Caribou Coffee sells whole beans, ground coffee and single-cup coffee to grocery stores in addition to operating its namesake coffee houses. Barish also raised his target price for Caribou, to $24; the stock is currently trading around $17. He believes the earnings per share could grow 47% year over year. The company has guided to a net sales growth of 10-12% and now believes it will be closer to the bottom of that range -- which caused the stock to pull back.
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