soared 81.8%, while comparable coffeehouse store sales grew 4.6%.

The company recently announced a partnership with CROSSMARK, a leading sales and marketing services company in the consumer packaged goods space, to support the expansion of its packaged coffee business. Besides, Caribou announced that its holding company is offering for sale 5.15 million shares of common stock through an underwritten public offering.

The company has raised its full-year guidance for net sales to a range of 11% to 13% from the earlier 7% to 9%. Meanwhile, diluted earnings per share on a pro-forma basis are expected between 39 cents and 41 cents, compared to the earlier forecast of 35 cents to 37 cents.

Of the six analysts covering the stock, five rate it a buy.

The average 12-month price target of analysts polled by Bloomberg is $18.50, 17.5% greater than recent levels.
4 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DOLE $0.00 0.00%
FDP $40.96 2.30%
GMCR $90.20 0.79%
SBUX $55.87 2.70%
THS $80.30 3.50%


Chart of I:DJI
DOW 16,053.79 +39.41 0.25%
S&P 500 1,871.78 +19.57 1.06%
NASDAQ 4,344.9770 +76.2140 1.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs