Applebee's (APPB) stock moves higher after Breeden Capital cites poor performance

Applebee's technical price pattern edged higher today after active investor Breeden Capital yesterday cited Applebee's poor total return performance compared to industry peers. Streetinsider 13D Tracker notes " in a letter to the Applebee's directors that, over the three years ended December 1, 2006, Applebee's total return to shareholders was 13th worst out of 14 comparable companies. " Breeden Capital (founded by former SEC Chairman Richard C. Breeden) is a 5.25% holder of Applebee's stock. (Note: Price moves in equities can precede 13d disclosure filings.)