Best Performing Restaurant Chains & Suppliers in 2013: GRILLit, Chipotle, Brinker International, Wendy's and Sysco
CORAL SPRINGS, Florida, December 10, 2013 /PRNewswire/ --
Restaurants and National Suppliers making strides this year and lead the way for potential top performers and advancers for 2013 : GRILLiT, Inc. (OTC: GRLT), Chipotle Mexican Grill, Inc. (NYSE: CMG), Brinker International, Inc. (NYSE: EAT), Wendy's (NASDAQ: WEN) and Sysco Corporation (NYSE: SYY).
GRILLiT, Inc. (OTC: GRLT) announced that the Company has expanded the duties of its national public relations firm, Chicago based Sanderson & Associates to include all the Company's marketing and development efforts. Sanderson & Associates (@SandersonPR) has served hundreds of franchisors and thousands of their franchisees in a period of over thirty years. "There are several new and exciting things happening at GRILLiT," said Rhonda Sanderson, president of Sanderson & Associates. "We want to make sure all of these transitions contribute positively towards our 5 year growth plan.".
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Ahead for the Company in 2014 and 2015 will be new locations in the Ft. Lauderdale/Miami market as well as planned further expansion in newly entered markets of Kentucky and Tennessee. The Company will also focus on expanding its message of fresh and healthy food choices, as well as making continuous improvements to its menu. Founded in 2011, GRILLiT currently has two locations in South Florida and expects to open 21 company-owned locations and more than 50 franchised locations across the country over the next three to five years.
Chipotle Mexican Grill, Inc. (NYSE: CMG) develops and operates fast casual and fresh Mexican food restaurants. Its restaurants primarily offer burritos, tacos, burrito bowls, and salads. As of October 15, 2013, the company operated approximately 1,500 restaurants. CMG started 2013 below the $300 per share range trading above $520 per share today. CMG closed up slightly on Monday on 278,143 shares traded by market close.
Brinker International, Inc. (NYSE: EAT) owns, develops, operates, and franchises full-service casual dining restaurants under the Chili's Grill & Bar and Maggiano's Little Italy brands primarily in the United States. As of September 25, 2013, it owned, operated, or franchised 1,596 restaurants. EAT started 2013 just above $30 per share range trading above $45 per share today. EAT closed down slightly on Monday on 731,000 shares traded by market close.
Wendy's (NASDAQ: WEN) has completed the sale of 53 of its restaurants in the Salt Lake City, Utah, area. The buyer is privately held NPC International, and the price is $30.4 million. The deal also includes one additional restaurant currently under development. As part of the arrangement, NPC International has also agreed to remodel some of those outlets in accordance with Wendy's most recent design aesthetic. WEN started 2013 just above $4 per share range trading above $8 per share today. WEN closed down slightly on Monday on 8.3Million shares traded by market close.
Sysco Corporation (NYSE: SYY) and US Foods announced an agreement to merge, creating a world-class foodservice company. The total enterprise value of the transaction is approximately $8.2 billion and the combination has been approved by the Board of Directors of each company. Bill DeLaney, Sysco president and chief executive officer, will lead the combined company, which will continue to be named Sysco and headquartered in Houston, Texas. At closing, Sysco will have estimated annual sales of approximately $65 billion.
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