(This 52-week high article updated with closing prices.)
NEW YORK (
) -- A roster of food and beverage companies, including
, hit fresh 52-week highs on Wednesday.
Burger King shares touched an annual high of $23.68 in morning trading, and closed just a penny below that at $23.67.
. It will be the second time in less than a decade its shares will no longer trade on an exchange.
With the economy still very much in recovery mode and
, consumers continue to be choosy about how they spend their limited discretionary funds. For the restaurant industry, that means the competition is stiffer than ever, and some dining establishments are bound to go bust.
Industry giant McDonald's hit a new high of $76.26 Wednesday afternoon, after
. The stock finished the session at $76.08, up 28 cents.
Fast-food sector darling
Chipotle Mexican Grill
topped its record high, peaking at$167.04 on Wednesday.
hit a new high for the second day in row, reaching $44.89.
In the alcoholic beverage sector,
Craft Brewers Alliance
( HOOK) each tapped fresh 52-week highs Wednesday as well, to $55.98 and $8, respectively.
Craft's shares have risen steadily in recent months amid speculation that
In the soft beverage sector,
Green Mountain Coffee Roasters
reached a record-high of $34.20 Wednesday after the Vermont company
announced a price increase on some of its coffee products
. The stock finished the day up 7.6% at $33.58.
Natural drink makers
( HANS) reached 52-week highs for the second consecutive session, reaching $24.73 and $47.96, respectively, on Wednesday.
also set a new highwater mark of $15 for the past year.
shares rose as high as $41.08, a 52-week high, just after midday. The stock ended at $41.02, tacking on 45 cents.
Convenience store operators
Casey's General Stores
also hit fresh 52-week highs Wednesday, the second consecutive session for Casey's. Casey's shares rose to $43.67 while Pantry reached $21.84.
Online restaurant reservation service
peaked at $56.48.
-- Written by Miriam Marcus Reimer in New York.
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