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Jim Cramer's Stop Trading: Starbucks Should Go to $82

NEW YORK (TheStreet) -- Analysts are starting to warm up to the restaurant industry, according to TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio

During CNBC's "Cramer's Stop Trading" segment, he noted Barclays upgraded Panera Bread Company (PNRA - Get Report) and Dunkin' Brands (DNKN - Get Report) to buy from hold and increased price targets to $175 and $51, respectively. 

Cramer wondered why on Dunkin' Brands since the company "had a really bad quarter."

Read More: Warren Buffett's Top 10 Dividend Stocks

Meanwhile, for whatever reason, investors don't seem to care about the great results reported by Starbucks (SBUX - Get Report) a few weeks ago, when analysts did not like the industry as much and when geopolitical tensions were high. 

"Dunkin' is in the penalty box with me," Cramer concluded, adding that Starbucks, an AAP holding, should climb back to its 52-week highs near $82. Shares are currently near $78, down nearly 1% for the year to date.

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

At the time of publication, Cramer's Action Alerts PLUS had a position in SBUX.

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DNKN $54.03 0.00%
PNRA $184.36 0.00%
SBUX $51.84 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

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