They're squeezing the shorts here and signalled their intention to take it higher Monday by holding it above 61 at the close. They'll have to take it through 62 to be convincing. PFCB is an ideal candidate for a squeeze: large short position, low volumes, true believers waiting to buy at the higher prices. Keep your powder dry.
I am wondering the same thing. The sector itself was strong. It may have gone up on back of the Brinker (EAT) news. It's hard to believe that these chains can continue to raise prices without some fallout at some point. Most stocks in the restaurant sector appear to be very overvalued unless I am missing something. In any event I consider buying at these levels to be treacherous in the long run.