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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."

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. 

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"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 $43.27 -0.07%
PNRA $195.61 0.45%
SBUX $58.95 1.50%
AAPL $110.45 0.06%
FB $93.83 1.90%


Chart of I:DJI
DOW 16,709.15 +236.78 1.44%
S&P 500 1,978.34 +26.98 1.38%
NASDAQ 4,756.3990 +48.6240 1.03%

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