Eateries Up As Caribou Butts Out New High

Restaurants surged against a generally weak market late last week, springing into the top 20 industry group's in Monday's IBD. Group leader Chipotle Mexican Grill (CMG) took a mild loss for the week. But a broad list of restaurant chains posted healthy gains. The prize, however, went to Caribou Coffee (CBOU), which had a 21% gain for the week, capped by an 11% gain Friday. What spurred the advance? There is no clear answer. One possibility:
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Posted In: Consumer DiscretionaryRestaurants
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