NEW YORK ( TheStreet) -- A handful of stocks in the
restaurant sector tapped 52-week highs on Monday. Shares of Chipotle Mexican Grill ( CMG), Cheesecake Factory ( CAKE), Texas Roadhouse ( TXRH), Panera Bread ( PNRA) and Tim Hortons ( THI) all hit annual heights during the day's volatile trading session.
>>Restaurant Stocks: Earnings to Watch The PowerShares Dynamic Leisure and Entertainment Portfolio ( PEJ) and PowerShares Dynamic Consumer Discretionary Sector Portfolio ( PEZ), exchange-traded funds that count Chipotle, Cheesecake, Panera and Texas Roadhouse among their holdings, closed the day in positive territory after spending much of the morning slightly down. The PEJ closed up by 0.8% while the PEZ added 0.9%. >>Restaurant Stocks: Winners & Losers Shares of
Chipotle pushed up to a 52-week high of $243.98, closing just off that high at $242.92. The fast-casual Mexican food chain handily beat expectations and reported a 39.9% rise in earnings for the third quarter , thanks in large part to an 11.4% jump in comparable same-store sales, or sales at stores open at least one year -- a closely watched metric in the restaurant industry. RBC Capital Markets maintained a sector perform rating on Chipotle shares following its stellar earnings report, and raised its price target to $185. Stifel Nicolaus analyst Steve West maintained his buy rating, and upped his price target to $215, from $183.69.