Zacks Investment Research downgraded shares of CARIBOU COFFEE (CBOU) from OUTPERFORM to NEUTRAL on November 12, 2012, with a target price of $13.40.
Caribou Coffee is the second largest company-owned gourmet coffeehouse operator in the United States based on the number of coffeehouses. It offers its customers high-quality gourmet coffee and espresso-based beverages, as well as specialty teas, baked goods, whole bean coffee, branded merchandise and related products. In addition, it sells products to grocery stores and mass merchandisers, office coffee providers, airlines, hotels, sports and entertainment venues, college campuses and other commercial customers. It also focuses on creating a unique experience for customers through a combination of high-quality products, a comfortable and welcoming coffeehouse environment and customer service.
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