Investors Devour Soaring Food Stocks

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Published October 25, 2013

| FOXBusiness

Technology stocks may be getting all the attention on Friday, but a handful of hum-drum food-related plays are leaving investors very satisfied.

Restaurant stocks are eating their way further into record territory as the momentum crowd continues to devour the group. Buffalo Wild Wings (BWLD) has been on a tear this year, up 72% and on track for its 34th record finish. BWLD reports 3Q earnings on Tuesday.

Friday also marks the 32nd record high this year for Cheesecake Factory (CAKE). And Chipotle Mexican Grill (CMG) is hitting its fourth straight record high.

Restaurant Record Highs

Ticker

Security

Last

Change

% Chg

YTD % Chg

(BWLD) Buffalo Wild
Wings, Inc.

125.40

4.29

3.54%

72.21%

(CAKE) The Cheesecake
Factory

46.49

1.17

2.58%

42.13%

(DNKN) Dunkin' Brands
Group, Inc.

48.64

0.98

2.05%

46.59%

(CBRL) Cracker Barrel Old
Country Store

108.75

1.45

1.35%

69.23%

(TXRH) Texas Roadhouse,
Inc.

27.55

0.17

0.62%

63.98%

(CMG) Chipotle Mexican
Grill, Inc.

524.39

1.42

0.27%

76.29%

Some food retailers are also breaking out to all-time highs on Friday. Whole Foods (WFM) has been a real momentum winner, with its eighth record close in a row and its 29th for the year. Ditto for Kroger (KR), which is notching its fourth consecutive record high and its 47th in 2013.

Food Retailer Record Highs

Ticker

Security

Last

Change

% Chg

YTD % Chg

(GNC) GNC Holdings,
Inc. Class A

58.72

2.15

3.80%

76.44%

(WMK) Weis Markets,
Inc.

52.89

0.74

1.42%

35.03%

(WFM) Whole Foods
Market, Inc.

65.06

0.47

0.73%

42.74%

(KR) The Kroger Co.

43.17

0.16

0.37%

65.91%

 

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