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) and Dunkin' Brands (DNKN) 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) 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.

More from Opinion

Why Ether and Ripple -- But Not Bitcoin -- Prices Might Come Under Pressure Soon

Why Ether and Ripple -- But Not Bitcoin -- Prices Might Come Under Pressure Soon

Daily Chatter: Here's Where the Markets Stand After Tuesday's Beating

Daily Chatter: Here's Where the Markets Stand After Tuesday's Beating

3 New Investing Myths That Must Be Busted

3 New Investing Myths That Must Be Busted

Why a Global Stock Market Crash Is Coming

Why a Global Stock Market Crash Is Coming

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry