Pullback In Caribou Coffee Could Be Buying Opportunity

Shares of Caribou Coffee CBOU have lost around 4.49% to $12.98 during Wednesday's trading session. Volume has been heavier than normal with around 415,000 CBOU shares trading hands compared to a 3-month daily average of 204,000. The shares trade at a trailing P/E of 8.26, a forward P/E of 27.66, and a PEG ratio of 1.73. The stock has been moving aggressively higher over the last month, adding 19% and higher prices may be in the cards. Caribou is a small cap name with a market cap of just $267 million, and the stock is quite volatile. Nevertheless, today's pull back may be an opportunity in what has been a consistent uptrend in the name. Caribou Coffee Company, Inc. (Caribou) is engaged in operating coffeehouse in the United States. The Company is a majority-owned subsidiary of Caribou Holding Company Limited. As of January 3, 2010, the Company had 534 coffeehouses, including 121 franchised locations.