Caribou Coffee Jumps 7% On Heavy Volume

Shares of Caribou Coffee CBOU are up around 7% on Friday after opening the session flat. Volume has been heavy with more than 950,000 CBOU shares trading hands compared to a daily average volume of around 218,000. Caribou has gained 34% in the last year and is up more than 20% over the last month alone. The company currently has a market cap of around $271 million. 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.