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Downgrade Alert for Caribou Coffee (CBOU)
[December 28, 2012]

Downgrade Alert for Caribou Coffee (CBOU)

Dec 28, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Caribou Coffee (NASDAQ:CBOU) was downgraded from Buy to Neutral at Dougherty today. The stock closed yesterday at $16.12 on volume of 277,000 shares, below average daily volume of 590,000. Caribou Coffee Company is a company-owned gourmet coffeehouse operator. The Company offers high-quality gourmet coffee and espresso-based beverages, specialty teas, baked goods, whole bean coffee, and branded merchandise.

Based on a current price of $16.12, Caribou Coffee is currently 2.5% above its average consensus analyst price target of $15.71. The stock should find initial support at its 200-day moving average (MA) of $13.34 and further support at its 50-day MA of $12.64.

In the past 52 weeks, Caribou Coffee share prices have been bracketed by a low of $9.93 and a high of $18.84 and closed yesterday at $16.12, 62% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 1.65% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Caribou Coffee on December 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.69. Since that recommendation, shares of Caribou Coffee have risen 27.1%. We continue to monitor CBOU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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